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Prepare for Fiscal Doom

D G Wrote: Nov 15, 2012 10:14 AM
As John said in a column 2 or 3 days ago, corporations will simply move out of the country to get away from Obama's destructive economic policies. A case in point is Eaton Corporation. This manufacturing company has restructered, and now it will be an Irish company instead of a US corporation. Ireland's corporate tax rate is 12% instead of USA's 35%. It has been reported that the company will save $160 million per year with this change. Thank the progressive-liberal-Democrats for sending US jobs and US capital overseas.
SpaceVegetable Wrote: Nov 15, 2012 9:08 PM
Idiot liberals seem to forget that companies are started for the purpose of *making money*

They've become so twisted that they somehow think there's something wrong with that objective. That making a profit is somehow evil and that companies exist only to employ people and pay taxes.

OK, perhaps doom is too strong a word, but then again, perhaps it is not. 

In either event, 2013 is not shaping up to be a banner year for the economy. And it’s not just or even mostly because of the fiscal cliff.

Our financial system is not stronger now than it was in 2008 when it finally collapsed under the weight of crashing real estate prices that fell all the harder because they were ballasted by plenty of government guaranteed debt.

In fact, prepare right now for the Next Great Bailout. Because this time around, the federal...