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History of the Democrat party under Barack Obama (view source)
Revision as of 22:08, March 6, 2010
, 22:08, March 6, 2010→Gerald Celente commentary on Obama's economic policy
{{cquote|America is going from what used to be the major capitalistic country in the world of free market – a crusader – into what [[Mussolini]] would have called fascism: the merger of state and corporate powers. So it is not socialism as people believe, it is socialism’s egalitarianism. It’s not communism where the state controls monopolies – it’s fascism, plain and simple. The merger of corporate and government powers. State-controlled capitalism is called fascism, and fascism has come to America in broad daylight. But they’re feeding them it in little bits and pieces. First [[AIG]] was too big to fail. Mortgage companies [[Fannie Mae]] and [[Freddie Mac]] were too big to fail. Banks too big to fail and auto companies. And now we give money to the people that make the auto parts. And now there’s talk about the technology companies, wanting their piece of the action. The merger of state and government is called fascism. Take it from Mussolini; he knew a thing or two about it.<ref>[http://www.lewrockwell.com/orig10/celente2.html interview]</ref>}}
{{cquote|America is going from what used to be the major capitalistic country in the world of free market – a crusader – into what [[Mussolini]] would have called fascism: the merger of state and corporate powers. So it is not socialism as people believe, it is socialism’s egalitarianism. It’s not communism where the state controls monopolies – it’s fascism, plain and simple. The merger of corporate and government powers. State-controlled capitalism is called fascism, and fascism has come to America in broad daylight. But they’re feeding them it in little bits and pieces. First [[AIG]] was too big to fail. Mortgage companies [[Fannie Mae]] and [[Freddie Mac]] were too big to fail. Banks too big to fail and auto companies. And now we give money to the people that make the auto parts. And now there’s talk about the technology companies, wanting their piece of the action. The merger of state and government is called fascism. Take it from Mussolini; he knew a thing or two about it.<ref>[http://www.lewrockwell.com/orig10/celente2.html interview]</ref>}}
== Return of Stagflation Concerns ==
In February of 2010 the ''[[Washington Times]]'' reported:
{{cquote|Prices rose 2.7 percent during 2009, according to the Bureau of Labor Statistics' recent update of the Consumer Price Index (CPI). This is a worrisome fact because last year's unemployment rate averaged more than 9 percent. This trend may signal a return of "stagflation," a merger of stagnation and [[inflation]].
In the 1970s, stagflation shocked traditional [[Keynesian economics|Keynesian]] economists, whose models said the economy could not suffer from both high unemployment and rapid inflation at the same time. Unfortunately, the Keynesians were wrong, because an economy obviously can experience both evils simultaneously...
It seems every week the Obama administration announces some new tax or mandate that will further handicap businesses. Regardless of the official definitions of recession, the economy will remain sluggish for years to come. But if the [[Federal Reserve]] continues with its reckless policies, Americans will experience high inflation on top of high unemployment. As in the late 1970s, Americans will see that the pundits are wrong, because stagflation is very real.<ref>http://washingtontimes.com/news/2010/feb/19/setting-the-stage-for-stagflation/</ref>}}
==Command and Control==
==Command and Control==