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The 2012 Lame Duck Session is Here

Jon Russo Wrote: Nov 12, 2012 11:16 AM
I'm not sure why Republicans won't give the Democrats exactly what they deserve. Currently, it is only the Makers with targets on their backs. When the economic contraction happens, the Takers will finally "feel our pain". I talked at-length with a very successful manufacturer yesterday. He produces products which go into other manufactured goods. All of it made in the USA and employing dozens of US citizens. He, and most of his customers are going to hold on to their money rather than expanding their businesses. Last summer he purchased the equivalent of a city block in which to build facility which produces plastic injection-molded products. Just building the facility would have temporarily employed a minimum of 50 people.
Jon Russo Wrote: Nov 12, 2012 11:26 AM
Years ago, he reduced his employees to six key people and subbed-out about 30 full-time positions to a temp agency. This plant would have employed about 20 people full-time. It would have ran 24-7, every day except Sunday. The folks he hires are people with HS educations or less, usually single mothers (he says they work hard, show up on time, don't complain too much, etc.).

Notice the "past tense" verbs? This mfgr will not be expanding. Yep. Time for the poor, uneducated, single-mothers to feel his pain.

It's been nearly a week since Barack Obama was re-elected president and today the 2012 lame duck session officially begins as the fiscal cliff looms.

—The expiration of Bush-era tax cuts on income, investments, married couples and families with children and inheritances.

—A $55 billion, 9 percent cut to the Pentagon next year and another $55 billion in cuts to domestic programs, including a 2 percent cut to Medicare providers.

—The expiration of unemployment benefits for the long-term jobless and a sharp cut in reimbursements for doctors participating...