The President Yes We Can was in Elkhart, Indiana yesterday giving a speech to terrify and confuse the simple minds of this great nation. Mish published his speech here.
The comedy of this event is that Elkhart is the RV construction capital of the world. It's a study in an economy based producing goods that leave the region and provide local income. But because of the policies of the Fed and the Treasury, we are going to have massive inflation. At the same time Pres. YWC's Energy Secretary wants to increase the cost of gas to European standards. How's the RV industry going to survive if gas costs what it does in Europe? He's giving a speech and supporting an economic policy that all but assures RV's are a thing of the past. That is audacious indeed.
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