Double dip will be here as soon as the fiscal year budget is starting. In macro economic if you cut spending there will be some effect just as if you cut tax. Who will it affect is the question.
Holding on to shovel ready job till the election? Do you have any idea how much time it takes to clear construction work? If they can they would have done it and look at how long those nasty public hearing, lawsuit, etc just to get a bridge rebuild after an earthquake takes, how groups use lawsuit to block nuclear and all sorts of infrastructure project into scrap. This is America and this is how things roll (with lawyers)
I am losing faith and my fear is coming closer to reality about who will pay for the debt given how much who is making and how much who is spending, and how much who is taxed. Retail will be sluggish for years and anything under the sun will be cut. Lower income will keep inflation in check due to reduced income.
The stock and bond market knows what's going on so the price didn't change much. Hey, if you got elected to the office the least you can do is tip off your campaign donors right? There are 500+ of them so who are they going to trace it to? Any investigation will be a smear campaign anyways. But wait, the country is run by campaign donors anyways, we have the best democracy money can buy, er, I means donate.
I'm going to move my assets into Latin America in the next several days, precious metal and energy is already overpriced and foreign currency is as well. I'm going to follow the Chinese demand so agricultural and forestry will be my pick.
