Obama’s rigid adherence to collectivist policies will have devastating effects on our economy. There are no jobs right now because of his assault on the free market concept in the form of threatened, super-expensive health care mandates, energy taxes (cap and trade), and further tax hikes on businesses by letting the Bush tax cuts expire. He is one of the most anti-business Presidents in the history of our country. Business owners will continue to sit on expansions and hiring until they have some idea what damage Obama and the Democrats are going to do to the marketplace they have to compete in. You cannot hate and attack the employer, but ‘love’ the employee. Newsflash to Obama and the Democrats: employers CREATE the jobs! Not you, the Government. Not from some magic place that just makes jobs ‘appear’.
Here’s a predictive outlook for an economic nosedive in 2011: The Coming Crash of 2011
After reading and analyzing this article, I would put money on this outcome occurring unless the 2010 elections clean Democrats out of the House and Senate and Republicans (hopefully) put up an effect blocker to Obama\Reid\Pelosi collectivism.
Even then, it still might be too late to avoid much of the effects of multiple tax raises, nationalization/collectivization of our economy, and more deficit creation from our Roman emperor who just wants to spread bread and circuses to placate the masses (like when he was a community ‘organizer’).