Your Predictions for Obama's Presidency
11-07-2008, 08:38 AM
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Your Predictions for Obama's Presidency
Give your predictions for the following items. Feel free to add any that you believe are important.
1. The Economy.
2. Taxes.
3. Size of Government.
4. Gun Rights.
The Economy:
I believe that under Obama's Reign the US economy will stagnate or worsen; Uber Recession or Depression. Not his fault, as he inherited a mess.
Taxes:
Under Obama's watch, taxes will increase, hand outs will skyrocket, causing a net loss of revenue for the federal gov't.
Size of Government:
If Obama gets his way, the size of the federal payroll will increase by at least 25%.
Gun Rights:
The "Assault Weapon" Ban, et al will become law. Heavy federal restrictions will be enacted.
1. The Economy.
2. Taxes.
3. Size of Government.
4. Gun Rights.
The Economy:
I believe that under Obama's Reign the US economy will stagnate or worsen; Uber Recession or Depression. Not his fault, as he inherited a mess.
Taxes:
Under Obama's watch, taxes will increase, hand outs will skyrocket, causing a net loss of revenue for the federal gov't.
Size of Government:
If Obama gets his way, the size of the federal payroll will increase by at least 25%.
Gun Rights:
The "Assault Weapon" Ban, et al will become law. Heavy federal restrictions will be enacted.
11-07-2008, 08:51 AM
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The Economy:
I think we will see a mass exodus of large business that does not need to be in the US to continue their product. In this day and age of the intrawebs, you do not need to be in one location to sell your wares anymore, and I think this will come to light when we lose a lot of our manufactures to different countries due to the taxes.
small businesses will need to lay off workers due to higher taxes, and possibly scale back sales as it will not be productive for them to try to make as much money as possible now, since it will just go to the government now.
unemployment will jump up and inflation will follow.
I think we will see a mass exodus of large business that does not need to be in the US to continue their product. In this day and age of the intrawebs, you do not need to be in one location to sell your wares anymore, and I think this will come to light when we lose a lot of our manufactures to different countries due to the taxes.
small businesses will need to lay off workers due to higher taxes, and possibly scale back sales as it will not be productive for them to try to make as much money as possible now, since it will just go to the government now.
unemployment will jump up and inflation will follow.
11-07-2008, 08:55 AM
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Economy: I believe that the economy will continue to worsen and that we have no where near seen the worst of it
Taxes: Taxes will go up for mid to high earners. Obama hasn't said for sure what the income cap will be for those that will actually benefit from a tax break, so I predict that those that make 80-100K and above/year will experience a tax hit.
Govt: Govt. spending as well as the overall size of government and its power will increase dramatically. Who knows, this could turn out to be a good think, although I doubt it.
Gun Rights: Our gun rights will slowly be stripped from us.
As you all may be able to tell, I'm still a little bitter about this election. Although, I'm happy for the guy (Obama) and I wish him as well as our country the very best.
Taxes: Taxes will go up for mid to high earners. Obama hasn't said for sure what the income cap will be for those that will actually benefit from a tax break, so I predict that those that make 80-100K and above/year will experience a tax hit.
Govt: Govt. spending as well as the overall size of government and its power will increase dramatically. Who knows, this could turn out to be a good think, although I doubt it.
Gun Rights: Our gun rights will slowly be stripped from us.
As you all may be able to tell, I'm still a little bitter about this election. Although, I'm happy for the guy (Obama) and I wish him as well as our country the very best.
11-07-2008, 08:59 AM
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The Economy:
I believe the economy will stabilize(but not go back upto 2006/2007 levels). Obama if anything is not stupid and he knows that to get re-elected he has to at least mitigate the issue. Odds are we will cut military spending and use the surplus in 'grassroots' social programs... ie, targeted homeowner assistance, welfare, tax credits for people making less than 35k
Taxes:
fortunately obama is going into office with a massive deficit and a **** economy so he cant start doling out funds like a democrat with full control of congress normally would. i think single people making over 50k and couples making over 100k will probably see an increase in their net tax burden. thankfully they can realize losses on their investments to offset the burden
Size of Government:
size of the overall gov will go up, but spending level will stay the same thanks to reallocation of funds away from iraq.
Gun Rights:
no change
I believe the economy will stabilize(but not go back upto 2006/2007 levels). Obama if anything is not stupid and he knows that to get re-elected he has to at least mitigate the issue. Odds are we will cut military spending and use the surplus in 'grassroots' social programs... ie, targeted homeowner assistance, welfare, tax credits for people making less than 35k
Taxes:
fortunately obama is going into office with a massive deficit and a **** economy so he cant start doling out funds like a democrat with full control of congress normally would. i think single people making over 50k and couples making over 100k will probably see an increase in their net tax burden. thankfully they can realize losses on their investments to offset the burden
Size of Government:
size of the overall gov will go up, but spending level will stay the same thanks to reallocation of funds away from iraq.
Gun Rights:
no change
11-07-2008, 02:39 PM
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The Economy:
I think we will see a mass exodus of large business that does not need to be in the US to continue their product. In this day and age of the intrawebs, you do not need to be in one location to sell your wares anymore, and I think this will come to light when we lose a lot of our manufactures to different countries due to the taxes.
small businesses will need to lay off workers due to higher taxes, and possibly scale back sales as it will not be productive for them to try to make as much money as possible now, since it will just go to the government now.
unemployment will jump up and inflation will follow.
I think we will see a mass exodus of large business that does not need to be in the US to continue their product. In this day and age of the intrawebs, you do not need to be in one location to sell your wares anymore, and I think this will come to light when we lose a lot of our manufactures to different countries due to the taxes.
small businesses will need to lay off workers due to higher taxes, and possibly scale back sales as it will not be productive for them to try to make as much money as possible now, since it will just go to the government now.
unemployment will jump up and inflation will follow.
