Yes, less than two years to figure out not only what's going on but what you're going to do about it. I'm talking about the Presidential elections and the opposing forces that are digging in.
Despite my innate upbeat outlook on life including the future of the world, there is lurking some pretty ugly stuff. To be specific: new laws related to Obamacare and the envoronment will start to roll out, hitting both business and the general public.
No one - at least those of the general public - knows how devastating the impact will be financially, primarily, on the middle class. Funds will move from one set of people to another. I'm not talking about taking from the rich and giving to the poor. I'm talking about losses that will impact the middle class to be passed on to others in the middle class, the lower class as well as the upper class.
We are going to be hearing a lot more about this class struggle. And, it's a shame because many in the lower class eventually move on up while others in the upper or middle classes move downward. It's all very fluid.
Remember, if it's free, it was taken from someone else. The government is only as rich as what they take from YOU and ME.
These new laws (Obamacare and the environment) will cause a cut back on capital investment. Job creation has been exaggerated in the past and it will get worse because businesses will be paying for these new governmental regulations rather than for job creation.
Currently, the government is reporting about the lower unemployment rate. They do not, however, factor in those who are not participating in the job market. Job participation is at the lowest since the 70's. This means that the real unemployment rate is about 11%.
Then, many of those who are employed will be getting cut back to 30 hours per week. Can you blame a small business owner? I can't.
I'm just spouting off here a couple of things that bother me immensely. I'm trying to learn all I can from reliable sources and I'll be taking some action well before the elections.
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