Changes

=== Massive deficits ===

=== Massive deficits ===

[[File:Unemployment.jpg|right|300px|thumb| [http://hotair.com/greenroom/archives/2009/07/19/the-anti-stimulus-in-pictures-any-questions/?print=1 ''Chart courtesy Doug Ross @ Journal''] ]]

[[File:Unemployment.jpg|right|300px|thumb| [http://hotair.com/greenroom/archives/2009/07/19/the-anti-stimulus-in-pictures-any-questions/?print=1 ''Chart courtesy Doug Ross @ Journal''] ]]

The Obama administration has also been criticized for its [[Obama administration deficit spending|massive deficit spending]] and [[Obama administration monetary policy|reckless monetary policy]] via vast increases in the [[Money supply|money supply]].<ref>http://seekingalpha.com/article/120883-monetary-policynot-obama-s-stimulusis-what-needs-watching</ref><ref>http://www.nypost.com/seven/05172009/postopinion/editorials/bams_wise_words_169731.htm</ref><ref>http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/</ref>

The Obama administration has also been criticized for its [[Obama administration deficit spending|massive deficit spending]] and [[Obama administration monetary policy|reckless monetary policy]] via vast increases in the [[Money supply|money supply]].<ref>http://seekingalpha.com/article/120883-monetary-policynot-obama-s-stimulusis-what-needs-watching</ref><ref>http://www.nypost.com/seven/05172009/postopinion/editorials/bams_wise_words_169731.htm</ref><ref>http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/</ref> Those who level these criticisms apparently hope that voters will ignore the fact that much of the increase in the deficit is due to Obama's refusal to continue hiding federal spending through accounting tricks (such as claiming that war spending "doesn't count" as part of the deficit).

Advocates of [[free market]] [[capitalism]] were also opposed to President [[George W. Bush]], who signed legislation passed by the Democratic House and Senate totaling  over a trillion dollars in corporate bailouts in 2008. For example, the Treasury and Federal Reserve bailed out the leading banks and insurance companies in 2008 with hundreds of billions of dollars of guarantees of bad loans (called "toxic assets").   

Advocates of [[free market]] [[capitalism]] were also opposed to President [[George W. Bush]], who signed legislation passed by the Democratic House and Senate totaling  over a trillion dollars in corporate bailouts in 2008. For example, the Treasury and Federal Reserve bailed out the leading banks and insurance companies in 2008 with hundreds of billions of dollars of guarantees of bad loans (called "toxic assets").   

[[File:6a00d8341c60bf53ef011571a57670970b-500wi1.jpg|left|300px|thumb| [http://hotair.com/greenroom/archives/2009/07/19/the-anti-stimulus-in-pictures-any-questions/?print=1 ''Chart courtesy to Duane Lester''] ]]

[[File:6a00d8341c60bf53ef011571a57670970b-500wi1.jpg|left|300px|thumb| [http://hotair.com/greenroom/archives/2009/07/19/the-anti-stimulus-in-pictures-any-questions/?print=1 ''Chart courtesy to Duane Lester''] ]]

Trend forecaster [[Gerald Celente]] predicts that the corrupt economic policies of the Obama administration will lead to a second [[Great Depression|great depression]] that is global in scope (Celente predicted the 1987 US stock market crash, the dot.com crash, the US 2008/2009 recession, and the collapse of the USSR in the early 1990s) and "second [[American Revolution]]" (Gerald Celente predicted the [[Tea Party Movement|tax protests]] that are now occurring in America).<ref>http://www.youtube.com/watch?v=8MMX3SKzrfU&feature=channel_page</ref><ref>http://www.youtube.com/watch?v=sy9bfw1ebgw&feature=response_watch</ref>  Celente also asserts that the costly and inefficient temporary short term methods that the Obama administration is using to alleviate economic problems in the short term (which are causing massive increases in deficit spending) is only making matters worse and will not prevent the worse economic depression in United States history from occurring.<ref>http://www.youtube.com/watch?v=_C8K7rWkGGw</ref><ref>http://www.youtube.com/watch?v=1LBffdIW0XA&feature=response_watch</ref>  In addition, Celente predicts that if a "second American Revolution" occurs in a peaceful and productive manner, it may include a [[Third Party System|third party movement]] of governance that will advocate a more [[free market]] [[capitalism]] approach to the American economy and a more strict interpretation of the [[United States Constitution|United States constitution]] as far as the authors' [[original intent]].<ref>http://www.youtube.com/watch?v=8MMX3SKzrfU&feature=channel_page</ref><ref>http://www.youtube.com/watch?v=sy9bfw1ebgw&feature=response_watch</ref>

Trend forecaster [[Gerald Celente]] predicts, without evidence, that the economic policies of the Obama administration will lead to a second [[Great Depression|great depression]] that is global in scope (Celente predicted the 1987 US stock market crash, the dot.com crash, the US 2008/2009 recession, and the collapse of the USSR in the early 1990s) and "second [[American Revolution]]"(he apparently believes that if a minority doesn't get what it wants, it should use force to overthrow the legitimately elected government) .<ref>http://www.youtube.com/watch?v=8MMX3SKzrfU&feature=channel_page</ref><ref>http://www.youtube.com/watch?v=sy9bfw1ebgw&feature=response_watch</ref>  Celente also asserts that the methods that the Obama administration is using to alleviate economic problems (which are causing increases in deficit spending because there is no other reasonable way to combat a recession) is only making matters worse and will not prevent the worse economic depression in United States history from occurring.<ref>http://www.youtube.com/watch?v=_C8K7rWkGGw</ref><ref>http://www.youtube.com/watch?v=1LBffdIW0XA&feature=response_watch</ref>  In addition, Celente predicts that if a "second American Revolution" occurs in a peaceful and productive manner, it may include a [[Third Party System|third party movement]] of governance that will advocate a more [[free market]] [[capitalism]] approach to the American economy and a more strict interpretation of the [[United States Constitution|United States constitution]] that ignores the purposes and intent of that document.<ref>http://www.youtube.com/watch?v=8MMX3SKzrfU&feature=channel_page</ref><ref>http://www.youtube.com/watch?v=sy9bfw1ebgw&feature=response_watch</ref>

===Gerald Celente commentary on Obama's economic policy===

===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 ==

== Return of Stagflation Concerns ==

In February of 2010 the ''[[Washington Times]]'' reported:

In February of 2010 the ''[[Washington Times]]'' reported: