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Surprise: U.S. Corporations Pulling Back Investments

Feebs17 Wrote: Nov 19, 2012 12:19 PM
I think Atlas is shrugging. If I were a business owner I would be making plans to just up and leave . . . just walk away. Take as much money out of the biz as possible and leave. I wouldn't give another penny to the Man. I was at a party this weekend and several people were actually talking about moving to Central America, where the cost of living is less. Americans will leave and the immigrants can have it all. It'll turn into another Mexico. Meh, whatever. Our country is going, going, almost gone. RIP
pow1000 Wrote: Nov 19, 2012 12:29 PM
Exactly, I am thinking of moving too. There are many business friendly countries to go to. Otherwise close up shop I.Feel sorry for the people getting layed off, but hey, they probably voted for 0bama too. The handwriting was on the wall.

Everyone knows by the now there is a fiscal cliff looming and everyone knows President Obama wants to raise taxes on "millionaires and billionaires," which is actually anyone making more than $250,000 per year. With the recent talk from Obama, saying there is no way he will budge on a tax increase for the country's "rich," corporations are naturally pulling back their investments and cutting workers.

U.S. companies are scaling back investment plans at the fastest pace since the recession, signaling more trouble for the economic recovery.

Half of the nation's 40 biggest publicly...