It's Basic Economics

Dear Obama,

Please take a college course in Economics before you decide to give or make anymore fiscal decisions/advice. In fact, don't just take one course. Go ahead and get an entire degree in Economics!

You tell us you're going to bail us out of the current economic rut we're in. And then you turn around and spend over 1.1 trillion (yes, trillion!) dollars on things like your inauguration, bailing corporate companies out and stimulus checks. The thing is, all this money you're getting is tax money. And all the tax money is coming primarily from the middle class people. Guess who makes up a majority of society, Obama? That's right: Middle class workers.

It's basic economics, Obama. If you do not have the money, then you cannot spend it. In personal finance terms, it's called over drafting. And if you're someone like me, an average middle class citizen, it's something that can get you thrown in jail for what's called "check fraud."

You wonder why the banks are floundering and many are going under. Perhaps it is because they don't have enough money. They cannot afford to give out anymore loans, especially to people who aren't going to pay them back. In fact, it's lending like that, like what you're calling for, that's gotten us into this current fiscal mess as it is! Just take a look at history. It's plain as day. Don't try to say the Republicans caused this mess when it's your Democratic policies from the 1980s that did this.

Speaking of history, have you heard of this thing called Keyensian economics? Yeah, that whole idea of if you spend a lot of money, more money than you have, then you'll get your economy back in order? It's only a quick fix. Keyensian economics will never work. It didn't work for Europe. Why do you think it will work for us? Sure, it's worked for the past few decades, but now look where we are. We're a politically and fiscally unstable country full of middle-class workers who are starting to get rather disgruntled.

Open your eyes, Obama. Look around you. Learn some basic economics and history. Once you do that, then you can consider talking to us about what you want us to do with our money. Until then, I highly recommend you keep your mouth shut. Obviously you know nothing about what you're taking about. Like the old adage goes, "it's better to remain silent and appear a fool than to open your mouth and confirm it."

Sincerely,
A Concerned American With Some Common Sense

PS: If you keep going the way you're going and keep attempting to tax the middle class more, you can rest assured that you're going to lose their vote in the 2012 presidential elections. Just thought I'd point that out to you.