We already have a good idea of what effect the election will have on housing if Barack Obama gets elected. We have nearly 4 years of evidence.
During his previous campaign, his commitment was 5% unemployment and a 50% reduction in the deficit. Selling the job was the nearly one trillion dollar stimulus that would do the trick. The trick was that taxpayers got the bill but nothing else. We are now at 44 months of over 8% unemployment and the deficit is double instead of a 50% reduction. Not to mention a foreign policy in shambles, well that’s off topic.
In the first two years of his Presidency with Democratic majorities in the House and Senate, he accomplished Obamacare and the Dodd-Frank Act, which has now totally stymied small business in this country. If small business in this country doesn’t hire, you’ll see continued high unemployment. Ben Bernanke, when addressing Congress, indicated he sees a continued weak economy and high unemployment into 2015.
President Obama has apologized to the world for everything imaginable, instead he should apologize to the American public and keep his word about being a one term President if he didn’t accomplished his goals. His re-election, well that is just more of the same. That is what we have to look forward too.
By: Harrison Stowe