The Obama Economy

[godoftrading]

Dick Morris has written an interesting article on what he expects will happen to the economy under Obama.

Here is an excerpt: "...In the name of short-term stimulus, he will give every American family (who makes less than $200,000) a welfare check of $1,000 euphemistically called a refundable tax credit. And he will so sharply cut taxes on the middle class and the poor that the number of Americans who pay no federal income tax will rise from the current one-third of all households to more than half. In the process, he will create a permanent electoral majority that does not pay taxes, but counts on ever-expanding welfare checks from the government. The dependency on the dole, formerly limited in pre-Clinton days to 14 million women and children on Aid to Families with Dependent Children, will now grow to a clear majority of the American population."

TheHill.com

[MichaelFrisom]

Hi All:

I think we shouldn’t put too much hope in Obama´s Government, he received a destroyed economy from Bush, I expect him to be able to recover the economy, but finally he is just an USA president

Michael Frisom

Department of Statistics

Iowa University