Friday, November 9, 2012

Sssshhhhhhh, don’t tell the media…… It’s all Coinky Dink N’ Stuff….. Dontchaknow !

CBS hid the fact that Dear Leader denied Terrorists attacked the compound in Benghazi…. The media hid the fact that our nation was dropped from the Global Prosperity rankings.…. The Administration also hid the fact that a U.S. Drone came under attack from Iran before the election….. So hush, hush, nudge, nudge, wink, wink…. Better keep this a secret too. Mmmkay?

The election is over, and now the economic future can be predicted with increased certainty; Hence, decisions can be made. So yesterday…… Energizer laying off 1,500 employees now. Boeing announcing massive defense sector layoffs. Pepsi Co announces it is laying off 4,000 employees ASAP.
Forty Five Private Sector CEO’s are now first up to announce their plans - number crunching mode - post-election:

Westinghouse announces massive layoffs. Research In Motion announces US layoffs and moves operations to Canada. US Cellular announces urgent reduction in employee ahead of end of quarter close. Commerzbank lays off employees and closes operations. Iberia Co announces layoffs. ING Co. files public notification of layoffs. Ericsson announces reductions to labor force in advance of Obamacare implementation. Kroger Supermarket chain eliminates Full Time jobs and reduces hours for all employees. Bristol-Myers sends lay-off notices to employees.
Corning Co. presents reduction in labor force plan. Boston Scientific Corp announces layoffs by end of year. Abbots Labs reveals plans to reduce labor operations ahead of Obamacare implementation. St. Jude Hospital Corp sends announcements of labor reductions to employees ahead of holiday season. Caterpillar announces plant closures and permanent layoff plans. Lightyear Haqwker and Hawker Beechcraft announce severe labor cuts.

The Stock Market has dropped 500 points…

The Dollar has dropped to it’s weakest point in last 3 years…..

Harry Reid just promised to make the national Debt $19 Trillion for THIS YEAR’s debt ceiling increase…..
……and the Worst Yet…… Obama says he’ll use “Carbon Taxes” to pay down deficit
.

And we’ve only just past 48 hours.

Federal deficit as a percentage of GDP

Unfunded Obligations (compared to prior historical bailouts) Treasury, CBO, GAO

Under current law, the costs of Medicare, Medicaid, and Social Security will rise substantially. If this spending is maintained through federal income tax, tax rates will more than double, even for the lowest tax bracket. (CBO Analysis)

Increased Tax Rates Necessary to Maintain Current Entitlement Spending