As of the time of this post, 20:50 hours PST, it appears that Obama has won reelection. Now what?
Regardless of the closeness of this election, it also appears that the Democrats have retained the Senate which should mean that we're back to the status quo. However, it is my considered opinion that the Republican Party has lost its luster and has most certainly alienated its base... this time forever. So, I predict that the Republican dominated House will no longer stand up to the Democrats.
We are now set on course for major businesses to lay off thousands of people beginning immediately due to the increased regulations, taxes and costs of doing business. I look for all of the cash that has been tied up banks and corporate coffers to be invested overseas, at least a majority of it. The Bush Tax Cuts will indeed expire and your taxes and my taxes will rise. The scheduled military spending cuts will take place, snowballing as defense industry contractors lay off employees. Unemployment will rise, the tax base will be decreased, the economy will go into full stall... perhaps even free-fall. Major credit rating firms will cut our national credit standings again and the cost of borrowing money from the Chinese will go up. And then... the full costs of ObamaCare will kick in.
This is going to be a most bitter pill to swallow.
Sadly, I don't think this country will ever be the same. Those of us who are sick and tired of the "do nothings" in this country, the illegal immigrants and others who constantly game the system are more and more inclined to jump on the freebie train and grab our own share of the booty.
At some point down the road... certainly not more than a few years, we might realize what we have done to ourselves and to this country, but it will be too late.
That's MY AMERICAN OPINION, respectfully submitted.
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