Is it me or does this just sound like a bad idea. Not that she has worded it this way of course. She is telling people that she is the next messiah and that we will live in a Utopian bliss of economic prosperity and lower gas prices if she's elected.
Her plan is to put $70 billion NEW dollars into the economy in tax rebates and emergency money for foreclosures and energy.
"The plan won't be offset by spending cuts elsewhere because the idea is to inject new money into the economy, Sperling said. `This is the exception to her hard-and-fast rule that new initiatives should be paid for.'"
I still don't know if candidates like Hillary Clinton are ignorant of how the economy works or if they know but don't care. Not that it really matters. Whether it's a lack of education or lack of ethics, the results are the same. Inflation will only make a recession worse.
I've noted before, the more we try to hold off a recession by injecting fake money into the system, the more likely we are to find ourselves in a depression instead of a recession.
My fear is that people that don't understand how these things work will fall for Hillary's feel-good solutions that only make things worse.
