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Surprise: U.S. Corporations Pulling Back Investments

Quintus Tullius Cicero Wrote: Nov 19, 2012 1:05 PM
nobrainmass: Why don't you donate you "high paying California Retirement" to the government? I'm sure that Obumphuck, Larcenous Land Deal Reid, and San FranNancy Red can use it in much better ways than you can.

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...