The masses are not deluded.It is the US Federal Reserve who are the culprits in the most monumental legalised theft in our history.They do it through the fractional reserve banking system,whereby 9 times can be loaned out to the ratio of one productive dollar.Inflation eventually destroys savings,jobs and businesses.When deflation accurs the large corporates then go about buying up cheap assets.

They have every right to be angry and the Govt should reduce it's taxes.Kevin Rudd should do likewise instead of increasing our debt.
The socialists just don't get it and probably never will.The free market was never allowed to operate.It was perverted by a totalitarian banking system.Socialism will not save you!

It is true, that american neo-conservatives can look you at your eyes and tell you that the black is white!
Is not it enouph that neo-conservatives destroyed the international economy, that they created huge problems to American people?
American people are not idiots.
Do you remember, in Bush's days, more than 89% of americans believed that the country was moving to the wrong direction ?
Now, with Obama, American people change mind!
According tou AP Poll After Obama's 100 days, US on right track
The "right direction" number is up 8 points since February and a remarkable 31 points since October, the month before Obama's election.
http://news.yahoo.com/s/ap/20090423/ap_on_go_pr_wh/us_obama100_days_ap_poll

According to The Wall Street Journal Obama "is more popular than ever, Americans are hopeful about his leadership, and opposition Republicans are getting drubbed in public opinion, the new Wall Street Journal/NBC News poll suggests."
http://online.wsj.com/article/SB123612000246123253.html

According to FORBES "Two weeks prior to Obama taking office, a Zogby Interactive survey showed "right direction" at 14%. The phone survey also reported that 60% approve of how Obama is handling the economy"
Do not take your wishes and dreams as realities! Woke up!
Antonios Symeonakis
Adelaid

*American people are not idiots.*

Err that is highly debatable :)

Twice they voted for George and Dick and of course George
and Dick drove the US economy right into a ditch.

Now they are complaining when Obama has to hire a tow truck
to get it out!

Can I suggest that the author and the other 'oh so clever' here; Clownfish, Yabby and mikk, go to The Atlantic website and read the article by Simon Jackson "the quiet coup" for an insiders take on the mess we are in.

You guys are arguing for more of the same. Maybe the teabaggers, conservatives or not, are the ones proposing real change.

Try to think for yourselves guys and not be so damned parochial. There is more at stake than the performance of your favorite horse.

Arjay, have you read Steve Keen at Debtwatch? Particularly #31 'The Roving Cavaliers of Credit'. An argument which qualifies your position somewhat. I'd be interested in your take on this. Thanks. P.

Palimpsest,Steve Keen summed it up very well.Also a good analysis.Is Kevin listening?

Bernanke has doubled the supply of money in 4 mths in the US.It has yet to fully reach the consumer.The banks have been hoarding money waiting for deflation then buy up cheap assets.This is why Ron Paul wants to audit the Fed Res.

The Govt issues bonds to the Fed Res{ie debt],the Fed then loans the money to the govt who in turn give it to the Fed to distribute through the economy.All done on computer of course.Now the Fed who now have their Govt debt money does not have to tell Congress where it has gone! The people should be screaming bloody murder from the roof tops.Ron Paul now has 88 co-sponsors[congressmen] who want to audit the Fed.The money should be flowing now so they can have a steady measureable reponse.The Fed could release too much all at one go and this will be a disaster.

If they continue creating cyber money hyper inflation will totally destroy the US economy.