How is Obama trying to help rich people? and Paul is ok, but he believes the free market can govern its self, and doesn't believe in regulation. Regulation is good for things like food, air, water airplanes etc. Paul wont even get the nomination from his party. Its gonna be Romney or Perry. I personally think Perry, and if its them I believe Obama will wrap up a victory. Perry is an idiot.
He may not be trying to help rich people directly, but in his and Congress' attempt to help the poor, they're making it worse. The massive spending is financed largely by the Fed. How do poor people benefit by brand new money landing in the hands of the bank and corporate interests first, being used up before it gets to the people who actually need it? The poor are left with the same amount of dollars they had before, while being forced to deal with higher prices. Education and healthcare are less affordable now than they ever have been, so how are ask no questions federal student loans and massive government expenditure on healthcare helping the poor?
All of the easy credit created by the Fed artificially drives interest rates down and sends false signals to the market. Those low rates cause malinvestment from entrepreneurs and businesses because they see those low rates as incentive to undertake projects/ventures that now seem more profitable. The problem with that is the consumer hasn't signaled they're going to alter their spending in favor of future consumption (by increasing their savings). In short, there's a disconnect between future consumer demand and business ventures as they are completed, resulting in failed projects, layoffs, higher unemployement, ect....Those "idle resources" are created by the very thing (stimulus) that's continuously being implemented to try and get them going again.
You wanna talk regulation? Okay, let's regulate the hell out of the Fed.