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Obama and Reagan: Mirror Images, Mirror Ironies

The coming inflation will eat away any dollar gains the low and middle class gain in wages, if there are any gains in wages. With the labor market no longer in tight supply will wages rise? Law of supply says no. Thus the inflationary impact will be felt most by th every people O says he's going to help. THere is a fixed cost for some things without which one cannot reasonably do - electricity, gasoline, food, housing. As the prices for these things rise, they will claim more and more percentage of the poor and middle class income. SO how does a $3 trillion injection (before the velocity effect even takes effect) help the poor and middle class exactly? This is perhaps the "mirror" - O believes the best way to hep the poor and middle class is to take action that will reduce incentives to invest, work, and grow a business. Regan believed the opposite. I was only in high school during Regan's first term, and college during the second, but I do recall that both houses of Congress were controlled by the opposition party, thus Regan was handicapped in what he could accomplish for tax policy. Nevertheless, there has NEVER been a nation who taxed themselves into prosperity. As Abraham Lincoln said, and it's just as applicable today, "there are too many pigs for the teats".
Obama delenda est.
Remeber the Cole.