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Most economists have predicted that if Obama gets re-elected and this country is allowed to go off the fiscal cliff, meaning higher taxes for everyone but especially the wealthy and business owners, we will go into recession early next year. Since this is what liberals think is good for the country...how severe will it be, how long will it last, etc? Will we lose as many jobs as were lost in 2008 and 2009? This is really scary if only because so many people are cheering for it to happen yet the media has remained silent on it.
It's not Obama. It's Congress. They have done nothing to address the automatic cuts, automatic taxes happening 1/1/2013. In fact, Congress is now off until after elections.
Doesn't matter who gets into the Oval Office..this cliff is going to happen. And Congress is to blame, not the President.
Most Republicans in Congress are doing everything in their power to prevent President Obama from winning a second term. To accomplish their political objective, they are derailing our economy in the hopes that the American people will hire Mitt Romney to clean up their mess. It is a shame that Congress is hurting the country in order to prevent a President from succeeding. We can talk all we want about how pathetic the Republican Party is right now, but make no mistake: our economy is in for a lot of pain if Congress can’t work out a deal on these issues.
[Note: If you're worried about understanding the concept of the Fiscal Cliff, we encourage you stop here and watch Lawrence O'Donnell's excellent and cute explanation in the video at the bottom of this post.
It's not Obama. It's Congress. They have done nothing to address the automatic cuts, automatic taxes happening 1/1/2013. In fact, Congress is now off until after elections.
Doesn't matter who gets into the Oval Office..this cliff is going to happen. And Congress is to blame, not the President.
Well...when you have a Dcat POTUS and a Dcat controlled Senate what are the chances of a Pachyderm controlled House to get ANYTHING done...huh!
Well...when you have a Dcat POTUS and a Dcat controlled Senate what are the chances of a Pachyderm controlled House to get ANYTHING done...huh!
Actually this is the result of not having passed budgets over the past several years.
In 2009 and 2010 you had 100% Dem control and still no budgets or adjustments.
This is the culmination of kicking the can down the road and not dealing with the budget.
To put all the blame on just the Repubs is silly.
This is really scary if only because so many people are cheering for it to happen yet the media has remained silent on it.
I'm cheer-leading.
It will be good for you.
If you want to exist in the modern global world, you're going to have to change your attitude about everything, and change the way you think, and change your belief system, and change your life-style, your standard of living and a few other things.
And since you refuse to do it voluntarily, then you'll have to be forced to do it, and recessions are one such way of putting an ignoble end to sloth and stupidity.
Like I said......way, way, way back in 2007...
...you have to learn how to do less with less. You still haven't learned that, but you will.
...you need to add "house-husbands" to your vocabulary. Men are perfectly capable of raising children and being "soccer dads." That goes with doing "less with less" since you're not going to have enough jobs. You won't devolve back to the 1950s where only 6% of households had two full-time wage-earners; it will be more like the 1970s where you have about 16% of households with two full-time wage earners (and another 40% with 1 full-time and 1 part-time wage-earner).
...you need to get used to sharing living space in either a multi-generational family setting or with other families/households.
...you need to alter your life-style, because the disposable throw-away life-style and the life-style of useless conveniences isn't working out so well.
You understand there is no way to win this game, right?
In the last 15 years or so, you had dozens of opportunities to avoid the steam-roller that's going to run you over. At each and every opportunity, you chose the wrong path. Is that surprising? No, that's why democracy always fails.
Let's just say the next 10-12 years will be very entertaining.
At least you'll have something to look forward to.
It's not Obama. It's Congress. They have done nothing to address the automatic cuts, automatic taxes happening 1/1/2013. In fact, Congress is now off until after elections.
Doesn't matter who gets into the Oval Office..this cliff is going to happen. And Congress is to blame, not the President.
No, it's the Senate. Tons of bills on Harry's desk, but he won't bring them to a vote. And yes, Congress is to blame. The Dems who won't listen to reason, and refuse to anything that they don't agree with. THEY are the ones that won't compromise.
Most economists have predicted that if Obama gets re-elected and this country is allowed to go off the fiscal cliff, meaning higher taxes for everyone but especially the wealthy and business owners, we will go into recession early next year. Since this is what liberals think is good for the country...how severe will it be, how long will it last, etc? Will we lose as many jobs as were lost in 2008 and 2009? This is really scary if only because so many people are cheering for it to happen yet the media has remained silent on it.
It doesn't matter who is elected, the 'fiscal cliff' refers to the automatic cuts which will take place in Jan 2013, and the severity depends on Comgress.
Well many see the writing on the wall and they have accelerated income this year...
If taxes on dividends go up as planned there will be even more people selling stocks that pay them and buying hard assets...
Investments have and will be liquidated from IRA's and 401 K's, the looter's running the country will be going there next...
The insane EPA and Orwellian "Affordable care Act" along with a huge tax increase across the board will cause many small businesses to close up shop and people will head for the hills and hunker down for the Barack-O-Lypse...
It's all down hill from here 0'bots, you shat the bed, enjoy lieing in it FOOLS!!!
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