Thursday, October 4, 2012

AMERICA IS NOT A PROGRESSIVE COUNTRY...OBAMA DEFEAT PROVES IT!

AMERICANS WILL GO BACK TO THE FUTURE WITH PRESIDENT ROMNEY...

TAX CUTS FOR THE RICH...MORE OFF SHORING...PERHAPS CUTS IN THE SOCIAL SAFETY NET...

BUT REPUBLICANS LIKE TO KEEP THEIR BUBBA BASE HAPPY...SO THE SAFETY NET MAY BE SPARED...

OF COURSE THE DEFICITS WILL SOAR...THEY ALWAYS DO UNDER REPUBLICANS...

THE REAL QUESTION IS HAS "THE SYSTEM" ...THE NUTS AND BOLTS OF THE ECONOMY RECOVERED ENOUGH TO WITHSTAND ANOTHER REPUBLICAN PRESIDENT...

THE US ...AND INDEED GLOBAL ECONOMY...ARE ON  A MORPHINE DRIP OF EASY MONEY AND ULTRA LOW RATES..."WEANING" THE ECONOMY OFF OF STIMULUS WILL BE A PROBLEM...

ADDITIONALLY...THE US ECONOMY IS ESSENTIALLY A HOLLOW SHELL...THERE IS NOTHING IN IT...  FOR DECADES THE US ECONOMY WAS SIMPLY A SERIES OF ASSET BUBBLES...WHICH "MASKED" THE OFF SHORING AND LOOTING BY INTERNATIONAL CAPITAL...

THEN THE BANKS COLLAPSED IN 2008...THIS WAS ALL EXPOSED AND A NEAR GREAT DEPRESSION WAS IN THE OFFING...

LIKELY THE WORST IS YET TO COME... AND THAT WILL BE THE BIG PROBLEM IN ROMNEY'S FIRST TERM...

IF WALL STREET DOESN'T LIKE "UNCERTAINTY" IT WILL HAVE IT IN SPADES WHEN ROMNEY TAKES OVER...AS THE US ECONOMY GOES BACK TO THE FUTURE THAT DUBYA LEFT US...BEFORE THE OBAMA "EMERGENCY ROOM" ECONOMISTS TOOK OVER...