Recession Coming?
January 25, 2021 at 9:39 p.m.
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I have a different view of our economy. We will have a recession, no doubt about it. My reasons:
President Biden will raise taxes, not only on the rich, but everyone that has income, capital gains (stocks, real estate and anything of value). Small and large corporations will have higher taxes.
Small business is the backbone of the economy. Unions and Congress want to increase the minimum wage to $15. Most mom-and-pop stores won’t be able to compete and close.
Several members of Congress believe global warning is too high and needs to be reduced – the United States must turn green. The United States will no longer be the number one producer of oil. Gas prices will go up.
Depending on which regulations President Biden brings back, they will stifle innovation.
Another problem to consider is trade and the ballooning deficit.
Will our economy slip into a recession, only time will tell.
Paul Fribley
Warsaw
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I have a different view of our economy. We will have a recession, no doubt about it. My reasons:
President Biden will raise taxes, not only on the rich, but everyone that has income, capital gains (stocks, real estate and anything of value). Small and large corporations will have higher taxes.
Small business is the backbone of the economy. Unions and Congress want to increase the minimum wage to $15. Most mom-and-pop stores won’t be able to compete and close.
Several members of Congress believe global warning is too high and needs to be reduced – the United States must turn green. The United States will no longer be the number one producer of oil. Gas prices will go up.
Depending on which regulations President Biden brings back, they will stifle innovation.
Another problem to consider is trade and the ballooning deficit.
Will our economy slip into a recession, only time will tell.
Paul Fribley
Warsaw
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