Investment falls off a cliff. “U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery.” Hmmm… demonize businesses and they go away… Unexpectedly!

{ 14 comments… read them below or add one }

ooddballz November 19, 2012 at 10:55 am

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Gee, who woulda thunk it?

PsychoDad November 19, 2012 at 10:57 am

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Damn those H8ers! All this just because their man, R-Money, didn’t win!

I'm With STUPID November 19, 2012 at 11:21 am

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Scaling back even further and we haven’t even fallen over the cliff yet.

I don’t like the term cliff because it sensationalizes a very short fall of only 1 trillion in conjunction with the budgeted trillion already cut in this years congressional functions; so when you think about it Congress already hopped off the cliff and landed about 12 feet on a ledge and we are about to jump to another ledge that is about 18 ft down where the job cutting fairy cuts a butload more jobs and closes a lot more companies down.

The fiscal cliff fall comes when we get our next credit downgrades and we can not borrow any more money to finance the debt interest. Now thats a cliff when free trade will come to a screeching halt and the markets crash and do not recover.

I'm With STUPID November 19, 2012 at 12:51 pm

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Oh Yea, and 1 trillion saved is two trillion spent the same month by congress. So this cut is a way to get acceptance and an allowance to spend more!

Not so silent November 19, 2012 at 11:25 am

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Another No Shit moment brought to you by King Barry and his merry band of 12 year old financial advisers.

poppajoe49 November 20, 2012 at 4:55 am

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As long as they all have a PS3, they don’t give a crap!

Elrond Hubbard November 19, 2012 at 1:01 pm

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The federal deficit for the month of October was $120 BILLION. Multiply that by twelve to see what fiscal year 2012 has in store for us.

Increasing deficits, Obama Care, tax uncertainty, class warfare, not investing makes perfet sense.

Progressive Hemrrhoid November 19, 2012 at 3:39 pm

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Why would anyone invest when we are on the verge of the second dip of what’s looking like a depression? Can runs on the banks be far behind?

drb November 20, 2012 at 3:15 am

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What good would a run on the banks do… the paper they hold is nearly worthless now and will be completely worthless by the time the dumb@$$e$ that put him back in office realize what has happened.

poppajoe49 November 20, 2012 at 4:58 am

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If I had the money, I’d be buying all the precious metals I could get my hands on!
Oh, wait! China is cornering that market. Gee, do they know something Barry and co don’t know? Like how to run a freakin’ economy?

Sidekick November 20, 2012 at 5:07 am

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Food and ammo. I used to believe that it was nuts to think like that. I don’t anymore.

poppajoe49 November 20, 2012 at 5:54 am

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Of course personal survival items would be first and foremost, but financial survival is important too. Although food and ammo could be great barter items, I wouldn’t want to give up any of that.

I'm With STUPID November 20, 2012 at 2:27 am

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“Boy, the way Glen Miller played. Songs that made the Hit Parade. Guys like us, we had it made. Those were the days! Didn’t need no welfare state. Everybody pulled his weight Gee, our old LaSalle (a car) ran great. Those were the days! And you knew where you were then! Girls were girls and men were men. Mister, we could use a man like Herbert Hoover again. People seemed to be content. Fifty dollars paid the rent. Freaks were in a circus tent. Those were the days! Take a little Sunday spin, go to watch the Dodgers win. Have yourself a dandy day that cost you under a fin (five dollar bill). Hair was short and skirts were long. Kate Smith really sold a song. I don’t know just what went wrong! Those Were the Days!”

Big Al November 20, 2012 at 6:07 am

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I couldn’t get that song out of my head for a full week after the election.