It has become a minor cliche that B.O. is running for Jimmy Carter’s “second term,” but having lived through Carter’s first term I know exactly what that means. Stagflation.
In fact it will probably be worse than that. Seventy percent of our economy depends on consumption (”consumerism.”) Much of that has been financed by debt, and the debt has just about been maxed out. We just may be facing a depression. So how will B.O. handle that?
I guess the new one world government isn’t working out dang.