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Old 09-06-2011, 03:01 PM   #23
AtLast
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I predict a far more critical economic situation by the 2012 general election in which a double-dip recession occurs (within 6-8 months) and unemployment rises to depression rates or very nearly there. The influx of veterans returning from Afghanistan and not finding work will be a tipping point.

Obama will not be re-elected and a GOP administration will be eating a lot of crow because the federal government will have to apply Depression era tactics such as the WPA in order to stabilize unemployment- mainly in housing and construction sectors. There will be no other way as there will be a real threat of destabilization in our streets across the country. But this will not stop right-wing ideology continuing to grow and be more firmly in place to take down our social/entitlement programs as we come back from this crisis. There will be crisis measures taken, then "corrections" made in order for the GOP to continue on its mission to overturn any and all social programs put in place since FDR's administration.

Congress will gain Democratic seats and have a very slim majority with a GOP as president. There will not be a choice in this due to pressure from global markets and European pressure on the US as well as our being down graded further by all 3 major rating agencies due to the inaction of the present Congress during this time prior to the general.

I think that a Romney-Bachmann ticket will be elected to the Whitehouse. UGH.

I wouldn't mind being totally wrong about all of this, especially Obama not being re-elected.
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