“As New Hampshire goes, So Goes the Nation”
By Mark Smith
Exit polls in New Hampshire in two small towns have begun the trend today that will elect Barack Obama the 44th President of the United States. In double digit votes beginning at midnight today, Obama came ahead of John McCain and Ron Paul.
What we are likely to see with “Double-Digit” Barack are Double-D inflation, unemployment, and interest rates all at, or about the third year of the first four years of the Obama administration. What many of us as kids, infants, or teenagers watched with the Carter Administration in the 70’s will pale in comparison to what we are about to experience.
The federal fund rate is at 1% now. It has been cut 9 times in 13 months. It has nowhere else to go but up. With unemployment currently at 6.3 % and a ratcheting up of interest rates as job losses continue we could see unemployment at 9% and above in 26 months a little more than half way through the Obama administration. With Harry, Barry (Barack), and Nancy in charge of the government you will see run-away spending and an administration starting out with a $1.6 trillion deficit. This does not include the $2 trillion in spending that is likely to come out of the left-wing troika in Congress and the administration. So hang on to your hats, wallets, and 401k’s America. Change is coming! We just don’t know yet how much it will cost us. But that’s coming soon too. Chances are, that’s all you’ll have left in your pocket.
Mark R. Smith is the president and founder of The Da Vinci Group a Washington, D.C. based government and public affairs firm. Mark provides advice to members of congress, governors, and other state and local officials on an array of issues. Mark is a political analyst for SKY NEWS and a contributor to IrreverentView.com. E-mail him at: firstname.lastname@example.org.