An article from The American Spectator, "The Coming Crash of 2013," by Peter Ferrara. Highlights from the article follow (you can read the entire thing HERE).
"Obamanomics [has] doggedly followed the opposite of Reaganomics in every detail. The centerpiece of Obamanomics was the old-fashioned Keynesianism that was a proven failure and left for dead 30 years ago….Those calling for still more of the same Keynesian snake oil are just self-identifying themselves as hopelessly deluded fools who must not be taken seriously ever again. Worse than not working, Obama’s trillion dollar stimulus already drove us to the brink of bankruptcy."
"President Obama and the Democrats doggedly pursue their tax policies because they believe ideologically in socialist wealth redistribution."
Besides his planned "tax tsunami" of tax increases, "President Obama is implementing another trillion dollar plus cost burden on the economy through the EPA’s cap and trade tax policy." Why? Because "he and his advisers believe ideologically that higher energy prices and less energy production and use are good for the environment. But this extremist view of what is good for the environment is a catastrophe for the economy, jobs, and working people."
"From the comprehensive tax rate increases, to the soaring energy costs, to the costly regulatory burdens, to the monetary policy mindlessness….the extended unemployment exploding into the double digits will be effectively another depression. Once it starts feeding on itself, there is no telling just how far it will go."
Peter Ferrara is the author of the forthcoming book, "America’s Ticking Bankruptcy Bomb."