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There is plenty of blame on both sides of the aisle for getting us into this mess. That is not the current issue however. The current issue is Obama's disastrous, wasteful spending spree which is a perfect recipe for stagflation.
In a couple of years as the deficits balloon to almost unimaginable amounts, interest rates will need to rise to attract more buyers for treasury bonds to fund the massive deficits (already the Chinese are balking). At the same time the value of the Dollar will fall and inflation will increase as the money supply increases.
These are same mistakes made in the 70's which led to stagflation. We have managed to elect Jimmy Carter all over again. It is going to be a long 4 years.
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бабки, шлюхи, сила
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