I remember, right after the end of WWII, the general thinking was that the U.S. would slide back into a ‘30s-type Depression.
What they failed to realize was that people had TONS of money socked away because they couldn’t buy many consumer goods. Once the War ended and consumer production began, the economy took off.
I’m thinking somewhat along those lines now, despite the debt burden. Corporations sat on their money because of obama’s anti-business policies, and now that the White House is fumigated, that money will be put to work.
Let’s not forget, the carbon tax and other BS regulations led to many household energy bills to go up 50% or much more. Get this back to pre-0bama destructive days and that is a nice small bump in spending income for every household in America.
Add in cheaper energy alternatives like coal and natural gas and everyone’s household energy bills could even be cheaper prior to Destruct-0bama. Take this times millions of homes across the US and that is a nice little bump for our economy.
CGato