We NEED More Stimulus!

Bloomberg News (10/21, Hays, Willis) reports, "Nobel Prize-winning economist Joseph Stiglitz said today the US needs more fiscal stimulus to aid the economy and that more unconventional monetary easing by the Federal Reserve would do little to spur the recovery." In an interview with Bloomberg Radio, Stiglitz said, "What we really need is a second round of stimulus. If you gave money to the states they would be able to keep those employees; those employees would then be able to spend money."

Is this guy really serious?  What is with all these so-called economist?  At this point, I have lost all respect for the Nobel Foundation.

My first point is this... you don't fix over spending and irresponsible fiscal policy by spending more money.  Common sense (although it doesn't look to be very common anymore) would be to cut spending!  Isn't that what any other family or business had to do to make it through the Great Recession? 

Why does the government (Federal Reserve... which isn't Federal) and their economists feel that the only way to economic prosperity is to print more money?  All this is doing is tanking the US dollar and making the super rich richer and the poor poorer.  At this point I'd like to say that they are all a bunch of numbskulls.... but they know what they are doing.  They are systematically tanking our currency.

Point number two... the Nobel Foundation gave President Obama the prize when he wasn't even in office yet for a year or whatever it was.  So I'm sure he wasn't the "peacemaker" of the year.  That was just plain goofy.

But now you want to give a Nobel prize to an economist that endorses economic policy that has actually caused and will continue to cause more financial unrest and stress on the people of this nation and the world?  Something just doesn't make too much sense here... just who's agenda is the Nobel Foundation pushing?

My advice... get your gold and silver while you still can and at a good price.  We're going to need it!