Doug Ross has an email from an anonymous M&A specialist that is a depressing read, but offers anecdotal evidence supporting what I said the other day about the economy being hobbled by Obama's aggressive agenda. From that same post, a link to more anecdotes.
I also got the term "repression" for the title here from Doug's post and he attributes it to Mark Levin. It really is the perfect word for a self-imposed economic downturn, which is what we are now in I think, or very close to entering at least. Obama and the Democrats have their share of the blame along with Republicans for how we got where we are today, but they don't own it entirely. I think the current climate of fear however, is almost entirely due to the agendas that Democrats are pursuing right now.
The general assumption is that the economy will start improving next year. I don't have a better crystal ball than anyone else, but I'm a little skeptical of that. I think we are headed into a period of economic malaise that will make Jimmy Carter look brilliant in comparison and it's all going to be due to deliberate policies enacted by Congress and President Obama. They, in their hubris, think they can impose the "correct" kind of economy on America and that all will be well in the end. That thinking is going to get their collective ass kicked in the end. Unfortunately, it's going to kick our asses first.
You would think that we would have learned by now, but so it goes.
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