Obama won’t get a 2nd term. The fact that these tax increases are baked into an economy that is already faltering absolutely guarantees higher unemployment. The lousy GDP figures in the revised estimates for the 1st quarter show why UE rose despite the “good” (though fraudulent) numbers. Now, with guaranteed tax increases, businesses won’t be hiring as much, and many will begin to lay off workers again. There will be a sense of malaise not seen in this country since Carter was in office, with similar results. Obama is just a poser, with no clue as to how to steer an economy or be a leader, and both these negotiations and the future course of the economy will prove it beyond a doubt to everyone except a few Kool-Aid drinkers that worship him.
The ironic part is that this would likely have happened to anyone who was President this term. We’ve spent like there’s no tomorrow until...now there really isn’t a tomorrow to speak of. The entire world is crushingly overburdened by debt, and the only 2 ways out are default or hyperinflation (default after making EVERYONE with paper assets broke). For once in his charmed life, Obama has stepped into a steaming pile...so at least there will be a little joy in Mudville when this arrogant poser gets his butt kicked. All that’s needed is someone on the Republican side with more charisma than McCain or a tree stump (take your pick).
“All that’s needed is someone on the Republican side with more charisma than McCain or a tree stump (take your pick).”
I would vote for a steaming pile of dog crap over Chairman Maobama.