Tuesday night dealt a major blow to America. It was such a large blow that I expect a completely different country then the one I grew up in. Some may challenge this outlook but I dare them to look at what is happening within just a few days of Obama's reelection.
Companies like Pepsi, Ericsson, US Cellular, Bristol Myers, St. Jude, ING, Iberia, Caterpillar, Boeing, and many more have already declared they will have to lay off employees. Why are we having these mass lay-offs? Simple, incoming taxes, with one of the largest being Obamacare.
Michelle Malkin wrote a great article warning of these massive layoffs. The amazing thing is that even Yahoo is acknowledging that taxes will be raised in an article written before the elections What you won't see, however, is any of this get laid at the feet of the President who has actually said he would veto any bill that reached his desk that didn't include a tax increase. In fact, this same article states that the President has vowed to raise taxes on the top wealth owners to almost 40%. Now I am no tax scholar and so I would appreciate help on this but isn't that just covering federal tax? What about coupling that with things such as the fact that California voted to raise taxes on those making $250,000 a year? That just seems a bit much, especially when we need the job creators to create jobs.
What I see coming is higher unemployment. However, I also think we might see these numbers manipulated just a bit. Call me cynical, but I think the powers that be will try to protect the President as much as they can. Why would they do this? Because if things happen the way many are predicting, we will see that Obamanomics doesn't work and the GOP will clean up in 2014. Of course, that will depend on if they can figure out that the reason they lost was not because they don't look like Democrats but the fact that they don't look like Republicans, you know, the party of small government.
I expect another uprising from the American people.
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