Democrats = Stagflation

President Obama has appointed Janet Yellen, President of the San Francisco Federal Reserve Bank, as Vice-Chairman of the Federal Reserve. I'm really trying to not be critical of everything that Obama does, and I'd like to give him the benefit of the doubt- I mean, after all, a banker is a banker, right? It shouldn't matter which President of which bank he nominates, right?

But decisions have results, just like elections have results. When you or your friends or your family voted for Obama and other Democrats, they put in place the people who choose a banker such as Yellen. Here is what she recently said:

She is considered one of the most "dovish" members of the central bank's policymakers, meaning she is seen to lean toward policies that will boost growth and promote employment rather than those aimed at keeping inflation at bay. ...

A top-flight economist, she has warned of "undesirably low" inflation and the prospect of a prolonged, sluggish recovery for the U.S. economy.

"Even with my moderate growth forecast, the economy will be operating well below its potential for several years," Yellen said on February 22. "If it were possible to take interest rates into negative territory I would be voting for that."

Yes, she seriously would make interest rates negative if possible- that means that she would give out money that the government doesn't have for free and then pay people for holding that money. This is what passes for 'top-flight economists'? My little 5 year old can reason and think and understand economics better than that.

Decisions have results though, and in the real world, the results from a Fed that gives away money for free to anyone is inflation. The Democrats anti-business policies (increased taxes, regulations, bureaucracy, unpredictability, and verbal assaults on business) will lead to stagnation. The results of the elections of 2006 and 2008 are clear.

Inflation + stagnation = stagflation.