Economic recovery?

I have heard many people say that Obama's plan is working and the country is going to be strong again. While I hope they are right because I would love to see America in a strong vibrant growing economy, I fear the opposite is going to happen. Ultimately the plan Obama has laid out is going to weaken the economy even further. The people out there who seem to blindly worship Obama will argue with me that he is the savior, and that his plan is the strongest, best possible plan out there. I disagree, right now it is the only plan out there but not necessarily the best plan.

Why I don't think it is the best plan is based on the fact of what got us into this mess in the first place, which is wanton debt, plain and simple. People bought more than they could afford at terms that were ultimately well beyond their means. It does not make a difference who's fault it ultimately was, the greedy banks, or the greedy individual. This fact resulted in prices in the housing industry being pushed up in an unnatural manner, and to levels that could not be supported. We had to keep up with the Jones' and be damned of the consequences. Well we are living those consequences now.

Obama's plan to end this situation is to spend money...money the country does not have. So how do we handle that we put our country further in debt than we already were with no plans for paying off that debt, nor the ability. Print more money and drive the value of the dollar down, raising the value of foreign currencies. Guess what as the value of the dollar declines and the value of foreign currency rises the products we consume are going to rise also. Remember we are an economy that has developed to the point that we import much more than we export, and what little we do export will be worth even less because of the strengthening of the foreign currency, so the value of our products decline on the overseas markets while the values of what they ship to us increases, and this results in inflation. We are going to drive us deeper into debt and weaken our economy even further. The rise in gas prices will seem incidental to what can happen if this continues unchecked..wages will not be able to keep up with the cost of living...driving even more people down below the poverty line. I hope I am wrong but I fear I am not