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The next four years for America look bleak. It’s not so much a new dawn as a new dusk. And with 50 months left in power, President Obama, his hands tied by a Republican-controlled House of Representatives, is a lame duck already.

He was re-elected despite a majority of voters thinking the economy is on the wrong track. And with tax rises that could wreck recovery due on January 1 – the so-called ‘fiscal cliff’ – experts fear a recession here in 2013.

The most sensible policy – which a Romney administration would have pursued – is deficit reduction. Instead, the second Obama term will increase the deficit, further diminishing America’s economic power and credibility.

Read more: http://www.dailymail.co.uk/debate/article-2229512/New-dawn-T...
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Washington observers speak of the incompetence of the Obama administration – not just its ability to waste money, but also to target funds so badly. There is very little to show for the $787billion fiscal stimulus of 2009.

t the Democrats are well aware that the pumping of federal money into corporate bail-outs and infrastructure projects in declining regions is the key to creating a state clientele that keeps voting them back into office.

The administration is already devising stealth taxes to help pay for the bribes it wishes to offer the coalition of minorities that comprise its supporters. Some will corrode the core of American self-reliance, such as taxes on any substantial capital gains made from house sales.


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The UK Daily Mail 'nails it'.....

4 more years of incompetence and driving the US into financial Armageddon.


t
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