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Surprise: U.S. Corporations Pulling Back Investments

Free_Markets_Free_People Wrote: Nov 19, 2012 2:06 PM
The federal government consumes 25% of GDP. Traditionally the government per GDP was 20%. Obama increased this to the 25% in his first year and continues at this pace of consumption. China doesn't subsidize the US government anymore. It has been selling off it’s exposure to US debt. That is why the Fed has been continuing with QE 3. It is the Fed who is buying US Treasuries. The Fed continues to feed the beast by inflating the money supply.

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...