In response to:

More Pain, Less Gain

College Prof 56 Wrote: Nov 20, 2012 7:28 AM
Econ 101. When people have less money to spend, demand goes down. When demand goes down, there is less need for goods and services. When there is less need for goods and services, companies stop producing those goods and services. When companies stop producing goods and services, they go out of business. When they go out of business, people lose their jobs, up and down the supply chain. Duh!
Context Wrote: Nov 20, 2012 7:36 AM
Sorry, Professor, but you must not have gotten the memo: the laws of economics are suspended for liberal Democrats, UNLESS they can use said laws to demonize conservatives.

Reread Alice in Wonderland to better understand liberal logic as it applies to all things economic.
InAmericaSince1627 Wrote: Nov 20, 2012 7:54 AM
I saw the movie...."Off with their heads"...

President Obama and the Democrats have made a cottage industry of peddling "tax hikes for the rich" as the way out of the fiscal crisis precipitated by ObamaCare and other profligate spending.  

But with reports and polling showing that upper income spending has fallen since the beginning of September, the country may have a chance to see that "tax hikes for the rich" are not as costless as the administration and Democrats want Americans to believe.

The "rich" are pulling back in anticipation of tax increases coming down the pike in 2013.  As a result, it looks like they...