I was listening to Dick Morris last night on Hannity, and continue to be impressed with him.  For so long during the Clinton years I thought he was the political enemy, when in reality we now know that he was the catalyst to turn Bill Clinton toward conservative ideas like Welfare Reform to save his Presidency.

Last night, Mr. Morris said that he is expecting a double dip recesssion.  One where we see the current recession basically resolve itself, and the economy look like it is prospering again only to see a more severe recession in the Spring or Summer of 2010.   From the beginning of this recession, I have believed that is exactly what will happen and here is why.  Right now, we don’t have any inflation to speak of in the USA.  Yet, we just can’t run the kind of debt that the US has without inflation kicking in at some point.  When that happens (Spring of 2010?) Obama will be hard pressed to “stimulate” the economy as he will only increase inflation.  The administration will get caught in a catch 22 situation where nothing helps from the government.

So, is this really Obama’s problem and not George W. Bush?  You bet.  Obama told us we had to have the Stimulus, we had to pass the omnibus, and now we are looking at a projection of 9 Trillion dollars of debt over the next 10 years.  This President is literaly going to bankrupt the nation along with this congress.  The sad thing is that they don’t even see it coming or are choosing to ignor it to get their social programs in place.  Because of the debt, I can already say that Obama will go down as a terrible President in history.  We can’t spend our way to prosperity.

I have said it on here before, but my basic Economics class in Cullman High School in Alabama taught me all I needed to know.  With out of control debt, inflation is coming.  When it comes, stagflation potentially can set in, and we will be in for a wild ride.  

It’s time to vote into office fiscally conservative members of congress and to the Presidency as soon as possible.  I don’t care if they have a (D), (R), or (I) by their name.  It’s time we get serious as a nation about our spending problem.  Moreover, God help us if we add a Government Healthcare giveaway social program to the mix.