Obama supporters have got it exactly right. (On Monetary policy.)Submitted by Apple on Thu, 11/08/2012 - 08:04
Obama supporters see the banking and corporate elite getting welfare in the form of bailouts, QE and subsidies in the trillions. The Elite welfare is now at a minimum of $85 billion a month in FED buying from these entities at super inflated prices MBS and Treasuries. Without this welfare the Corporate elite would be bankrupt overnight.
Obama supporters hate this and don't think that's fair. Nobody disagrees with that sentiment, whatever your political leaning is. RP supporters want the same thing but their way to stop this unfair looting is a Gold convertible US Dollar to prevent this type of welfare.
Obama supporters are deploying a different method to even out the playing field. I call it the, "If you can't beat them, join them monetary policy." If you are going to print money, which they are. Then, where is my printed money. If the corporate and banking elite are getting a minimum $85 billion a month, then the 330 million Americans should get at least that much a month for themself, if not more.
Therefore, I put forth a new monetary policy. Every American citizen, man, woman and child, should get and demand at least $300 a month ($99 billion a month). Obama has the right idea. Not only would the economy improve, it makes perfect sense. Either nobody gets welfare, or everybody gets welfare. It's only moral.
If a stock splits, do you accept your shares? Same concept.