A rising number of manufacturers are canceling new investments and putting off new hires because they fear paralysis in Washington will force hundreds of billions in tax increases and budget cuts in January, undermining economic growth in the coming months.
Executives at companies making everything from electrical components and power systems to automotive parts say the fiscal stalemate is prompting them to pull back now, rather than wait for a possible resolution to the deadlock on Capitol Hill.
Democrats and Republicans are far apart on how to extend the Bush-era tax breaks beyond January — the same month automatic spending reductions are set to take effect — unless there is a deal to trim the deficit. The combination of tax increases and spending cuts is creating an economic threat called “the fiscal cliff” by Ben S. Bernanke, chairman of the Federal Reserve.
This is the biggest bullshit excuse I have ever heard. It’s just applying the screws with more torque. If business doesn’t get its way, they’re just going to lay off more people, have I got that right? If rich and powerful people, especially people in the finance and defense industry, are asked to sacrifice even one teensy tiny piece of their enormous share of the pie, they will pull the plug on any economic recovery.
This is the equivalent of domestic economic terrorism, in my humble opinion. It’s a test of Obama’s and the Democrat’s fortitude. When are they going to get tough on these bastards and the Republicans? It’s time to stop pretending there is any compromise possible with these assholes. Some of them need to be thrown in jail for threatening to send the economy into another destructive recession. These industrialists and their finance industry allies are enemies of the people.
BTW, there’s a rumor going around that we are going to ban people who want to vote for Romney. The person who is starting this rumor knows better. We hardly ever ban people. We *do* moderate them however.
If you want to vote for a party that is totally into crazy, loves kissing the whip and secretly reads 50 Shades of Gray under the covers, go right ahead. Apparently, there is no amount of greed, hard hearted, mean, selfishness, judgmentalism, ignorance or just plain stupid that will embarrass you. Your inability to remember the past will condemn you.
Not my problem. It’s the Democrats’ problem and if they don’t know how to deal with it, maybe it’s time they make like a dinosaur and meet with a meteor. I’m of the opinion that the rest of us reasonable, FDR style Democrats have to form our own club and begin the long hard slog back to relevancy.
But if YOU want to hate the party that fucked you over in 2008 (and it did, noooo doubt about it) by voting for the most looney and dangerous bunch of pseudo- religious conmen since the Ku Klux Klan discovered the whitening power of bleach, knock yourself out. I personally think that any person not making $500+K per year and is still voting Republican should have their head examined but we don’t lock people up for their own safety anymore.
In other words, the left might have been right about some of you guys in 2008. You are dumber than a box of rocks.
Be careful what you wish for.
In any case, my blog, my rules. No party propaganda, from either party, is going to get a free ride here. If I find you are looking for converts, you will be moderated.