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Surprise: U.S. Corporations Pulling Back Investments

RodT Wrote: Nov 19, 2012 1:14 PM
Obvious that "the idiot" is a recent graduate of our public education system. Wherre he was taught the merits of socialism. Capitalist bad - Marxist good, the current propagana of our union teachers. Barack Hussian Obama mmm mmm mmm.

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...