Obamanomics and Our PHUBAR Monetary Policy

Boy, do I have a deal for you!  For just 100 large, the tenth part of a million, you can save $3,100 a year for the next ten years! But wait, there's more!  There is no need for you to spend even one red cent -- the upfront money comes right out of Obama's stash.  That's right, OPM -- other people's money! Sound absurd?  Not in the Age of Obama.  Exeter, NH recently installed a 50,000-watt solar array at their Public Works Department.  See "Beam Me Up! New Exeter Solar Array Almost Done" by Jason Claffey of the Exeter Patch.  The array will save Exeter approximately $31,000 over the next ten years.  Is that a good thing?  Oh, yes...for Exeter.  For the rest of us, maybe not so good, considering that the upfront costs were $100,000.  Yep, $3K-a-year payback on a $100K investment.  Obama's stimulus, the American Recovery and Reinvestment Act, fronted the $100K. I was so incredulous that I called the town hall and talked to the...(Read Full Article)

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