The tenets of Obamanomics are as follows:
- When in debt, spend yourself further into a hole.
- When confronted with a liquidity meltdown largely caused by the fiat currency regime, print more of said fiat currency to break the "logjam" in the credit markets.
- In the event of an economic crisis caused by overspending and massive government intervention, expand government intervention massively in the guise of even more overspending to cure the problem.
- Do as I say, not as I do.
- Government failures can only be solved by throwing more resources (that is, tax dollars) at the problem.
- Redistributing money from the private economy into the public sphere, which does not "grow" the overall pie no matter how you slice it, will "stimulate" economic growth.
- The most important consideration is to protect the survival of the Corporate Power. After all, they're too big to fail.
- If we come up short, we can just print our way into prosperity. See how successful Zimbabwe is at doing this. Virtually everyone living there is a trillionaire by now!
- Damn the inflation! Full speed ahead with the printing presses!
- Saving is to be avoided at all costs. Economic prosperity hinges on massive spending and thereby enriching the banks and credit companies by expanding debt balances.
- Protect the dickhead way of life at all costs. Thrift and restraint are unAmerikan, and thus we can never ask for this from our largest base of political support.
- Buy now, pay later - preferably after the Sun King has left office eight years from now.
- Don't worry about deficits and debt, they don't matter anymore. The working man, and his children, and his children's children's children (sorry, Justin Hayward) will foot the bill.
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