Thread: Fiscal cliff...
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Old 11-12-2012   #31
Kracka
R U DTF bro?
 
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Join Date: Aug 2003
Location: Oak Point, TX
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Re: Fiscal cliff...

We're fucked, but the economy needs to be spurred in order to avoid things getting much worse. A tanking stock market is definitely what we did not need, but I (and many others) predicted it would happen if Obama won. There were a lot of people betting big that Romney would win it and the market would jump up, unfortunately, the opposite happened. Corn, after holding steady for a bit, fell, which can be good and bad depending on how you look at it. Oil has been volatile, but overall held steady (this surprised me a bit, but lack of demand does account for this). Businesses need to feel confident enough to start releasing cash stocks for investment, hiring, growth, etc. This will not happen with potential tax increases on the horizon though so in the meantime cash reserves will be held tight. Obama claims he is a champion of small business, now it's time for him to live up to his words and convince the free market that he actually is.
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