Wednesday, November 17, 2010

Limousine Democrats Love Inflation

Limousine Democrats love inflation and wasteful government spending.

Limousine Democrats borrow large amounts of money, with fixed interest rates for investments in commercial real estate, homes, and cars, then they advocate wasteful spending in the government that creates high inflation, so that they can payback their loans with cheaper dollars. Wasteful spending is the fastest method for creating high inflation plus they can feel good by claiming that they are helping the poor.

The problem is that handouts create dependency.

Retired people, on fixed income, are hurt in the long term by the Limousine Democratic spending programs, like Cash for Clunkers, with very little return for the taxpayers. The Department of Transportation reported that at the end of the program Toyota accounted for 19.4 % of sales, Honda with 13.0 %, and Nissan with 8.7%. Meanwhile, Japan's own program excluded U.S. cars.