By: ltfbhh

ltfbhh — Fri, 09 Nov 2012 18:23:00 +0000

I have a degree in economics, but it doesn’t take a PhD to see what will happen. We have already lost thousands of jobs in the few days since the election as a direct result of its outcome. Now that ObamaCare is here to stay, many increased taxes and costly mandates will take effect. Employers will be forced to lay off employees or cut their hours to reduce their costs. Many have already done so. That will put less money into the economy and add to government spending as these people now have to go on welfare. The taxes set to increase on Jan 1. will also take money out of the economy and cost more jobs. These increased taxes will not decrease the debt or government spending because fewer people will be paying in and more people will be taking out of the government pocket. Debt and spending will continue to rise. Obama will try to offset this by growing government. He will make more government jobs (most of them going to underqualified minorities), which cannot be sustained except by increased borrowing- also adding to the national debt. There is no recovery from this path of self-destruction. It will eventually lead to total financial collapse. I honestly believe this is the Obama Administration’s goal, because it will allow them to come in and take total control of the country and its people, establishing a totalitarian communist regime from which there is no escape. Their goal is clearly not to help the people. It is to CONTROL the people.

By: rivahmitch

rivahmitch — Fri, 09 Nov 2012 15:32:00 +0000

Actually, Bozo could make that (3%) happen by releasing his stranglehold on American fossil fuel development but he won’t because his goal has always been to destroy our way of life and standard of living. His plan to turn us into a pathetic bankrupt third world country is succeeding beyond expectations.

Comments on: Magical 3 percent growth just around the corner

By: ltfbhh

By: rivahmitch