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The Obama Impact on Your Money

The 44th president has been in office now for nearly six months, and so far his rather ambitious agenda has me very concerned. Regardless of which side of the political aisle you sit, there’s no denying the president’s goals are increased government involvement in the economy. This increased involvement includes more stimulus spending, more deficit financing, more environmental regulation, more involvement in the health care industry, more financial market regulation, of course, higher taxes—particularly on the so-called “rich.”

If you’re a Democrat, you may think the Obama agenda is a good thing. If you’re a Republican, you likely think the president is on the wrong track. But regardless of which side you come down on, there’s no denying the fact that the president’s plans will have a profound effect on the economy, the financial markets and your money. That’s why it is up to you to manage your money accordingly.

Now, I must say up front that in my opinion, the policies and legislation being thrust upon us by the president and a sympathetic Congress are not conducive to the economy, and they will not fundamentally help right our economic ship.

In fact, it is my opinion that the unprecedented intrusion in economic affairs proposed by the president will likely do much more harm than good in the years ahead, and that is what you, the well-informed investor, must prepare for now.

Let me turn now to a few key statistics that should put a big fright into the fiscal centers of your gray matter.

  • Our annual interest payment on the national debt is $26 billion per month, or $300 billion per year.
  • Our deficit so far through the first seven months of 2009 is nearly $1 trillion.
  • Projections on the president’s budget place annual interest payments at $800 billion by 2019.
  • State budgets are $500 billion out of balance this year.
  • Government statistics show a national unemployment rate of 9.5%, and the general consensus is that double-digit employment is right around the corner.

Given these alarming statistics, one is forced to conclude five things about our future. First, taxes are going to go up. Second, credit is likely going to become very expensive and/or unavailable. Third, we are going to experience little or no economic growth, and in fact, we could see another serious recession starting as early as next year. Fourth, we could see another wave of falling stock and real estate prices, otherwise known as asset price deflation. And finally, we have the potential for a dollar crisis.

Now, each of these five prognostications are worrisome, but taken together they add up to one ginormous problem for investors.

So, what now? What do can you do to protect yourself from the Obama impact on your money?

The answers to these questions can be found in my FREE audio special report, appropriately titled, The Obama Impact on Your Money. This one-hour audio presentation includes a complimentary work sheet to help you follow the key points presented.

I strongly encourage you to check this out this FREE audio special report today.

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