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It will be Obama as President we get a recession to a depression, with higher taxes and protectionism?
Michael Barone wrote yesterday: "Raising taxes when the economy is weakening is not the medicine prescribed by the economy Keynesian, and this is probably not what Obama's economic advisers would prescribe if they were starting from scratch today. That is what Herbert Hoover and Congress did in the early 1930s, and has helped produce the Great Depression. But he is baked in the pie. So is a slide toward trade protectionism. The breakdown of the Doha Round and the refusal of the House Nancy Pelosi to bring the Colombia Agreement Free trade a vote means that both channels and multilateral and bilateral trade liberalism are clogged. Obama may or may not try to renegotiate NAFTA, like Canada and Mexico governments are center-right satisfied with current arrangements. But the trend will be toward less free trade. "Will Obama returns to the Great Depression?
I do not know about the Great Depression, I hope not. I am old enough to remember what President Jimmy Carter did to this great country, it has almost completed the America as we know it. Iran has been holding our hostages and we openly ridicule. Other nations have no respect for us. Inflation was so high my sister had to sell his gold jewelry alternative to get money for the university. I remember long lines for gasoline and fights occur. My family knew the owner of a store of gasoline less a mile from my house. I remember he would call us right before the gas is reached if we had a chance to get fuel. My dad, mom, brother and sister have all workers trying to make ends meet. My father and my brother worked in steel mills with a decent salary as steel mills were still profitable. My sis had a summer job (college) and my mother worked in a hospital. Our clothes were worn, but well kept. We had a rusty old car for my dad and bro to drive to work and the other car was a year old was more marquis.It our good car. I look back now and see how we currently have. I am now in the medical domain owner my wife practice.y own is capable of being a mother to stay home for my children who are now in private schools. We have two Mercedes in 2004, 2007 years we live in a great neighborhood. I am so confused why people say that we so badly. Obama plans are very similar to Carter.
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