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  • jlcconsult1 jlcconsult1 Nov 12, 2012 9:49 AM Flag

    The Lesson Learned from last time.

     

    If we've learned anything from the financial crisis of the last 5 years, it is this: Companies will move fast to prevent losses where they can. That is usually cutting employment first and adjust to a slow growth, or no growth environment. What few have realized is they are already anticipating the problems ahead. They are gearing up for layoffs NOW.,,not after the #$%$ hits the fan. Unemployment #'s will sky rocket right before the year end and get worse in Jan. Then we get the demo tax increases. and the cuts.
    BAM....WHAM...SLAM. Instant Recession.

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    • ""clearly Americans who voted for B.O. are the dumbest bunch of people ""

      Romney won the white non-college voters by 30 points.
      The states that ranked the lowest for high school and college graduates were all red states
      Eight out of 10 of the states that ranked the highest for high school college graduates were blue states

      This time Obama holds all the cards because if he does nothing, tax rates will go up. That means that Republicans caused tax rates to go up for everyone.
      Republicans will also be blamed for causing cuts in defense spending and they'll have to explain to their Pentagon friends why they were willing to do all of this to save a few dollars for millionaires and billionaires.

      • 1 Reply to texan_5591
      • Tex, O won fair and square. The last laugh will be on some of us who simply didnt buy all the pander about taxing the rich. It still hasnt stopped. Sure the rich, whoever they are will pay more. since most folks dont put themselves in that catagory wont they be suprised when they either need to pay in at tax time or dont get a return for the first time in ten years. Only then will many who bought the talk will realize that they have been had. JMHO

    • ""Then we get the demo tax increases."" Wrong again

      On Sat. "" president demanded immediate House passage of a bill approved by the Senate that would extend the expiring Bush-era tax cuts for households earning under $250,000, while the speaker said raising tax rates on anyone would be unacceptable."" NYT today

    • Are you ready to pay at least $3,500 more in taxes, starting next year, even as the economy slows? The Fiscal Cliff will bring 2% automatic, across-the-board payroll tax increases... expiration of business tax breaks that foster at-home growth.... shifts in the Alternative Minimum Tax to take a bigger bite out of your income... the first tax increases from the Affordable Care Act, otherwise known as "Obamacare"... deep, automatic cuts to the defense budget, Medicare, and over 1,000 other programs. All in, after December 31, 88% of households will pay higher taxes. The average family, $3,500 more. High-income earners can expect to pay an additional $14,100 to $121,000, or more. What impact will all of this have on the economy, if it's allowed to move forward as scheduled on December 31? Watch and learn...

 
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