Texan~to_the-Max
New member
...taxes & business regulations? Up till now everything that has gone wrong or bad has been "Bush's Fault" according to Obama and company. But who will he fault for the 2011 down turn?
Economist have said that
1) Tax hikes from the end of the Bush Tax cuts are going to lead to reduced economic activity just like it always does.
2) Some of the current year economic activity is activity that would have been done next year, but is being squeezed in this year to avoid the tax hike.
These two things along with other Obama administration actions are going to lead to an economic drop in 2011 and a "double dip" recession.
MY QUESTION IS WHO WILL HE BLAME FOR 2011 ECONOMIC DIP?
Economist have said that
1) Tax hikes from the end of the Bush Tax cuts are going to lead to reduced economic activity just like it always does.
2) Some of the current year economic activity is activity that would have been done next year, but is being squeezed in this year to avoid the tax hike.
These two things along with other Obama administration actions are going to lead to an economic drop in 2011 and a "double dip" recession.
MY QUESTION IS WHO WILL HE BLAME FOR 2011 ECONOMIC DIP?