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Showing posts with label 2010 prediction for economy. Show all posts
Showing posts with label 2010 prediction for economy. Show all posts

Saturday, September 25, 2010

So? The rich are upset about the expiration of tax cuts?

Those of us in the majority, just trying to hold on to our middle class life style, are at a overwhelming disadvantage.  When we get angy and upset about the politics of our very existence all we can do is vote.

We can vote only once, while the rich vote many times with their dollars.  Those dollars buy lots and lots of votes and it takes a lot of regular folks to vote to overcome the power of the almighty dollar.

I hope that those who voted for Obama will remember the Greedy Ole Party and how they got us into this mess we are experiencing.  Perpetual wars, a very slow economy, no jobs, no hope, savings gone, homelessness rampant is not the fault of a President who has been in office less than 2 years now.

Republicans have told us what they plan to do.  Cut government, cut spending, privatize Social Security all in an effort to "fix" things.  My question is, why didn't they do that when they were and the majority and had plenty of money and power to do positive things.  Nope, they chose war and the Wall Street Banks as the beneficiaries of their largess.

2011 will be bleak indeed.

Tuesday, November 17, 2009

Big Pharma rears it's ugly head---Again

After big pharma committed to help control costs and won concessions in the health care reform process, they went back on their word. They lied to Americans. They have continued to raise prices on brand name drugs, some of which, people cannot do without.

They are doing the same things the banks are doing, raising everything they can, moral or not, legal or not, in anticipation of changed regulations . 2010 will be the year from hell for the following reasons:

1. Back-breaking national debt causing inevitable tax increases
2. Unemployment up and sustained above 10%
3. Commercial real estate foreclosures and defaults
4. More people becoming seriously ill due to lack of insurance-rate hikes for those with
5. Health care and hospitals leaving small communities decreasing rural availability
6. Increased food prices due to farm foreclosures, weather and banks not lending
7. Increased personal bankruptcies
8. Decreased consumer spending
9. Higher gas prices
10.Increased local taxes with decreased services in Police, Fire, Schools
11. More wars in the destabilized Middle East
12. Crushing debt owed to China
13. Further destabilized currency-the dollar

These are just the obvious, there are many more. There are NO fixes, no checks on corporate abuse of consumers and the whole house of cards is going to collapse worse than we have seen yet.

Have a nice day and call me Pollyanna.