Obama Appoints Yet Another Fed Thug, Paul Volcker

November 28th, 2008 9:47 am  |  by George Dewey  |  Published in Bailouts, Big Government, Commentary, Debt, Economics, Federal Reserve, Free Market, History, Money, Obama, Socialism, government spending, inflation  |  0

While Obama is being heralded as “making the economy a top priority even before taking office on Jan. 20″ by appointing former Chairman of the Federal Reserve, Paul Volcker, as his economic adviser, the reality is that this actually sets off several more red flags.

Although Paul Volcker is often credited with having slowed and eventually ended inflation in the late 70’s and early 80’s during his tenure with both Jimmy Carter and Ronald Reagan, let’s not forget that he is, above all, a Fed guy, one who believes in fiat monetary policy, in creating bubble and bust markets via interest rate manipulation.  In other words, he does not truly understand sound economic policy and is not capable of making the tough choices which will save our economy and our country.

Even more disturbing is the fact that Volcker is very much buddy-buddy with George Soros, the wealthy billionaire socialist who has actively declared war on the U.S. dollar. And as if this were not the worst of it, Soros himself might actually be a contender as one of President Barack Obama’s advisers.

Who says you don’t get what you pay for?  George Soros has certainly proven that you can buy and pay for an election in The United States of America.

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