Comments on: Divining the future: the letters game http://firsttuesdayjournal.com/divining-the-future-the-letters-game/ Wed, 08 Feb 2012 04:44:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Keith Morrison http://firsttuesdayjournal.com/divining-the-future-the-letters-game/comment-page-1/#comment-48725 Keith Morrison Tue, 17 Nov 2009 22:57:49 +0000 http://blog.firsttuesdayjournal.com/?p=1925#comment-48725 The article misses the fact that begining January 1, 2010, President Bush's tax cuts end and as a result, there will be $1.4 TRILLION in NEW TAXES and if the so called HEALTH CARE BILL PASES, according to the HERITAGE FOUNDATION, there will be at least 1.5MILLION jobs lost in the FIRST 6 MONTHS. If the so calle CAP AND TRADE (commonly known as the CAP AND TAX BILL) passes, there will be approximately 2.5MILLION jobs lost within the FIRST SIX MONTHS OF PASSAGE as well according to the HERITAGE FOUNDATION! Plus all of the additional TAX INCREASES that the CURRENT ADMINISTRATION wants passed will also increase the number of jobs lost. In fact, according to the HERITAGE FOUNDATION, the current NATIONAL UNEMPLOYMENT RATE is closer to 17.5% than it is to the administration's 10.2% unemployment rate! When you add the projected INFLATION to the economy because of ALL OF THE BORROWING for the current administration's "special projects", many economists predict inflation will run as high as 20% by 2015 and, based on history (in 1983 because of President Jimmy Carter's recesion) President Reagan had to increase interest rate to the point real estate loans were averaging 10% higher than the inflation rate (in 1983 inflation was at 13%!) Therefore, if the economists are correct, we could see real estate interest rates reach 30% before inflation is controlled because of what this current administration is doing to this country! The article misses the fact that begining January 1, 2010, President Bush’s tax cuts end and as a result, there will be $1.4 TRILLION in NEW TAXES and if the so called HEALTH CARE BILL PASES, according to the HERITAGE FOUNDATION, there will be at least 1.5MILLION jobs lost in the FIRST 6 MONTHS. If the so calle CAP AND TRADE (commonly known as the CAP AND TAX BILL) passes, there will be approximately 2.5MILLION jobs lost within the FIRST SIX MONTHS OF PASSAGE as well according to the HERITAGE FOUNDATION! Plus all of the additional TAX INCREASES that the CURRENT ADMINISTRATION wants passed will also increase the number of jobs lost. In fact, according to the HERITAGE FOUNDATION, the current NATIONAL UNEMPLOYMENT RATE is closer to 17.5% than it is to the administration’s 10.2% unemployment rate!

When you add the projected INFLATION to the economy because of ALL OF THE BORROWING for the current administration’s “special projects”, many economists predict inflation will run as high as 20% by 2015 and, based on history (in 1983 because of President Jimmy Carter’s recesion) President Reagan had to increase interest rate to the point real estate loans were averaging 10% higher than the inflation rate (in 1983 inflation was at 13%!) Therefore, if the economists are correct, we could see real estate interest rates reach 30% before inflation is controlled because of what this current administration is doing to this country!

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