Inflation and the 'obama'

Lets look at the base of the obama followers.

They are mostly poor, ignorant about how business works, and

ignorant how the government works. And if you add in all the people 

who were not legally allowed to vote but did vote, then you have

a part of the obama base. Then there is the people who are idealistic.

These idealistic people would starve to death in a more uncivilized world.

Liberals have beliefs of "shoud ofs" that can never to paid for. But they do not

allow balancing the budget to get in the way of their idealism. That is why our

debt is growing beyond the United States' ability to pay the interest on our debt

let alone paying down the principle.

Whatever party comes in, we will have tough times ahead. One party will bankrupt

the United States making misery for all. This could possibly bring down the entire 

world economy causing wars, high inflation and worse. The other party will rein in 

spending and cause misery to many people but not all. The good news about this 

party is that the United Staes can recover from their budget path and the world's 

economy will prosper.

The choice is not about idealism this time. It is about the debt, the US budget and

the ability of the private businesses to create jobs for all that want to work.

And that's the way I see it...

Straight Talk with Jay Clifford

Inflation is more than creeping into the economy.

INFLATION is here and it will get worse. Why would you or I be worried. We need to be worried
because If everything goes up in cost, then soon many things will be out of range for you and
me to buy. Maybe, we will have to begin to ration our income. Should we buy the Organic veggies or
will they cost too much and we are forced to buy regular frozen veggies. Maybe that favorite box
of cereal costs an additional $2; And Beer costs another $3; And Gasoline costs $5 a gallon; And
that can of pop or soda costs another $1 per can. Will your income keep up with inflation. Probably not. WHY? Because the more you earn, the higher Federal, State and Social Security taxes you will pay. Your
net income will not actually grow, And the value of the net income will decline. This means you will not
be able to buy many of the things you want to buy. THAT IS INFLATION.

INFLATION IS A HIDDEN TAX ON EVERYONE. And inflation is here. It's just a matter of how fast
the inflation will increase. Next time - how we can limit inflation.

And that's the way I see it...
Straight Talk With Jay Clifford.