Not to come to his defense, but the incessant focus on Obama as the evil mastermind behind this accomplishes absolutely nothing in the way of convincing the economically illiterate on the left of the detriment brought by these policies. The fact of the matter is the Keynesianism has been the prevailing ideology of government and its cronies for the past 80 years, and Obama is only one in a long line of destructive presidents, both Republican and Democrat.
Andrew Jackson once addressed the precursor to Federal Reserve as follows:
“You are a den of vipers and thieves. I intend to rout you out, and by the grace of the Eternal God, will rout you out.” He is also on record as saying: “The bold effort the present bank (The Second Bank of the United States) had made to control the government … are but premonitions of the fate that await the American people should they be deluded into a perpetuation of this institution or the establishment of another like it.”
So why is he on the $20 Federal Reserve note? Is this some sort of a joke?