Davidowitz: Obama Destroying Our Standard of Living

Friday, August 28, 2009 11:50 AM

By: Forrest Jones

President Barrack Obama's announcement that the budget deficit could swell to $9 trillion over the next decade — $2 trillion more than previously announced — means the end of the standard of living to which U.S. consumers are accustomed, says Howard Davidowitz, head of Davidowitz & Associates, a retail consultancy and investment bank.

“Barack Obama's numbers have all gone mad,â€