Bernanke Contributes To Obama's Reelection Campaign

Helicopter Ben is extending "Operation Twist" through the end of 2012 to the tune of an additional $267-billion. For those interested in a financial explanation of what that means, read this.

Here's what it means in plain English: The federal government's deficit and debt machine has another short term lease on life, i.e., the can is being kicked down the road at least beyond Presidential election day. It also means the Fed is running short on ways to keep interest rates at near zero -- barring, that is, more blatant money printing which, mark my words, will come sooner rather than later.

When it does, the stock market will go up lead by financial equities as banks open the lending flood gates just enough to float the economy, enabling Maximum Leader Obama to say -- in late October -- that he's finally fixed the economy: "We've weathered the worst of the storm. Full speed ahead!"

And the economy will be fixed, temporarily, that is if Helicopter Ben provides a big enough splash. Of course, after Obama surfs Ben's wave to reelection, it will crash on the beach as it runs out of energy. Then a rip tide will grab hold and it's back into the doldrums for Obama and the rest of us.

The only way out of this endless loop of waves, crashes and rip tides is for the Washington parasites to print more and more money, i.e., make a bigger and bigger splash, which Helicopter Ben will attempt to do. This, of course, will create an eventual hurricane surge of price inflation which the official parasitic statisticians will not see. But you will, and you'll feel it as well.

Bernanke will see it and he'll try to hold the ocean back...and if he's successful this dangerous wave will recede until... ...until who knows?

Does anyone else feel that we're living through the pages of Ayn Rand's Atlas Shrugged?