08-18-2009, 04:06 AM
<b>The Worst is Yet to Come</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->The Obama administration continues to subsidize the weak sectors of the economy and punish the healthy sectors to pay for this largess. It is an unsustainable pattern. Furthermore, many of the worst aspects of his policies have not yet kicked in, and when they do, the damage will be severe.
First, we have to realize that the trends of mass layoffs had to end, albeit temporarily. Bankrupt Wall Street firms and General Motors already have shed huge numbers of workers and are having a lull, as the government bailout cash has stabilized these outfits â for the time being. There still are healthy firms out there, but they wonât be healthy for long, as the government is going to punish any company that is profitable with higher taxes, more onerous regulations, and other wealth-stunting.
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First, we have to realize that the trends of mass layoffs had to end, albeit temporarily. Bankrupt Wall Street firms and General Motors already have shed huge numbers of workers and are having a lull, as the government bailout cash has stabilized these outfits â for the time being. There still are healthy firms out there, but they wonât be healthy for long, as the government is going to punish any company that is profitable with higher taxes, more onerous regulations, and other wealth-stunting.
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