A quick post today. Below is a link to an interview with Peter Schiff. Whether you agree with Schiff or not, he does point out some real common sense reasons why things will get worse under our present government. Go read it. It is short and a fast read, maybe 2 minutes.
A Tough Year Ahead for the U.S. Economy?Some highlights:
"...the economy will continue to deteriorate beneath the surface. The unemployment picture won't improve. We will continue to lose manufacturing and production jobs. The trade deficit will continue to expand. The savings rate will continue to fall. The budget deficits will get worse. Prices will be creeping higher for commodities -- particularly food and things of that nature. The dollar will be losing value, gold will be rising -- it's not going to be a pretty picture."
"The Obama administration is attacking capital formation and attacking profitability of small businesses by increasing the cost of running a business. By increasing taxes and regulations on small business, they are diminishing the ability of businesses to offer employment opportunities. ... The only way we're going to get real job growth is if we dismantle much of the government impediments already in place that are making it less likely that businesses will expand and be creative. Unfortunately, all the things that Obama is doing right now are so destructive to small business, and so the jobs are going to disappear."
Keep November 2010 in mind, folks. Get involved now.
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