Here’s what the election will cost you in the next year. This is based on what we know about the plans President Obama and the Democrats have as priorities. This is the best we can do in sorting out the “change” platform. We know nothing about either Obama or his platform. We only know who he has big debts outstanding with, and this will focus on those we can safely assume he can’t dodge.
1. Card check will happen. Unions will make inroads into every business. Maybe yours, if you run a business. They can go house to house and pressure over 50% of your employees to sign up, and bingo, you are a union company. This will raise wages, not a bad thing, but it will make us less competitive in a global economy where we are already not competitive. Manufacturing will continue to decline. Jobs will be lost.
2. Cap and trade will be put in place. This will raise energy costs across the board by a minimum of 50%. The money you pay as a consumer for energy will go to the creation of more government jobs and to scammers who claim they are reducing carbon emissions. The United Nations is the referee for Europe and it’s totally out of control.
3. Increased taxes on business and dividends will take the stock markets down further.
4. Doubling the minimum wage combined with the union activity will heat up inflation.
5. We will make zero progress in energy independence. We will fall further behind with more environmental protection.
6. Increased government spending will put more pressure on taxes. The need to raise taxes will grow beyond the promises.
7. The economy will not absorb all of this. Our government now owns $1.8 trillion of private equity in U.S. businesses. There will be a need to sell at least another $2 trillion in debt raised and paid by foreign countries, private parties, or by printing more money.
8. The reduction of free trade will infuriate China. They may bail on their investments in our country.
9. This is the so-called Perfect Storm. Sorry, President Obama, your ideas just didn’t fit the times. By 2111, your approval rating will be below W’s at the low tide. Don’t despair, Hillary is waiting in the wings.
10. President Obama may still get re elected with the country on the brink of failure. If you pay enough people enough money with entitlements they will vote for you.
Ninety eight of the African Americans who voted, voted for Obama. Sixty five of the Hispanics voted for Obama. The majority of white Americans voted for McCain. With demographics changing in the U.S. , we may never have a white president again. Especially, if we become so socialistic that the dole rules the election.
