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Topic: Even if we fall off ‘cliff,’
result may not be awful |
Even if we fall off ‘cliff,’
result may not be awful
Associated Press, by Christopher S. Rugaber
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Original Article
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Posted By:Attercliffe, 12/27/2012 7:02:08 AM
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| WASHINGTON--The economic threat that has kept many Americans on edge for months is nearing reality, unless the White House and Republicans cut a budget deal by New Year’s Day. Huge tax increases. Deep cuts in domestic and defense programs. The likelihood of sinking stock prices, reduced consumer spending and corporate layoffs. The risk of a recession within months. Still, the start of 2013 may turn out to be far less bleak than feared. For one thing, the two sides may strike a short-term agreement before New Year’s that postpones spending cuts until spring. President Barack Obama and members of
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Reply 1 - Posted by:
Bur Oak, 12/27/2012 8:16:32 AM (No. 9085401)
The country went over the cliff quite a while ago. The only questions are how far will we fall, how much higher will the government make the cliff, and what´s at the bottom. The result may be worse than awful.
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Reply 2 - Posted by:
Mr. Know-It-All, 12/27/2012 8:17:16 AM (No. 9085403)
I still agree with Rush in that Da Won wants to go "over the cliff". (BTW, I´m tired of that cliche!) In that way He will have a ready scapegoat for the coming recession. After all, even His brain dead honey-boo-boo followers will not buy the its-Bush´s-fault mantra for much longer.
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Reply 3 - Posted by:
revdeppisch316, 12/27/2012 8:18:49 AM (No. 9085407)
DReam on numbnutz! The Fed has been going non-stop on printing money which will make its way into the economy. The resulting inflation along with the resumption of taxation will keep America in bondage to 8-9% unemployment or higher and inflation to uncharted territory.
But then the ASSPRESS knows as much about economics as Obama--in other words just plain STUPID!
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Reply 4 - Posted by:
Chuzzles, 12/27/2012 10:12:25 AM (No. 9085666)
I agree with #1. We went over a long time ago. All this wrangling is just deciding how hard the slam will be when we reach the bottom.
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Reply 5 - Posted by:
oh-heck, 12/27/2012 12:58:15 PM (No. 9086049)
Don´t be surprised if a lot of companies abandon the blue states and move to TX. While NY has spent the last 4 years rewriting their fracking rules, TX has filled up the 900,000 bpd of new pipeline capacity and pushed state oil production up to 2 million barrels per day. No one drills for gas anymore, but the gas that comes with the oil has kept the price down at record lows. Now is a really great time to move an energy intensive plant to TX and generate your own energy in a right-to-work state with no state income taxes which has passed loser-pays tort reform. As a co-generation facility, you can sell your excess energy to the power companies and your emissions of CO2, SO2, and NOx will be compared against the emissions of the state average based mainly on coal.
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Reply 6 - Posted by:
JackBurton, 12/27/2012 7:28:07 PM (No. 9086591)
Folks, we´ve been over a cliff for four years. If it wasn´t going to be the taxes, it would be the regulations.
My prediction: Things will slow down, maybe a recession, fracking and oil discoveries will continue to provide improvement and china, russia and Europe will continue their declines making us not look so bad.
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Below, you will find ...
Most Recent Articles posted by "Attercliffe"
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Most Active Articles (last 48 hours)
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Most Recent Articles posted by "Attercliffe"
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Met defends Woolwich
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BBC News [UK], by Staff
Original Article
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Posted By: Attercliffe- 5/24/2013 7:42:35 PM
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The Metropolitan Police has defended the way it responded to reports of the killing in Woolwich, south London, after questions were raised about how long it took officers to reach the scene. The force said police were there within nine minutes of the first emergency call and firearms officers were at the scene five minutes after that. Mayor Boris Johnson was heckled when he visited the area. BBC London´s Home Affairs Correspondent Guy Smith spoke with Assistant Commissioner Mark Rowley, former Metropolitan Police Commander John O´Connor and Roger Gray, a former firearms officer.
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Navy Brig in Hanahan resurfaces
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Post & Courier [Charleston, SC], by Schuyler Kropf
Original Article
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Posted By: Attercliffe- 5/24/2013 7:03:47 PM
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HANAHAN--The U.S. Naval Brig is once again being mentioned as a leading alternative to put terror detainees on trial after President Barack Obama this week rekindled his push to shut down the terror-suspect holding site at Guantanamo Bay, Cuba. “I once again call on Congress to lift the restrictions on detainee transfers from Gitmo,” he said. “I have asked the Department of Defense to designate a site in the United States where we can hold military commissions.” Speculation immediately re-focused on the brig at Charleston as a leading choice where some of the 166 detainees could go on trial.
