Friday, November 9, 2012

- I Have This Sudden Fear...

I have this sudden fear. If Obama's animating principles really are far left radicalism, then I'm afraid he might really see himself as having been given a mandate, and he'll use it as an excuse to do something that the markets will view as suicidal.

His antipathy to private enterprise is hardly a secret. And I'm concerned that he'll try for a BIG second term issue that none of us see coming. Something that could only be proposed by a politician who understands nothing of economics or business. Some kind of real headline grabber from deep in the weeds on the radical left.

Maybe an across the board 25% tariff on Chinese goods, or pulling out of NAFTA by executive order, or maybe a penalty for 'failure to repatriate foreign earnings' equal to 150% of the earnings themselves. Something where the top line effect would look great to the unions and the far left, but the secondary effects will be disaster.

I just have a sinking feeling....

16 comments:

ikaika said...

If he did pursue this, No doubt it would test the mettle of the Senate.

I wonder how far they'd let him go before Checking and Balancing?

Too many K-streeters with lunch on the line for full boat destruction and it would require more than an Executive Order.

The House could stand aside and allow the Senate to reign in el Presidente, but it would be impossible to blame the leftward action of the Executive on the Republicans.

A hard-left move would hurt the Democrats more than the Repubs.

ikaika said...

update:

it is possible if you can frame a national disaster around the necessity...

chess... we're toast!

Tom said...

The VAT was always a big 'holy grail' for the left. And since it's customizable, (more on energy, less on ... I don't know... malt liquor)

I'm thinking that could be it.

chess said...

They won and it is what it is. The fiscal cliff would serve no purpose for really anyone. I say this as a single never married no children person whose only vehicle is a 7 yo F-150.. There really isnt a person onthis earth that can live any cheaper than me. My life -after dealing with hundreds of people everyday for 25 years now defines recluse. Last year my total miles driven was under 2000 miles. Yep. 2000. I have almost no use for society and Im sure that its vice versa..
So I say this with 3 board certifications under my belt - we cant cliff it.. if its 60/40 tilted to the dems then s be it. They won and to the victor goes some spoils. We cant lose and still want 50/50.
I believe we will know fairly soon if this was the "event horizon" for America. I think we get there but its a matter of when...Im just sad....

chess said...

i agree with Tom on the VAT but itl be layered.? progressive...I beleievs theres a book out that says BHO will tax the suburbs to flow that $$ to the cities. If a county/suburb doesnt then matching funds for anything willl be held back.BHO blames my white ass heading to suburbs for the demise of the cities. He is goin to make us pay some pain for that exodus from concrete hell we calla city.

ikaika said...

they are hooting and hollering about "Clinton Taxes".

I say let them try to apply Clinton Taxes when no one is hiring and GDP is turning negative.

Put a fork in it!

RFNJ readers should give the a collective "Go right ahead!" and hold the door open for them.

Sit back pass the popcorn and see what happens...



ikaika said...

http://www.washingtonpost.com/business/economy/obama-to-propose-freeze-on-middle-class-tax-rates/2012/11/09/bce421f6-2a74-11e2-bab2-eda299503684_story.html

bada-bing: I told ya so

chess said...

Ikaika.. Im sort of in the camp of go ahead. Odds are were heading into or at least close toa recession in 2013...Put a bet down on red or black and roll it. If we gain speed and have a good 2013-14 then repubs were wrong for digging in heels on taxes. If we hit the stall button then the experiment was wrong and repubs regain some footing. But at least make a bet and stop the wishy washy shit..
Last time I watched something like this was when the house voted down -live- the bailout and we dropped 700 that day...Any bets we see down 150 by 3pm?

ikaika said...

at 2PM Obama will frame a "concession" to middle class taxes and spin blame on the house.
He will look and sound magnanimous as he bends the middle class over, incites the lower clases and the "99's" to eat the rich.

He will sound as if he feels sorry for the Rich people that are not already on board with him.

I say we put the bank on "any Craps" and roll.

chess said...

I think the repubs roll with higher taxes in exchange for entitlements reform.. My bet is hundred of thousands will get laid off or part timed cause of Obamacare. also I think the taxes will go up on the middle class for O-care at sametime that the income continues to go down. Itl be slowly painful for the middle class to the point they wont like carrying the "freebies" on their back. . But everytime we get into a pissin match with MSM and BHO we get our lunch hande to us. Just step back and say "have at it" guys.

ikaika said...

Obama just framed the debate that the House Republicans are responsible for any derailing.

I'd call his bluff and let the chips fall.

Vaffanculo!

frithguild said...

Love is a burning thing
and it makes a firery ring

chess said...

Up 60 at beginning of BHO and now down 20.. I might still get my 150 total clipped off. BHO won .he gets the right to posture ...(as much as I hate it)......

chess said...

And people are finally falling on swords for the Supreme BHO....Patreus be heading out the door.. Hiliary gone in January...

Plus like frith I didnt want to see this stay at 13 messages

ikaika said...

Petreus, Holder, Hillary...

interesting.
I would like to see Big Sis take a hike as well.

the rumor mill is flying

frithguild said...

Adults are leaving before the children induce the Vaffanculo firey ring