Upper-income Americans may face a tax increase. Auto fuel economy standards might be raised. Stocks of construction and engineering companies could benefit. America's decision to re-elect President Barack Obama over Mitt Romney will affect all that and other elements of the U.S. economy and financial system - from the health care law to the overhaul of financial rules. At the same time, a gridlocked Congress will limit Obama's influence. Tuesday's election kept Republicans in control of the House. Democrats still control the Senate, but without a commanding majority. Here's how Obama's re-election could affect key sectors:
Wrong! People will keep their money in their pockets. No new cars, no remodeling of the house, no college for the kids. The housing sector will sink deeper than it already is. Illegals will self-deport and cost the Democrats the 2014 elections. Corporations, who have trillions of dollars off-shore to avoid punitive US corporate taxes, will keep them out of the US and not use them to create US jobs. Companies will reduce workforces and convert them to part-time consultants to avoid Obamacare penalties. Many Corporations, sick and tired of the shifting political winds in this country, will by the stroke of a pen, incorporate in Bermuda, or Dubai, as Halliburton did. By the way, isn't it interesting that we never hear any nasty things about Halliburton since they moved their corporate offices from the US?
In addition to what #2 said, many small companies were hanging on hoping that business might improve after the election. They now know it will not and will be closing up shop. No sense throwing good money after bad. The country now belongs to the freeloaders. I hope they enjoy it.
More nonsense about winners and losers in the economy and what Congress must do to help with an economic recovery.
Obama does not want a recovery. He wants power. He intends to rule. Perhaps reign is a better word. And the poorer and more helpless the general population the more he can do that with force and edict.
The ONLY sector of the economy that will boom under a second NØbama administration will be guns and ammo sales.
I did my fair share and bought some 30-06 ammo today. Plan on buying as much 30-06 and 45 ammo as possible over time, but not so much at any one time to get on the government's radar.
Of course, that will only last until NØbama signs that UN treaty that bans us from owning firearms. He will sign that the day after he flips one of the conservative Supreme Court seats to a radical, anti-gun lie-beral. That will be the day the Constitution becomes a list of ''suggestions'' that was written by a bunch of old racist white men...
Very good #2. I'm with you except for the second part of your fourth point. By then more people will be on welfare and there will be more handouts. Obama will have found a way to bring in more illegals and they will add to the welfare roles. Even fewer will be voting conservative.
The GOP better not sit on their haunches, thinking success falls in their lap once Democrats fail! This election proved that no matter how badly they mess up, millions of Americans STILL refuse to vote for the current dilapidated , clueless Republican Party.
The good news is that many Obama voters and states that voted for Obama will be the first to feel the effects of Obama.
All those left wing journalists, pundits, news anchors and actors WILL see their taxes go up.
Virginia will see an immediate cut in defense spending. Likewise Washington. Ohio, Pennsylvania and Virginia will see coal production plummet and manufacturing cut. Michigan wont see Detroit "come back". Many like myself will never own a GM or Chrysler product ever again.
California will be the first state, followed by New York, Illinois and Michigan over a financial cliff......and the government doesnt have the dollars to bail them out. More business will shift to the red states and the wealthy will relocate to lower tax states. There is already an exodus out of California and New York.
The poor pitiful poor will be the first to discover that their is a TAX for not having healthcare, and most of us will be paying more at the Doctors office. Energy will increase causing the cost of EVERYTHING to go up, which will affect the poor hardest.
And WHY the GOP hasnt been hammering basic economics to the electorate for the past 4 years mystifies me.
Obama is running from Obamacare to his zone of strength and core value: class warfare. Democrats are geniuses at playing on group identity. When I ask friends what principles lead them to vote Democrat, it is a hard question for them. After a baffled pause, I often hear this: "Republicans are the party of the rich." It is said as if that is all that needs to be said: not like me, exploiting people, bad for the country. Not my party. As the liberal Howard Dean says, many Republicans "have never made an honest living in their lives." Democrats have
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A “presidential selfie” featuring President Barack Obama, British Prime Minister David Cameron, and Denmark’s Prime Minister Helle Thorning-Schmidt at Nelson Mandela’s memorial service began making the rounds this morning, but it’s the person not included in the frame who caught everyone’s attention: As anyone with two eyes and a Twitter account has noticed, Michelle Obama does not appear amused. Of course, though a picture says a thousand words, not all of those words are necessarily true. FLOTUS might not have even known the photo was taking place. Or she could disapprove of funeral selfies. Either way.
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