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Surprise: U.S. Corporations Pulling Back Investments

Free_Markets_Free_People Wrote: Nov 19, 2012 12:27 PM
Ignore him. He's either an OWS who is waiting for prosperity to come his way thru government redistribution or related to Krugman who longs for the 1950s when the top rate was 91%.

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...