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The Inconveinent Truth

With all the “stimulus” (read political paybacks) floating around few talk of the incredible inflation these policies will create. And yet Obama wants to add yet trillions more in “stimulus”? The only result of the pork-filled stimulus package will be …. massive inflation.

From the St. Louis Federal Reserve:

St Louis Federal Reserve Money Supply

St Louis Federal Reserve Money Supply

You can’t create trillions of dollars without causing inflation and devaluing the currency. What’s worse, the “stimulus” won’t accomplish anything positive for the economy, it’s only goal is to spend pork — most of the spending doesn’t even happen this year. So why rush it? Only so the political operatives can pay back campaign people quickly.

Thanks to Glenn Beck for finding this chart.

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