June 1, 2012
On the dysfunctional state of the U.S. economy…
The real question is, how does this get fixed? And it’s becoming apparent -- has been apparent to me all along, it’s becoming apparent to more and more people by the day -- that it isn’t going to get fixed with Obama in the White House. It just isn’t going to get fixed. If you think it’s bad now, just wait ’til the remaining 60% of his agenda gets implemented. Remember, health care was timed to be fully implemented [in] 2014. Long after Obama’s theoretical final election, which is this year, 2012. It starts the full implementation schedule in January of this year with massive tax increases -- personal income tax increases, capital gains tax increases. Meanwhile, a shrunken U.S. private sector will continue to shrink as Obama will hijack it. Obama’s already-passed legislation will begin to take even more out of the private sector. When you raise taxes, when you increase regulations, you take money out of the private sector. And more of that is on tap. This is as good as it gets, with Obama.