Where We Are After The Fiscal Cliff
Perhaps you remember the stress that the nation felt around Thanksgiving and all the way through Christmas of last year. That anxiety, for once, had little to do with the holiday season and everything to do with the beginning of 2013. Normally, all we have to worry about on New Year’s Eve is what party we plan on going to or what you plan to wear. Instead, this past New Year’s Eve left many Americans figuratively on the edge of their seats as they waited in anticipation about what was to become of the U.S. economy as we approached that steep fiscal cliff. As it would turn out, we did not take a tumble off of the edge.
“Two pieces of news Monday morning show a corporate sector that was in an expansionary mode at the end of 2012. Companies seemed to have ramped up their spending on big, heavy, long-term investments as the year came to a close. And that, coupled with some other recent numbers, point to one of the more promising trends for the economy in 2013. There are growing signs that Washington’s dysfunctions are less of a drag on the economy than many of us thought.
The Commerce Department said that durable goods orders rose a surprisingly strong 4.6 percent in December, and that orders for non-defense capital goods excluding aircraft—a handy measure for investment spending, rose 0.2 percent.
And while Caterpillar, the giant maker of construction equipment, reported lower fourth quarter sales and profits than a year earlier, the numbers held up better than analysts had expected, and for the full year 2012, the company recorded a whopping 10 percent gain in sales and 15 percent in profits.”
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2 Responses to Where We Are After The Fiscal Cliff
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Oh you thought it was going to happen suddenly, no, no, no, it has not hit the fan yet! We are borrowing 1 Trillion dollars to hold us over until April.
That also is when the cuts kick in. No you have not seen anything yet! I’m waiting to hear the spin excusing or placing the blame every
where except on President Obama. The love fest goes on!
I don’t know why blacks don’t see how we are being screwed by the President, why just today he is going to allow (they say 11 million Illegals to get on the benefit’s you now receive, I think their are more like 22 million)
Just wait lemmings, we are in free fall over the cliff.
Onesilverbac
January 30, 2013 at 2:04 am
You are absolutely right,i am a social construct (black)and i knew what his election would mean for every decent human being living.He is a puppet and would they are finish with him ,he goe,s too.It is up to the people to pass the word and let everyone know who is responsible for the carnage on our planet.These people are evil and everything that happens bad they are responsible for.That includes every conflict that has ever happened.If we fail to stop these people there will be no more WORLD.We fight all the time,the race stuff,but it is only a diversion,while they slowly kill as many of us as possible.The Georgia Guide Stones are no joke.
Charles
January 30, 2013 at 2:18 am