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Woolwich attack: Cheers for our
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Telegraph [UK], by Tom Whitehead
Original Article
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Posted By: Attercliffe- 5/24/2013 5:38:45 PM
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Proudly marching through the streets of York with cheers ringing in their ears, the men and women of 2nd Signal Regiment--recently returned from Afghanistan--were greeted by thousands of people lining the streets to welcome them home. In the hours after the murder of Drummer Lee Rigby by alleged Islamist terrorists in Woolwich, south-east London, on Wednesday, the Ministry of Defence had advised servicemen and women not to go out in uniform--an order that was promptly ignored by soldiers who refused to be cowed and almost immediately rescinded. 300 members of the Armed Forces were cheered by well-wishers who waved
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Daily Mail [UK], by Jenny Hope
Original Article
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Posted By: Attercliffe- 5/24/2013 3:51:42 PM
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People taking statins face an increased risk of developing diabetes, warn researchers. They found a 10 percent extra risk linked to taking simvastatin--the most commonly prescribed anti-cholesterol drug--which rose to 22 percent for those taking atorvastatin. Previous research into a suspected link with statins found a 9 percent rise in the chance of patients developing diabetes, but the new study looked at specific brands of drug. [Snip] Researchers identified 471,250 patients with no history of diabetes and who were newly treated with a statin, just over half were women and all were at least 66 years old. Statin therapy
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Graphic: terrorist attacks by al-Qaeda,
Islamist and Islamic terrorist
groups, 2001 - 2011
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Telegraph [UK], by Conrad Quilty-Harper*
Original Article
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Posted By: Attercliffe- 5/24/2013 10:04:14 AM
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The September 11 attacks on America was by no means the first act of terrorism carried out in the name of Islam. The 1993 World Trade Center bombings killed six, while the 1998 US embassy bombings of Dar es Salaam, Tanzania, and Nairobi, Kenya, left 223 people dead. However, the scale, horror and repercussions of 9/11--2,996 people dead, the World Trade Center destroyed and the Pentagon attacked--set it apart as a seminal moment that changed the course of history. [Snip] Subsequently, Islamist terrorists attacked Madrid in 2004, London in 2005 and Mumbai in 2008, among many other lethal and devastating
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Most Active Articles (last 48 hours)
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Criminality Appears To Lie at the
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New York Sun, by Lawrence Kudlow
Original Article
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Posted By: FlyRight- 5/23/2013 5:59:27 AM
Post Reply
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When you get right down to it, the political targeting and stalling of tax-exempt applications by the IRS was an effort to defund the Tea Party. Rick Santelli, one of the Tea Party founders and my CNBC colleague, was the first to make this point. I’ve taken it a step further: The IRS was taking the Tea Party out of play for the 2012 election, as it looked to avoid a repeat of 2010 and another Tea Party landslide.There are a lot of numbers out there.
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Eva Longoria graduates with
master´s degree in Chicano studies
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Los Angeles Times, by Nardine Saad
Original Article
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Posted By: NorthernDog- 5/23/2013 3:03:53 PM
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Eva Longoria is backing up her beauty with a whole lot of brain. The actress graduated with a master´s degree Wednesday. Longoria, 38, took home a real degree (not an honorary one) in Chicano studies from Cal State Northridge, where she physically attended classes for three years, according to TMZ. "Big day today!!! Very excited to graduate for my master´s degree in Chicano studies! You´re never too old or too busy to continue your education!" the actress wrote on her Who Say site Wednesday, sharing loads of pics of her big day, posing with her family, cohorts and diploma.
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Mark Levin Tears Into Obama: ‘Flat-
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Nothing About IRS Targeting
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Mediaite, by Josh Feldman
Original Article
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Posted By: KarenJ1- 5/23/2013 9:48:28 PM
Post Reply
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Conservative radio host Mark Levin is very skeptical of the idea that President Obama had absolutely no idea about the IRS tea party targeting before the story broke in the news mere weeks ago. Levin declared adamantly that it is a “flat-out, bald-faced lie” that Obama didn’t know beforehand, citing prior reports by a few conservative news outlets picking up on the news well before the 2012 presidential election. Levin said, “I don’t believe for two seconds that Obama wasn’t aware of this.”
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Obama nominates Nuland for
assistant secretary of state
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Politico, by Reid J. Epstein
Original Article
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Posted By: KarenJ1- 5/23/2013 10:08:52 PM
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President Obama on Thursday nominated Victoria Nuland, a State Department official involved in the editing of the administration´s talking points on Benghazi, to be the next assistant secretary of state for European and Eurasian affairs. Nuland, a career foreign service officer who was until recently State´s top spokesperson, had long been expected to be nominated the post to replace Philip Gordon, who Obama picked to serve as Middle East coordinator for the National Security Council. Nuland´s nomination -- which requires Senate confirmation -- could come under scrutiny from Republicans who see her as playing a central role in shaping
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Why was the Department
of Homeland Security monitoring
Tea Party IRS demonstrations?
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American Thinker, by Sally Zelikovsky
Original Article
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Posted By: magnante- 5/23/2013 8:09:21 AM
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What´s so interesting about 60 tea partiers protesting the IRS in San Jose, California on Tuesday, May 21st? The fact that this bit of information was conveyed to the protesters by a Department of Homeland Security officer who was also in attendance. What was a DHS agent doing at the San Jose Tea Party protest? (snip) they weren´t just spying on us in San Jose and monitoring us in San Francisco, they were watching us throughout the entire state
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Anthony Weiner says Houston
psychiatric facility made
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Houston Chronicle, by Nicole Narea
Original Article
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Posted By: Dreadnought- 5/23/2013 10:52:02 PM
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Anthony Weiner’s New York mayoral candidacy was only made more improbable today after he revealed that he visited a Houston psychiatric facility following his resignation from Congress in 2011. Haunted by scandal surrounding his sexually explicit online communications with women, the Democratic former congressman sought treatment for his compulsive behavior from mental health professionals at the Gabbard Center. According to its website, the facility provides “3-day outpatient psychiatric evaluation,” particularly to “professionals who are in personal or professional crises.” While Weiner did not disclose
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The Mystery Night
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Politico, by Rich Lowry
Original Article
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Posted By: RappVol- 5/23/2013 7:36:59 AM
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On “Fox News Sunday” last weekend, White House aide Dan Pfeiffer was asked about President Barack Obama’s whereabouts the night of the Sept. 11 attack in Benghazi. This was the night when we lost our first ambassador in 30 years, and when three other Americans were killed in an attack that lasted all night long at multiple locations within the eastern Libyan city. Since the president is commander in chief, one would think where he was and what he did during such an event would be of obvious public concern.
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