The Recession is Ending? No, the Hardship is Just Beginning
Why is it just beginning, contrary to the talking heads on the major networks? Well there’s (1) the fact that someone, someday (sooner than we think) will have to pay for Obama’s spending; (2) at some point, bloating the money supply will result in inflation (it always has when this is done, and the government is doing it at record levels); and (3) Obama’s new policies (which involve tax hikes) haven’t hit us yet, and new ones are coming as I write. Here’s a wonderful example of what one policy, now being pushed through, will cost the average American household — it’s a great deal — only an average $3900 — and for a good cause — global warming! I really don’t know where I’d find that much “expendable” income next year, but that hardly matters. And just wait till the Bush tax credits we’ve been use to taking on our income taxes get rescinded “just to make it fair.” Maybe I can start selling my organs on Ebay.
Tags: cap and trade, Obama
