America is heading towards the path of inflation and under Obama's economic plan it may very well be one of the worst inflationary periods ever experienced.
The cornerstone of Obama's economic plan rests on the following, from a CNN story:
On Monday, President-elect Barack Obama said the measures would be "creating and saving 2.5 million jobs - jobs rebuilding our crumbling roads and bridges, modernizing our schools, and creating the clean energy infrastructure of the twenty-first century."
Rest of article on Indy Mind
Obama's Inflation
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There's nothing wrong with the Keynesian model if the borrow and spend cycle is limited. Jefferson said something similiar. Course, I don't see how it will be able to be justified if the bailout is more than the 700 billion and Obama is not going to cut the war. There is a breaking point to the Keynesian model...