Obama's Economic Formulae

Phase 1

(Hi Taxes+Increased Regulations + Uncertain Economic Conditions)
= (Less Capital Spending+Hi Unemployment+Less Govt Revenue)
= Increased National Debt

Phase 2

(Higher Taxes+Increased Regulations + More Uncertain Economic Conditions)
= (Less Capital Spending+Higher Unemployment+Less Govt Revenue)
= Increased National Debt

Phase 3

(Higher Taxes+Increased Regulations + More Uncertain Economic Conditions)
= (Less Capital Spending+Higher Unemployment+Less Govt Revenue)
= Increased National Debt

Phase ....... Never Mind, you must get the picture by now!

http://www.cbo.gov/ftpdocs/122xx/doc12212/2011_06_22_summary.pdf

http://www.cnbc.com//id/43497278