Saturday, September 29, 2012

Expecting Four More Years

“Insanity is doing the same thing, over and over again, but expecting different results.” ~ attributed to Albert Einstein

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.

For more on Reflections and Musings, check back every Saturday for a new segment.

This is not financial advice. Please consult a professional advisor.

Copyright © 2012 Achievement Catalyst, LLC

1 comment:

K. W. Callahan said...

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.