Absolutely!
The Democrats are guaranteed to fail. They have done all the very things that will throw this into a deep depression. This is identical to what FDR did in ‘36. WW2 is the only miracle that came along to rescue his legacy.
Only this time, American spirit, morality and patriotism are almost completely gone. We are in the last stages of societal decline.
This is interesting.
The US economy was making a slight recovery during the Great Depression when FDR decided to raise taxes. As the top tax rates went from 63% in 1935 to 79% in 1936, the unemployemt rate went from 21.7% in 1934, to 16.9% in 1936, to 19.0% in 1938.
Same thing with Hoover in 1932. Taxes in 1931 were at 25%. In 1932, Hoover pushed them up to 63%. While unemployemnt was 8.7% in 1930, it shot up to 23.6% in 1932.
At the same time, government spending more than doubled from $3.3-billion in 1930 to $8.2 billion in 1936.
Obama will probably be limited on any tax increases in the next year, but watch the significant rise in federal spending. Maybe 25% of GDP, or more.