Throughout the course of my personal web surfing I find interesting articles to share with you all… This article in the Wall Street Journal caught my eye and it would definitely fit into our usual topic of discussions here…

 

   I assume you all will take a few minutes to read it as this will make more sense after you do… The premise of the article is that we are about to see another possible cause of additional financial unpleasantness in our economy. I know what you’re thinking, I must be wrong because you personally saw the leader of the previously free world on TV making all kinds of claims that we are no longer even in a recession? Sorry to be the bubble popping blogger that has to deliver another cold splash of reality! All the talk of our best days being ahead of us are probably true in the long run, the very long run!

 

   While I was reading this I was watching for the opportunity to catch a glimpse of media sensationalism… You know, playing it up to sell advertising. Typically I wouldn’t expect to find  a lot of blatant hot air in the WSJ but you know me, watching for the boogeyman around every corner. It was the bit about making GW Bush look like some sort of hero, mentioning that it was his tax cuts that will be sunsetting that has me the most worried… First as much as I’m more than a little skeptical these days as to the value GW was to any of us average Americans, below the arbitrary line in the net worth sand, you have to admit that a media source showing him in a positive light is highly unusual!

 

   If GW is being shown as a tax cutter and the media darling Obama administration a potential source of further economic disaster, my ears perk up… For the media to even spin the situation as potentially harmful, we all better be redoubling our preps as the storm is surely upon us. We are a nation set adrift in a leaky life boat currently half full of water. We can’t take any further rough seas without going down. I’ve already made my predictions that the world as we know it is in “Game Over” mode and just waiting for someone to push the off button.

 

   I don’t really care if this is nothing more than just a sunset to the previous tax cuts and it just so happens that a democrat is sitting in the oval office. Tax increases now can only mean one thing, less private spending and more unemployment. This will undoubtedly mean further emergency government bailouts and stimulous programs… I don’t know what everyone else is thinking but the financial numbers that are being used to describe our current debt are enough to make even the simpler among us scratch their heads. Surely the .gov isn’t thinking they will actually see an uptick in tax receipts?

 

   MANY small business owners are holding on by the skin of their teeth, this will be the final straw. The only good thing for the .gov is that these folks in most cases won’t qualify for unemployment. Unfortunately though their remaining work forces will qualify when they are finally let go. So, we can look forward to additional un and under employed individuals on the roles… These folks will more than likely end up behind on the house payments and all the other sour grapes that go along with that, bringing further pressure on the nearly lifeless real estate sector…

 

   We could go on like this for hours but the real point is that this is a big step backwards in any recovery that was even possibly on the horizon. If I had more faith in my leaders I would expect the president to issue a statement that these tax cuts would be extended for at least another year and then come up for review before being allowed to sunset… Not gonna happen, or at least I think it’s highly unlikely. Most politicians from either of the 2 big parties have a difficult time keeping their hands out of the public’s cookie jar, tax increases will easily be justified in their minds.

 

   Let the cards fall where they may! I frequently get emails asking me how long I believe we have before a major collapse and all that it will bring with it happens… I feel, just like many of you, that our fireworks show will be coming along just about any day now… No I don’t mean on the fourth of July but soon! This story is just more eveidence of further damage to the already sinking ship – PREPARE NOW!!

 

 

Prepper