Posted on 11/04/2012 3:49:36 AM PST by TigerLikesRooster
Slowdown Trifecta Sends CEOs on Mad Dash for Growth
Published: Saturday, 3 Nov 2012 | 4:53 PM ET
By: Javier E. David Special to CNBC.com
Economic troubles gripping the U.S., China and Europe are forcing Wall Street and corporate America to play a game of global arbitrage, in a frantic attempt to eke out profits wherever they can be found.
Just as concerns mount about the U.S. “fiscal cliff”, a synchronized worldwide economic slowdown has ensnared three of the world’s largest economies.
Although the U.S. economy expanded at a better-than-expected pace of two percent last quarter, much of that growth was boosted by government spending and purchases by increasingly cash-strapped consumers.
Few economists expect that rate to be sustained – especially if lawmakers fail to avoid a slew of tax hikes and deep spending cuts from going through early next year. Additionally, superstorm Sandy's walloping of New York and New Jersey could undermine growth even further.
(Excerpt) Read more at cnbc.com ...
P!
Lack of growth is directly proportional to a lack of Freedom. When the taxation+regulation burden hits a certain level- and that is a highly variable number regionally-everything freezes up.
The Oligarchy is cutting of its nose to spite it’s face
Lack of growth is directly proportional to a lack of Freedom. When the taxation+regulation burden hits a certain level- and that is a highly variable number regionally-everything freezes up.
The Oligarchy is cutting of its nose to spite it’s face
Lack of growth is directly proportional to a lack of Freedom. When the taxation+regulation burden hits a certain level- and that is a highly variable number regionally-everything freezes up.
The Oligarchy is cutting of its nose to spite it’s face
Trying to raise $$ for my films 3 years ago a snap. Fully funded first movie in 9 mo. Second movie has taken 2 years and still isn’t quite fully funded. $$ people terrified this guy could get reelected.
And on an even smaller scale, my retail business is doing more with less these days. I’ve slashed payroll down to just a few of us, and I don’t intend to bring on any more workers, other than low-end stockers and cashiers come our busy spring season. No one, and I mean NO ONE will have the luxury of standing still for a single minute...if they want to keep their jobs. Keeping your job is the new raise, LOL!
I’m hopeful for a RR Victory. However, I’m not expecting an economic turn-around immediately. Hope I’m surprised, but I, too, am hedging my bets. Too much damage has been done to the private sector in the past four years.
And I’m SO tired of non-stop campaigning and whining LibTards! In Wisconsin, we’ve accomplished GREAT things in the past two years; Gov. Walker Recall Victory, Act 10 - loosening the stranglehold of the Unionistas, Congressman Ron Johnson, and The Great State of Wisconsin ‘loaning’ America Reince Priebus - who is changing the face of the RNC and giving us some HOPE!
It has taken a long time to bring this great country down, and I'm afraid it's going to take even longer to bring it back up and fix it. Sure the past for years have been bad, but LOTS of damage was done in the years leading up to it, exacerbating the problems recent.
I don’t disagree. If *I* was running this place, things would be a LOT more neat and tidy and we’d have no debt!
I certainly give no quarter to Pubbies in the past that have let me down, too. And they have been many.
I think of one phrase, “You can't make chicken sandwiches out of chicken sh**”!
LLS
Or as the Greeks say, "We'rrre Back!"
Exporting jobs overseas only works if overseas is strong enough to buy the products the domestic workers can no longer afford. Good plan.
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