Barry Sotoero

Jobs Are Obama's Job No. 1

Obama is just a special rights activist. He has never held a job. He is a community organizer and he is angry at rich people and big business. It shows in his proposed tax plans. Taxes were not created to take from rich or poor. They were created to provide public services , roads, schools, hospitals, police, fire department, social security, etc. Raising taxes on the wealthy only decreases there spending power. What happens when business do not have free cash flow, they quit spending and they cut jobs.
What we really need to do is stop all the gov't spending and give everyone who pays taxes a rebate, not those who do not pay.
In the next couple years we will see our jobless rate rise, gov't spending will soar and inflation will rise to levels never seen before. In the 70's we had inflation of 14% plus. There were no stimulis packages to cause this issue.
The Fed. has MADE over 1.2 trillion and are currently injecting it into our economy and banks. The Fed. has cut the interest rate from 6.5% to 1%, dramatically devaluing the dollar. Europe has cut their interest rate many times devaluing the Euro. China just announced a stimulis of 586B. We are going to see historic changes in the value of the dollar and other currency world wide. I just hope all of you are ready. I have said before that gold will be the only hedge to this mess. It is the original currency that all currency are based. Over the next five years gold will soar $2000oz and higher. On top all this Obama and Nancy P. are going to spend like never before and Nancy is already calling for another stimulis of 400B next year.
Who is paying for this , not the pieces of shi.. that Obama is giving tax cuts too.
So to some things up we are going to receive higher taxes a devalued dollar (causing inflation) and a soaring jobless rate. I hope our new community organizer of the Chicago hood knows what to do!!!