Obama Economic Disaster Looming
CBR regional offices and international affiliates would do well to redouble their efforts in the fundraising and cost reduction realms. The Obama Administration’s economic policies, designed to socialize society under the pretext of mitigating difficult economic circumstances, will almost certainly do economic damage which will be severe, long-lasting and systemic. Much of the rest of the world will also be adversely affected. Out-of-control borrowing and spending will likely give rise to cyclical inflation which could impose stresses not seen in modern times. It will become much more costly for ministries to function and revenues are likely to fall as costs rise. We need to get as far ahead of this looming disaster as possible.