Posted on 09/22/2012 7:09:34 AM PDT by blam
44 Companies That Could Get Crushed If The Government Cuts Spending
Rob Wile
Sep. 21, 2012, 4:16 PM
The threat of the "fiscal cliff" remains one of the most important events weighing on U.S. markets
To recap, if Congress does nothing before the end of the year, a series of tax cuts and spending programs will expire and combine to shrink GDP by up to 4 percent, according to Goldman Sachs analysts.
While we'd all suffer, some companies would get hit more than others.
The last time we had a major debate on government spending levels — the debt ceiling talks of 2011 — companies with heavy exposure to government significantly underperformed, Goldman says.
Earlier this year, Goldman put together the list of U.S. companies whose revenues rely most on the government.
We grabbed the 44 whose revenues are 50 percent or more taxpayer dependent.
Click here to see the companies.
(Excerpt) Read more at businessinsider.com ...
Your Welcome.
I dislike it too. Was not that much trouble to list if I had to page through it anyway.
They’re not going to cut anything.
They can always “reach across the aisle” to increase spending.
They’ll do it by temporary spending bills, from now until the crash, if they have to.
The 47% nobody wants to talk about.
so, Lockheed Martin, Northrup Grumman, every defense contractor in the country, put them under.
I guess you have lost your mind.
You dont bite the hands that feed you, unless you work it out in advance with a wink and a nod.
You are correct, sir!
Taking a built in 5% increase and reducing it to a 3% increase is a cut to these people!
Dittos on hating the multi-click pages. It’s a cheating way to gain more page hits and increase revenues. Most sites limit it to one or two extra clicks, but I ran across one today that took 7 pages for a smallish article — at a rate of one paragraph per page!
Meh!! Didn’t read the article, and will never return to that site.
I was informed fist thing this morning that I’m an idiot for suggesting that the tax on all manufacturing should be eliminated. Most people don’t have a clue how heavily taxed the local thingamajig factory really is. They only see corporate taxes and assume that cutting those will spur job creation. Unfortunately tax cuts at the top will be invested overseas and who could blame them.
http://www.freerepublic.com/focus/f-news/2933016/posts
Downsized, as in Los Angeles 1989 to 1992?
All the major aerospace companies were laying off in massive quantities.
Whole departments were eliminated, from the manager on down.
It was brutal and many people never were able to get back into the industry when it finally started to recover.
Entire shopping malls closed because the factory workers that shopped there were out of work.
That mall is still closed.
This time if it happens again, I don’t think folks will ever work in the field again, due to that “unemployed need not apply” meme.
I don’t owe them a job.
This article reminds me of Democrats who trot out one or two sob-stories helped by a government program, yet ignore the millions of other people “crushed” by government regulation, debt and taxes.
I’m much less worried about the 44 companies that would get “crushed” by government spending cuts than the hundreds of thousands of companies that would be buoyed upward by reduced government.
Excepting defense companies, of course.
Not me. Government produces nothing but waste. Somebody has to manage the effluvium.
Wow, I don't think I've ever been able to use the word "effluvium" in a sentence before. What a great way to start Saturday morning!
My union cousin works in a factory that has a contract with Boeing. The idiot takes time off work to protest our evil republican congressman who voted to keep those Boeing jobs away from union members.
“If they aren’t profitable without government money put them under.”
Do you realize just how ridiculous your statement is? Take a look at the list! Most of the companies are in the Healthcare business, the rest are military hardware contractors. Just how would you propose that these specialized businesses “diversify?”
This assumes the cuts are primarily defense. If the government cuts social programs, then is list should look at all the NGO’s, consultants and community organizations who will get hit. But that doesn’t scare Republicans so they produce this list. Business Insider is leftist. Don’t trust them.
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