Saturday, November 3, 2012

A 2nd Obama Term?

Well it's just a couple short days before we elect a President of the United States

I hope the level of contentiousness subsides early and I hope it's because Mitt Romney has an overwhelming - stunning victory - a surprise mandate and loud repudiation of the governing style of Harry Reid - Nancy Pelosi and Barack Obama. I hope

But if it doesn't happen. If President Obama wins a second term....

Be prepared for life with a second term...

Obamacare

Full implementation of the Health Care Law means with it we will begin to see rationing. Already kidney transplant procedures have changed to discriminate against elderly. More doctors will retire then enter medicine and it's likely that medical colleges will see declines in enrollment. Medical Insurance costs will go up and your private medical information will become part of the Government's database.

Cap and trade and Fuel Costs

You can already hear the repeated "global warming" cries coming from Al Gore and the radical left. A second term President Obama won't get congressional approval for new legislation but he doesn't need it. He can simply use the EPA as he has to ratchet up the regulation and continue to increase fuel cost

Supreme Court

Impossible to predict but interesting to consider. If we swap one liberal judge for another - no big deal. But if  the court drifts further left it has decades of affects.

Debt

The President's own budget office predicts he will oversea an increase in the national debt to $20 trillion. That means

Unemployment

More Americans are going to be unemployed with the combination of Energy job losses and jobs that will be exported out of the US to avoid the expense and effect of ObamaCare. It's inevitable.

Inflation & Currency

With 4 more years of a weak economy it's conceivable that a 2nd Obama term could avoid severe inflation because employment will be so weak but one thing is for sure. Eventually the debt will have to be repaid and the only way a government can do that is to inflate the currency - increase taxes significantly or a combination of the two.

Miscellaneous


After 4 years of declining birth rates during the President's first term I'd expect that trend to continue. Couples will be reluctant to bring children into this economy. Who can blame them. My guess is that means an increase in abortion and the continued likelihood of future generational conflict in the US's future. At some point young people - with too many old mouths to feed and too little income to do it with will have to make changes

Go Mitt Romney



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