11-07-2008, 03:12 PM
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The Economy - going to get worse before it gets better. Not due to Obama's policies but simply because of the nature of economic cycles
Taxes - Will go up for those making over 250k per year. To not hold his promise in this department would be political suicide. This is a necessary, and good change. Estate and capital gains taxes will also increase.
Size of government - Won't get smaller, but will not explode any more than with McCain. Health Care will be the biggest increase
Gun control - No idea.
Taxes - Will go up for those making over 250k per year. To not hold his promise in this department would be political suicide. This is a necessary, and good change. Estate and capital gains taxes will also increase.
Size of government - Won't get smaller, but will not explode any more than with McCain. Health Care will be the biggest increase
Gun control - No idea.
11-07-2008, 03:16 PM
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I also remember Bush 41 saying "no new taxes" and look what happened there.
I believe in a year or so we will get the "I have looked over the budget and there is no way for us to come out of the economy from the past presidency but to raise all taxes." speech.
11-07-2008, 03:17 PM
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1. The Economy will stay in the ****ter for at least 2 of his 4.
2. Taxes will explode, its already going that way
3. Size of Government will be same but spending will go through the roof except for NASA
4. Gun Rights will be stripped, which is bull****
5. Biden promises additional money for NASA but will actually strip away as much as he can for #3
In my own personal no sources opinion, Obama won florida becuase of all these bs promises (via Biden) for keeping and expanding nasa jobs, even though the shuttle program is about to be cut. With jobs cuts it would affect floridas economy as the space shuttle launches help with tourism. Now that he won florida and is president elect he will not come through and all of the people that had a little hope of keeping their positions through the transition will now still lose their jobs.
2. Taxes will explode, its already going that way
3. Size of Government will be same but spending will go through the roof except for NASA
4. Gun Rights will be stripped, which is bull****
5. Biden promises additional money for NASA but will actually strip away as much as he can for #3
In my own personal no sources opinion, Obama won florida becuase of all these bs promises (via Biden) for keeping and expanding nasa jobs, even though the shuttle program is about to be cut. With jobs cuts it would affect floridas economy as the space shuttle launches help with tourism. Now that he won florida and is president elect he will not come through and all of the people that had a little hope of keeping their positions through the transition will now still lose their jobs.
11-07-2008, 03:26 PM
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I have no idea about any of them. But to be fair, I had the same expectations for McCain as well.
Talk is cheap, but in a sense of working with all government factions, I think Obama is the better candidate for it. Realistically, I think most of you are being overly pessimistic. You may all be right about the direction things will go, but I don't think it will be as bad as the extent that you mention.
None of us have a crystal ball, and that includes all of the professional annalists and pundits.
Talk is cheap, but in a sense of working with all government factions, I think Obama is the better candidate for it. Realistically, I think most of you are being overly pessimistic. You may all be right about the direction things will go, but I don't think it will be as bad as the extent that you mention.
None of us have a crystal ball, and that includes all of the professional annalists and pundits.
11-07-2008, 05:23 PM
#13
This thread is great. I predict that if Obama doesn't fix the mess Bush made, then the republicans will say that the democrats are the ones who screwed up the country.
My prediction is that nothing will get done in Washington. The final day of the race had the McCain camp throwing all sorts of mud at Obama. That kind of scorch earth tactic, even if it works, is bad for the country. It polarizes the two parties (which it already is) in such a way that any agenda is hard to push through, any compromise on a middle ground is harder to reach. The attitude is: "one of us is right, so the other must be wrong." Instead of "we have different ideologies about how to run this country." It is like if I wanted chicken for dinner and my GF wanted pork , instead of chalking it up to us having different tastes, shes a crazy a$$ b!tch for wanting pork and she's probably going to Eff up the chicken if she cooks it. That's the spirit of uncompromise and cynicism that we have and it is on both sides.
Frankly, I think this country is screwed and there are loads of other problems we haven't even talked about yet.
My prediction is that nothing will get done in Washington. The final day of the race had the McCain camp throwing all sorts of mud at Obama. That kind of scorch earth tactic, even if it works, is bad for the country. It polarizes the two parties (which it already is) in such a way that any agenda is hard to push through, any compromise on a middle ground is harder to reach. The attitude is: "one of us is right, so the other must be wrong." Instead of "we have different ideologies about how to run this country." It is like if I wanted chicken for dinner and my GF wanted pork , instead of chalking it up to us having different tastes, shes a crazy a$$ b!tch for wanting pork and she's probably going to Eff up the chicken if she cooks it. That's the spirit of uncompromise and cynicism that we have and it is on both sides.
Frankly, I think this country is screwed and there are loads of other problems we haven't even talked about yet.
Last edited by Jabberwocky; 11-07-2008 at 05:42 PM.
11-07-2008, 07:03 PM
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Taxes:
fortunately obama is going into office with a massive deficit and a **** economy so he cant start doling out funds like a democrat with full control of congress normally would. i think single people making over 50k and couples making over 100k will probably see an increase in their net tax burden. thankfully they can realize losses on their investments to offset the burden
fortunately obama is going into office with a massive deficit and a **** economy so he cant start doling out funds like a democrat with full control of congress normally would. i think single people making over 50k and couples making over 100k will probably see an increase in their net tax burden. thankfully they can realize losses on their investments to offset the burden
i do agree with you though, the man is not dumb and will want another term in office. the popular vote wasn't quite the landslide that the electoral votes were, and I think that could change next time around if he does anything too radical.
11-07-2008, 09:14 PM
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Americans should be used to being told about tax cuts and then getting **** on. Did you think McCain was going to fix the budget by expanding the war effort, buying up home loans, and cutting taxes? Get real.