By: John LeBoutillier
Wednesday, January 07, 2009
Well, the holidays are over and New Year has begun so let’s get back down to business. Here are the 2009 predictions - in no particular order:
• The economy has not yet reached rock bottom. More dislocations will occur in 2009; more bubbles will burst; credit cards and further home mortgage problems come to mind; and more scandalous behavior will be revealed - from Wall Street to Washington DC.
• The world economy will follow our’s and plummet to the worst degree since the 1930s.
• We may not begin the long climb back upward for several years to come.
• Politically the economy is everything in 2009 - and will be the main focus of the Obama Administration and the Democrat-controlled Congress; all other legislative activity will be put on the Back Burner until there is an up-tick in the national economy;
• President Obama will prove to be boringly staid when it comes to bold economic initiatives such as suspending the capital gains tax for 3-5 years; instead he will opt for traditional Democratic spending measures, i.e. “Infrastructure” repair and new roads and bridges; these measures will do nothing to juice an ailing economy or to hire people - especially in the short-run;
• Obama will also expand the federal Government’s payroll - as if that is a cure for what ails the American economy; his team will boast of new “jobs” but that is a false statistic; the real stat is new private sector jobs - and we are hemorrhaging those jobs monthly right now;
• Obama will not be blamed for the continuing - or worsening - economy for his first year in office. But by the end of 2009 the economy becomes his - for better or worse;
• He will have a substantial honeymoon; there will be a world-wide collective sigh of relief once G.W. Bush is out of office; in fact, once Bush leaves DC, we will not see or hear from him for several months. He will not be able to sell his memoirs either. His lecture appearances will be few and far between.
• It will be Jeb Bush who will be the Bush most in the news in 2009 as he contemplates a US Senate run in 2010; and Jeb’s presence - yet another Bush! - will bedevil the GOP for years to come;
• If Jeb then tries to run for President in 2012 or 2016, it will divide the GOP; true conservatives will never again accept another Bush - so the conservatives will fight it out to settle on one candidate to stop the Bushes from yet again seizing control of the GOP;
• There will be more of the usual political scandals in DC - and in Cook County - but none will even touch Barack Obama;
• Instead, what will take Obama down a notch will be a combination of his heretofore un-reported personal hubris and his total inexperience in national and international affairs;
• His collection of his own Team of Rivals is a sign of his personal acknowledgment that he really is unprepared to be President - so he hired everyone else who ran for the job, figuring that all he has to do is to manage these people and some how, some way their will find the right answers;
• Hillary will be a loyal soldier - for a while; but before the first year is over she and/or her husband will be revealed to be out for themselves; so what else is new? Believe this: they still have their eyes on returning to the White House;
• Blago will not go down easily; he will be governor for at least another 5 months; and he may not go even then; and if and when he is forced to leave, he will try to take some Big Names down with him as negotiating leverage;
• Harry Reid will be seen as a total dope, a fool and an idiot;
• Caroline Kennedy - despite a myriad of reasons not to be appointed to Hillary’s Senate seat - including the fact that she cannot string three words together without inserting a “You know” and an “um” and that she has never shown any interest in matters of state nor has she donated money or even bothered to vote in half the elections over the past 20 years - will in fact be named by Governor David Paterson as soon as Hillary resigns her seat. This will be a disgraceful appointment - if made - and will undermine Paterson’s heretofore ‘independent’ image; in other words, the fix is in;
• Charles O’Byrne, the defrocked gay Catholic priest who didn’t file his taxes for 5 years and who has been an intimate of both the Kennedys and David Paterson, is the key intermediary - and after the appointment is made this connection will again be revealed;
• Bernard Madoff will try some sort of insanity/mental illness defense. And it won’t work.
• More than the reported $50 Billion will be the final total in this Madoff Ponzi scheme.
• And others were in the “know.”
• And some more Big Names will yet surface as victims - they are desperately trying to hide as it is embarrassing to reveal how stupid these supposedly-smart investors were;
• As for Wall Street, we have not heard the end of their malfeasance and incompetence; more revelations are to come about disgusting financial remunerations even after the massive taxpayer funded bailouts;
• The New York Giants will - for the second year in a row - win the Super Bowl;
• A prominent cable TV host will be revealed as having an ongoing affair.
• 2009 will be some year!
RevolutionRadio.org is Digg proof thanks to caching by WP Super Cache!
Comments Closed
Sorry, comments for this entry are closed at this time.