Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.

O.K., President Obama stabbed the working people, the poor, the elderly and the sick in the back. These are the people who elected him, and he stabbed them in the back.

Although he long has said he wants Social Security “reform” and Medicare “reform” and Medicaid “reform” (the word “reform” being a coded signal for “cut the hell out of”), his followers didn’t believe him. After all, isn’t he a Democrat, and aren’t the Democrats the party of the people?

It’s those nasty Republicans who are for the rich, not the Democrats. Right?

So it simply is not believable that dear President Obama could intentionally have lied to the poor and the unfortunate, only pretending to be a Democrat, when he secretly is a Republican or (gasp!) a Tea Partyer. Is it?

No, it must be something else, and this something else is what the unfortunate, the compassionate, the true believers now have begun to cling to: It’s called Obama’s secret plan.

The secret plan scenario goes like this: Obama really loves the poor. But in this climate, and owning only the Presidency and the Sentate, he can’t go against the powerful Tea Party and House Republicans. The mid-term election proved that. So instead, he has to play the role of sane, sensible, honest, adult, while the voters see what crazed lunatics the right-wingers are. After all, do we really want Michele Bachmann or Sarah Palin or some other fascist running our county?

Then, in 2012, all those nuts will be voted out of office, President “hope and change” once again will have his House majority to go along with his Senate majority, and this will give him the power to restore or even increase the benefits to the underprivileged. Medicare will be expanded. Social Security will be expanded. Medicaid will be expanded. Roads and bridges will be built. Children will be educated. Our food and drugs will be inspected. Our nation will be safer. Unemployment insurance will be extended. Federal spending will increase to stimulate business, and unemployment will drop.

And pigs will fly.

For you see, dear liberals, you have been scammed. You thought you voted for a warm-hearted liberal. He talked like one. He looked like one. He acted like one. But he isn’t one. He isn’t a conservative either. He’s a Chicago politician, with no moral imperative. People call Chicago the “windy city,” and Chicago demagogs always know which way the wind is blowing. And today’s wind howls, “Cut, cut, cut.” So he will cut. He’ll cut you; he’ll cut your kids; he’ll cut your savings and your health and your home.

Forget what he promised. He hopes you will. He also hopes you’re helpless. You’ll have to vote for him. I mean, are you going to vote for Newt or any of the other mental midgets on the far right? No. You are going to march into that polling booth, pull the lever marked “Democrat,” and march right back out. You always have and you always will. The whole process will take less than 1 minute, which will give you time to go home and complain about the recession. Or the depression.

He may be a DINO (Democrat in name only), but he’s all you have. I understand. I empathize. We Chicagoans elected Mayor Daley for 20 years, and even though he may have been the biggest crook in Chicago history (which is saying a lot), and left this city with a gigantic debt (which unlike the federal government, Chicago can’t pay), he was a Democrat.

So stop whining about being cheated. There is no secret Obama plan. You’re the people who fell for the lies that the federal debt is too big, and that we are on the edge of bankruptcy, and that there’s no way out of the debt ceiling other than cutting social services. And today, you’re the people who still tell me I’m wrong, when I say the deficit should be increased.

One of my readers (Thank you, Hamish) compared you to turkeys who voted for Thanksgiving. So enjoy your misery, and don’t forget to pull that lever marked “Democrat.” Gobble, gobble.

Rodger Malcolm Mitchell

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia. The key equation in economics: Federal Deficits – Net Imports = Net Private Savings