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"It is axiomatic that a president who screws over half the population of the country in the most personal way cannot be regarded tenderly by history. By in effect imposing a massive tax increase disguised as health insurance cost increases, after promising that health care costs would go down, he risks what I have dubbed the Obamacare Recession hitting the country hard next year. Families are going to have cut spending on all sorts of discretionary purchases, and restaurants, hard goods producers, housing, and almost all other sectors of the economy are going to be hit hard"
Read more: Blog: Common Core third grade book goes full Dear Leader on Obama
There can be no doubt that the above will prove to be true. When the government demands so much more of your personal income (with you getting nothing in return) the effect it will have on the economy is obvious.
Fewer dollars in circulation to buy goods and services. We will all be hurting. And, the Democrats cannot call it the Bush recession any longer. They own it entirely.
The rest of the above linked article will make you just as sick.
Last edited by nononsenseguy; 11-28-2013 at 04:20 AM..
"It is axiomatic that a president who screws over half the population of the country in the most personal way cannot be regarded tenderly by history. By in effect imposing a massive tax increase disguised as health insurance cost increases, after promising that health care costs would go down, he risks what I have dubbed the Obamacare Recession hitting the country hard next year. Families are going to have cut spending on all sorts of discretionary purchases, and restaurants, hard goods producers, housing, and almost all other sectors of the economy are going to be hit hard"
Read more: Blog: Common Core third grade book goes full Dear Leader on Obama
There can be no doubt that the above will prove to be true. When the government demands so much more of your personal income (with you getting nothing in return) the effect it will have on the economy is obvious.
Fewer dollars in circulation to buy goods and services. We will all be hurting. And, the Democrats cannot call it the Bush recession any longer. They own it entirely.
The rest of the above linked article will make you just as sick.
What gets me is the American people have been so dumbed down they'd elect Obama for a third term if they could.
So that is what passes for education in America today? Wow, just wow.
Beyond that ... There were eight recessions in the second half of the 20th Century. There have been two recessions in the 21st Century so far, one starting in 2001 and the other starting in 2007. That means we're due for six more over the next 37 years, and that the next one is statistically due within the next five years. "Predicting" something practically destined to happen is silly.
My wife is in the process of trying to sell her flowershop business.
During recessions(2001 & 2007-2010) it takes a big hit and I have to finance it through my other businesses.
I have retooled my business to a specific market(high end) and not trying to get everyone to bite, by working off low price & volume.
I learned that during recessions, my business drops in specific markets but stays steady in the highend market place.
My wife is in the process of trying to sell her flowershop business.
During recessions(2001 & 2007-2010) it takes a big hit and I have to finance it through my other businesses.
I have retooled my business to a specific market(high end) and not trying to get everyone to bite, by working off low price & volume.
I learned that during recessions, my business drops in specific markets but stays steady in the highend market place.
Unless and until such a time as Obama and friends realize their dreams of draining every last penny from your high end customers through taxes,fees and surcharges.
Shame on YOU for depending on the "evil rich" to run and grow your business. You should be put up for a public flogging at the least!
Who are the "evil rich"? Well, anyone who has more than the person with less of course... Silly!
With interest rates near 0% and the Fed pumping $80 billion a month into the system the US has no tools to deal with another recession and it would hit us full force.
The Fed has already mentioned this concern in one of their meetings.
Unless and until such a time as Obama and friends realize their dreams of draining every last penny from your high end customers through taxes,fees and surcharges.
Shame on YOU for depending on the "evil rich" to run and grow your business. You should be put up for a public flogging at the least!
Who are the "evil rich"? Well, anyone who has more than the person with less of course... Silly!
I have to say, I have never been hired by a poor person.
With interest rates near 0% and the Fed pumping $80 billion a month into the system the US has no tools to deal with another recession and it would hit us full force.
The Fed has already mentioned this concern in one of their meetings.
Obamacare, new regulations and restrictions, none of that will do as much damage to us as the two things you've mentioned.
This constant QE is killing us slowly but surely. Let's see how happy everyone is when the music stops and everyone has to find a seat.
I have to say, I have never been hired by a poor person.
True enough! But,but,but you're part of the prooooobbbblllllem! Catering to the "rich" and not shunning them.
(you do realize I've been in sarcasm mode right?)
With interest rates near 0% and the Fed pumping $80 billion a month into the system the US has no tools to deal with another recession and it would hit us full force.
The Fed has already mentioned this concern in one of their meetings.
Ron Paul is right. The entire system has to hit bottom, without artificial bandaids, propping it up.
Only then will the ship right itself. The money bubble has been created since the fed was formed and really accelerated when it took over the world monetary system.
A morgan dollar, still buys the same amount of goods as it did the day it was minted.
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