With the Cap & Tax bill and the Helthcare “Reform” tax bill looming, with the “energy independence” bill leading us further into energy dependence, Algore claiming – correctly – that cap & tax will lead to a world governance (Tyrannical socialist) it is no wonder that the US businesses and consumers are still hunkered down and not spending.
What industry will be the next to be nationalized? Maxine Waters already threatened in a congressional hearing to nationalize the oil and gas business. They have already nationalized banks, Ford & GM, they have healtcare squred up in their sights. They are probably trying to find a way to either take over WalMart or drive them out of business.
The pharmacuticals are running scared – they agreed to cut their price by 50% to all seniors the Medicare Part D does not cover.
When US manufacturers cannot compete because of Cap & Tax, even with the 2009 version of Smoot Hawley and because of the card check bill – they will be “stimulated” = just look at the banks and governemnt motors to see how that plays out.
I don’t believe Obama Reid Pelosi and company will be satisfied until their gross desrtuction of the capitalist American economy is complete and their brand of marxist socialism is in place.