The next President of the United States will face challenges the Obama team spent its economic arrow on with the January 2009 stimulus package and years of trillion dollar plus deficit spending and Federal Reserve quantitative easing. A group of 41 economics recently said they anticipate 2013 unemployment to be 8% while the nation's public debt deepens.
The Obama economic team seems to have signed off on the age of fracture existential do-your-own-thing style of hands-off management. If the nation were to re-elect Barrack Obama and continue the same policy that is a sure loser (the selling point is the Reaganomic maxim that increased growth and increased tax revenues would balance the Federal budget in a decade or so) they would probably get what they deserve.
The trouble is that even Mitt Romney would have a difficult time transforming the national economy and federal budget right away to a rosy scenario. Romney might be able to perform much better at economic management since that is his strength rather than Mr. Obama's homosexual, middle class reinsurance and foreign Moslem revolution community organizing skills. Certainly the Democrat party would have someone to blame the next four years as the debt continues to increase yet at a slower pace.
The down side of course are the externalities to the national job and security picture that aren't at all addressed by the happy valley Sunday crowd monkeying around with the American Dream while planetary ecospheric and demographic catastrophes continue to build.
No comments:
Post a Comment