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Better economies favor incumbents & a better economy in 2012 will work in Obama's re-election favor. I optimistically expect lower gas prices, a lower unemployment rate, higher employment rate, and increased housing starts.
While I expect a minimal lowering of gas prices, I believe the unemployment rate will be in the mid to high 8's still, w/ many American's coming back into the workforce. Housing will be stabilized, and the market(s) will be under a much more stable footing.
Gas prices, I think, will go up again. This is nothign different than what we say years ago. Just like when gold started dropping in price in recent times, there were people that thought the gold run was over and yet it's going back up again. Don't put the cart before the horse, people. The true measure of our economy is the price of gold. If it continues to remain as high as it is, then that means many many investors do not have confidence of a good economic outlook
Worse. Our government is doing NOTHING to stem the spending of money we don't have.
We're paying $900 billion in interest alone..and it might even be closer to a trillion thanks to Bernanke and his printing money.
We're already seeing a big hike in taxes here, and there's no base for a new economy. NAFTA and the deals with China are still there, jobs are still being sent out of the country. It's not as though they can really start up the housing bubble again and pretend we have some housing industry.
We're already seeing a big hike in taxes here, and there's no base for a new economy. NAFTA and the deals with China are still there, jobs are still being sent out of the country. It's not as though they can really start up the housing bubble again and pretend we have some housing industry.
What I would love is to have a real economy. Not an economy based on flipping burgers, bank telling, and selling houses to each other
I agree things are shaping up well. I suspect there is a little stimulus money to be spent in the next year. if they raise the margins on the oil speculators the price should fall, too.
Quote:
Originally Posted by Gary Siete
Better economies favor incumbents & a better economy in 2012 will work in Obama's re-election favor. I optimistically expect lower gas prices, a lower unemployment rate, higher employment rate, and increased housing starts.
We're already seeing a big hike in taxes here, and there's no base for a new economy. NAFTA and the deals with China are still there, jobs are still being sent out of the country. It's not as though they can really start up the housing bubble again and pretend we have some housing industry.
What big tax hike? You mean the school tax increases that voters in Canutillo ISD ($300/yr) & Socorro ISD approved last night?
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