Let Them Eat Squirrel
Get ready for all the funtastic unintended consequences of Obamanomics II: The Wrath of Khan. The WSJ has the chilling details:
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 traded corporate spenders have announced plans to curtail capital expenditures this year or next, according to a review by The Wall Street Journal of securities filings and conference calls.
Nationwide, business investment in equipment and software—a measure of economic vitality in the corporate sector—stalled in the third quarter for the first time since early 2009. Corporate investment in new buildings has declined.
So. How about them lady parts?
Currently, the counter-narrative is that the lack of investment is solely due to “uncertainty” about the fiscal cliff. I suppose we will have to wait until Q1 2014 results are in to be able to refute that.
I don’t know about you, but I’ve been pretty certain for over four years now.
Those who vote with their genitalia don’t have the resources to discover $9 birth control pills at Target. What makes you think they can connect these dots together?
They can always sell them.
Most of them already do.
When their breasts hit their beltline, they’ll find that a poor retirement plan.
The drifting away from the research and development by the private manufacturing industry has been going on for some time because the tax situation. It has of course accelerated since 2008. The R&D coming out of the universities has been degrading and that which has commercial value has been getting put on shelves or in some cases went overseas.
Right now the game is like that old joke about the two Chinese who were marooned on a desert island and survived by doing each others laundry.
And how many of these companies donated to the Obama campaign?
And how many of these companies donated to the Obama campaign?