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Response to Time for change (Original post)

Mon Nov 26, 2012, 11:53 AM

59. Certainly I agree, but the White House is screwing US again.

 

The White House issued a new warning on the fiscal cliff. Link

http://www.latimes.com/business/money/la-fi-mo-economy-fiscal-cliff-20121126,0,7839105.story
WASHINGTON -- On the heels of record sales over the Black Friday weekend, the White House warned that automatic federal tax increases set for next year could hurt the rest of the holiday shopping season and would likely crimp consumer spending by about $200 billion in 2013.

The report released Monday projects that if Congress fails to act and middle-income taxes rise, consumer spending growth could be sliced by 1.7 percentage points and economic growth overall would probably be cut by 1.4 percentage points in 2013. Those are not small numbers given that consumer spending drives about two-thirds of U.S. economic activity and that the American economy has been growing by just a little more than 2% since the recovery began in mid-2009.


Does anyone really think those numbers are real? I for one don't, and I encourage Democrats to take the fight to the Repugs. Tell them it's our way, or no deal. If they say no deal, then we win, and taxes go up on the rich. If we cave and screw the base again, we can't very well beg them to go out in force and get all energized for the midterms because they just won't do it.

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Time for change Nov 2012 OP
msongs Nov 2012 #1
Time for change Nov 2012 #14
grahamhgreen Nov 2012 #60
Fantastic Anarchist Nov 2012 #48
riderinthestorm Nov 2012 #2
Time for change Nov 2012 #3
rtassi Nov 2012 #4
Time for change Nov 2012 #9
Fire Walk With Me Nov 2012 #5
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chervilant Nov 2012 #18
rudycantfail Nov 2012 #45
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Time for change Nov 2012 #8
customerserviceguy Nov 2012 #24
John2 Nov 2012 #37
grahamhgreen Nov 2012 #62
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Time for change Nov 2012 #30
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chervilant Nov 2012 #33
freshwest Nov 2012 #31
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John2 Nov 2012 #35
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Fantastic Anarchist Nov 2012 #44
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Time for change Nov 2012 #50
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socialist_n_TN Nov 2012 #52
Uncle Joe Nov 2012 #53
Doctor_J Nov 2012 #55
judesedit Nov 2012 #56
woo me with science Nov 2012 #57
blackspade Nov 2012 #58
LineNew Reply Certainly I agree, but the White House is screwing US again.
Savannahmann Nov 2012 #59
grahamhgreen Nov 2012 #61
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