Stagflation in an Obamanation

Obama will lead us into stagflation worse than Jimmy Carter but we are going to have stagflation under any of the major party choices for President. The debt in this country makes it inevitable but it will be worse if the Keynesian’s get in and try to create a social state with new taxes and government printing presses.

Obama’s Excremental Economics – CWN

The key elements of Senator Obama’s proposed economic policies, as in
the New Deal and the stagflation of the 1970s, are much higher taxes,
along with a pervasive increase of business regulations and price
controls in healthcare and energy (which sharply depress business
activity and employment rates), full-frontal embrace of labor unions
(which will push up wages and benefits to levels deterring profitable
expansion of industrial production), and massive new government
deficit spending (which will accelerate the already dangerously high
rate of inflation and devaluation of the dollar). Carried out as he
proposes, Senator Obama’s polices will lead us into the swamp of
stagflation.