How will Barack Obama as president affect YOUR business?

I agree - - - Obama has a way of making everyone feel good . . . at least everyone who doesn't have a clue how a country's economy really works. Those who do are getting a sinking feeling in the pit of their stomachs.

Personally, I think his policies will result in wild inflation, the same or worse than Jimmy Carter's double digit days. This is because Obama believes that government is the solution when it's the actually the problem. He believes that the government can stimulate the economy and create jobs, etc., by borrowing and/or printing money and injecting it into government do-good projects and/or by giving it to the unethical financial and industrial wizzards who created the problem in the first place.

The only real solution to the economy is innovation and continually increasing production combined with ethical financial policy (i.e., don't spend more than you make, reward innovation and increased production and penalize non-producers). You'll notice that these factors are missing from government operations, and in fact government does the opposite.

Despite any temporary economic surge that may result from Obama's feel-good soaring rhetoric (which he is admittedly very good at), the government can't continue to borrow and/or print money in the trillions and give it away to people who are criminal and socially irresponsible and expect things to get better. That follows the classic definition of insanity (doing the same thing over and over and expecting a different result). Otherwise, the government could just give everyone a computer, a printer, a stack of paper and tell them to print up however much they need every morning.

Big government borrowing and printing money is not the answer. Won't work. Never did, never will.

---- Hugh