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Since retiring in 2007, we typically have withdrawn funds monthly from our taxable accounts to pay for living expenses. Last year, I decid...
Saturday, September 29, 2012
Expecting Four More Years
Despite the concerns of some Obama supporters, I don't see any outcome other than President Obama being re-elected. This outcome is supported by several polls and consumer sentiment:
Forecasting the Election: Most Models Say Obama Will Win. But Not All.
Obama Widens Lead as Romney Faces Challenges
Consumer Confidence Jumps to Seven Year High
Economy's Worse But Obama Favored to Fix It
With his re-election, Obama has stated he will continue with his current economic policy. Therefore, I also expect four more years of the same results: economic malaise, high employment, and increased government deficits. In addition, I expect taxes to go up signficantly for all, leading everyone, not just the rich, to bear the pain of four more years.
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This is not financial advice. Please consult a professional advisor.
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1 comment:
Watched some (I can only handle so much) of the debates last night. I have a feeling that taxes will be going up no matter who is elected.
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