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Saturday, January 17, 2009


Former Clinton advisor Dick Morris on what's in store for the US economy-and the rest of us.

Have you ever heard of a "depressflation"?

No surprise if you haven't. It's a term I coined myself, to describe the imminent
-- and inevitable -- result of the Democrats' plans for "rescuing" the economy.

Think 1970s-style "stagflation" but much, much worse: massive inflation, even hyperinflation, together with Depression-like economic stagnation. A depressflation.

Why is this inevitable? Because with a bi-partisan consensus that deficits are vital in fighting the crisis (or easing the pain) there is no constraint on Obama and his party. The sky is the limit on spending, to the tune of a trillion-plus dollars over the next two years alone.

And there are only two ways to pay for it: (1) printing more money, which causes inflation, and (2) hiking taxes, which kills investment, businesses and jobs.

Then the question will be: When will we realize that government intervention is magnifying, not solving the problems that caused the crisis? When will the patience of the public with Obama's remedies run out?

My guess is that it won't be until 2012 -- or after.

Not nice-but realistic.


Anonymous Steve Nice Guy Northland said...

You ever seen this character Morris on Fox News ? Clearly a paid stoogie to say whatever idiot crap has to be said.

So hurtful was his dust-up with the Clintons easily more than 8 years ago the fat fuck still hasn't got over it.

It's propelled him on to Fox News which is suspect to start but you should see him and O'Reilly licking one another.

Hilarious.......certainly not to be taken seriously.

1:52 PM  
Anonymous Anonymous said...

Definitely to be taken seriously. If you lived through stagflation and know what Obama and the Obamatons are all about, then you should know that this is exactly what they want for this country. The view success and prosperity as evil and seek to destroy it wherever and whenever they can.

7:09 AM  

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