While Obama And The Dems Party, Businesses Cut Back

[bitterlyclingin]

[While Obama and his Democratic parasitic allies party and prepare their plans to tax, tax, tax, and spend, spend, spend, the folks who inevitably pay for all the festivities are cutting back sharply. Is the economy setting itself up for a nationwide Hostess Bakers ending, the parasites who vote, but pay no tax, giving those who do the one fingered salute while saying "F#@% you all! Laissez les bontemps roulez! Apres moi, le deluge!"?
Look out below.]

"Investment Falls Off a Cliff
U.S. Companies Cut Spending Plans Amid Fiscal and Economic Uncertainty

U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery.

Half of the nation's 40 biggest publicly traded corporate spenders have announced plans to curtail capital expenditures this year or next, according to a review by The Wall Street Journal of securities filings and conference calls.

Nationwide, business investment in equipment and software—a measure of economic vitality in the corporate sector—stalled in the third quarter for the first time since early 2009. Corporate investment in new buildings has declined.

At the same time, exports are slowing or falling to such critical markets as China and the euro zone as the global economy downshifts, creating another drag on firms' expansion plans.'

Investment Falls Off a Cliff - WSJ.com

 

[rdean]

All those Bush tax cuts and they are scaling back? Time to try something that works.

 

[bitterlyclingin]

Companion piece to the WSJ article.
This lady, Maria Bartiromo, commands no little level of respect in the community she runs with. Not sure of the exact details of the story which took place over a year ago, brokerage house and geographic location may not be exactly correct, apparently Ms Bartiromo neded a ride home from a very distant location, Davos, Jakarta, Singapore (?) and one brokerage house left part of their entourage standing on the tarmac in the midst of their personal luggage in order to make enough room on the private company jet to fly Ms Bartiromo back home to the States with them.
Barry's runnin' for the office of president for life of the United States, (You know how Narcissists are, would Caligula have done anything less?) meanwhile the folks who have been suckling at the teat of his panderpalooza aren't going to take well to his departure, so its highly likely compromise and the Constitution will be tossed to a wind stronger than any wind Hurricane Sandy ever generated, real soon]

"From the column:

The Mayans may not be right about the world ending by the end of 2012, but the next month and a half is looking a lot more panic-stricken than celebratory.

The ongoing fight over the "fiscal cliff" may overshadow everything else as we get closer to the new year. Sadly, compromise seems hard to come by, even though the consequences of going over the cliff — hundreds of billions of dollars of spending programs that are set to expire, along with the largest tax increase since World War II for virtually all income levels — was specifically designed to force compromise.

Bartiromo goes on to lay out the positions of Republicans and Democrats. Democrats want to raise taxes on the wealthy (which she says won't solve our problem) and Republicans want to cut spending while closing tex loopholes.

In her view, Republicans are the lesser of the two evils as they're at least open to raising revenue.

Either way, her outlook on this is pretty negative. This is how she closes the piece:

The question is how tough it will be to reverse the damage if Washington takes us over the brink? How long and drawn out will a recession be while our lawmakers fail us? The best we can do as investors is prepare for much higher capital gains and dividend taxes that are surely to come. How much worse it is beyond that will be dictated by how much self-inflicted damage Washington is willing to impose on America's economy.

Let's just say I'm not optimistic."

Maria Bartiromo Column On Fiscal Cliff - Business Insider

 

[Claudette]

Of course business is scaling back.

Those running the companies have to have their plans in a year ahead of time.

Loads of layoffs coming down the pike. That cliff is pretty damned close in fact we're probably already poised for the fall.

 

[rdean]

Of course business is scaling back.

Those running the companies have to have their plans in a year ahead of time.

Loads of layoffs coming down the pike. That cliff is pretty damned close in fact we're probably already poised for the fall.

And yet, during the last four years, companies have been making historic profits.

And think about that "fiscal cliff". All the Bush tax cuts expiring. Cuts to social programs. Cuts to the military. Seems more like "something for everyone".

Remember when Republicans held millions of American hostage?

Unemployment benefits: not until Bush tax cuts pass, Senate GOP says - CSMonitor.com

Obama caved last time because he was worried about millions of the middle class who lost their jobs from Republican policies. He knew Republicans shit on them and just don't care. Nominating Romney proved that. Now, it's Obama who's in a position of strength.