Depends who get elected? And whose policies really work for helping the economy.
Whoever wins? It is going to take years for us to recover from this "Depression." Yes, Depression. They call it a deep recession to keep the American people calm. We have a huge hole to climb out of. I just hope they do not dig deeper.
Business investment is depressed because businessmen, dealt heavy blows in the first two years of the Obama administration, lack confidence in the federal government's future policies. Consumers are not borrowing because they too have little confidence in the near future and are still retrenching, i.e. paying off debt, driving cars longer, staying put rather than moving to a new house, foregoing vacation travel, preparing for the punishing taxes and inflation they believe Washington's recent policies are steering their way. The FRB is moving toward QEIII, but unless those two sectors are willing to borrow the new phoney money it will have no greater an impact than the first two. Attitudes have to change before the economy can change. Given their rap sheet, Obama and his demwits should be running far behind in the polls. That would do it. The retardicans are so inept and unresponsive to the American people, however, they have done no better than pull even. There is no economic confidence to be had from this scenario.
If Romney wins the election with a strong congress to pass some saner legislation for a change, business will ease open the throttle and earning consumers will start to feel they may find a better future ahead. If not, there will be no abatement of their defensive postures, and the American economy will not recover its health any time soon. We have to wait until the first week of November to answer this question.
There is currently nearly two trillion dollars sitting on corporate balance sheets as of now. Capital investment is on strike as a result of the enhanced regulatory burden and higher tax rhetoric coming out of washington. If the President gets relected and backs of his stances, which he'll likely do once he is done rallying his base for the election. Or if Gov Romney is elected, they'll likely be an explosion of capital investment, but not until then. If the President is relected and follows through on his rheotric, then we'll continue to see limited capital formation. There is simply no reason to commit to any sizeable capital expenditure when it will just be taxed and regulated away. Time will tell. The reality is the corporate America is in great shape. It's the Govt's balance sheet that is a mess. The corporate balance sheet is the only thing that can fix the Gov't balance sheet through economic expansion. And the simply won't happen until companies are incentivized to deploy capital.
by fishskinfreak2008 8 years ago
http://news.yahoo.com/s/nm/20100129/bs_ … sa_economyThe question as always is: can this level of growth be SUSTAINED?
by lady_love158 8 years ago
http://www.huffingtonpost.com/dan-dorfm … 67131.htmlThe action by the Fed to counterfeit a trillion new dollars will make the rich richer and the poor, poorer. Inflation will spark, your savings already earning nothing will be worth less, your paycheck will buy less, and everything will cost...
by tobey100 7 years ago
Glad you asked but, the loss of confidence and associated distrust is not only in Obama but in many of our national and cultural entities such as the media, colleges and universities, and numerous, if not all, government agencies. Why, you ask again? The postures and policies of this...
by TheManWithNoPants 6 years ago
How open are you to a MAJOR change in American politicsIf we want to change washington, we have to change ourselves first. We have to change our expectations. We have to raise them. Washington's results mirror our expectations, and polls show we don't expect much.
by crankalicious 4 months ago
A crazed lunatic walked into a newspaper in Annapolis yesterday (June 28) and murdered five people.Should we be celebrating?After all, President Trump tweeted in February that the FAKE NEWS media was the "enemy of the American people".Now, some of those enemies have been vanquished.Is...
by Susie Lehto 2 years ago
It has been under reported by MSM, but Donald Trump has always supported the LGBT community. Some of Trump's greatest online supporters are members of the LGBT, and are activist. At one of his yuge rallies, Trump was given a rainbow flag by some of his supporters at the rally. ...
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