I found this article above pretty much on-the-mark.
Regarding Consideration 1: I heard on TV this morning that Obama’s political advisers are telling media that
Obama/Democrats WILL definitely allow tax cuts to expire at the end of 2010.
So what does this mean? We’ll be getting a tax increase without any legislator voting on the issue. It will be automatic. This is ALL tax brackets! (Change back to the way things were, I guess. )
This next year 2009, use and excise tax will be enacted, instead of income tax increases applied on “only the rich.” Already the feds are planning a 10 cent per gallon gas tax increase. What’s going to happen in Feb 2009, when OPEC who controls 40% of oil cuts production again —Iran being the biggest cutter—because the Dec 2008 meeting cuts didn’t produce results? Pair
this OPEC cut with Obama/Democrat fed gas tax increase, plus the states will follow this reasoning for sure.
Obviously, Reagan supply side didn’t get through these thick, totally ignorant heads at all.
Start storing food, gas in your backyard shed, stuffing your matresses with gold coins, hunker down for the L-O-N-G haul and hope for REAL CHANGE in 2012.
Voters have only themselves to blame.