Quote:
Originally Posted by oki
im proud of you americans today. well done.  i didnt think you had it in ya.
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I suggest you save your congratulations.
America just voted for a protectionist president...and he has a substantial majority in both houses of congress. The first economies to go south will be Mexico, followed by Canada. Then comes Europe, and Asia Pacific.
A confis***ory tax policy, along with even more regulatory oversight of private businesses, will result in driving more businesses into bankruptcy. As the prices of goods and services increase to cover increased taxes, and expenses, people will buy less. The dollar will shrink, making imports to this country even more expensive. Union bosses have a friend in Obama...and you'll see, as almost their first order of business, national card check legislation, which eliminates the private vote in unionization, (meaning it will be easier for unions to use the violent strong arm tactics they're famous for)...more unions, more costs to companies, higher prices, inflation ramps up, the dollar shrinks further, and down we all go.
Europe's patch-work economy is already on the edge...you guys can't afford what is about to happen in this country. I'd apologize, but you've all been cheering Obama on from day one. Now you get to share in the results of this election.