A coming recession?

[Coito ergo sum]

http://www.forbes.com/sites/merrillmatt ... n-of-2013/

After campaigning hard for his new soak-the-rich tax increases, President Obama—er, I mean President Franklin D. Roosevelt—won reelection in 1936. A solid Democratic Congress dutifully passed the tax hikes, which quickly led to what’s known as the “Roosevelt recession” of 1937. If President Obama wins his reelection bid and gets his tax increases implemented, we will get the “Obama recession” of 2013.

The last recession has been officially over for more than three years, though it certainly doesn’t seem that way to millions of struggling and unemployed Americans; and the country is perilously close to falling back into another.

While the president boasts of steady, albeit slow, economic growth:

The economy only added 96,000 jobs in August, down from 141,000 in July and a January-March average of 226,000 a month;
Applications for unemployment benefits rose from 367,000 in August to 382,000 (though economists think some of that increase was due to Hurricane Isaac);
Manufacturing declined for the third month in a row in August;
And U.S. rail traffic, a leading economic indicator, was down 3.4 percent from the same period in 2011.
The economy is staggering under the load of Obama’s policies, making it increasingly likely we will soon slip into a double-dip recession.

Boeing Announces Big Layoffs: http://www.cnbc.com/id/49729998

Pappa John's, Applebees, warn of economic impact: http://www.policymic.com/articles/18906 ... -you-fired

[Animavore]

Haters gonna hate

[Jesus_of_Nazareth]

On the upside, if the Japs attack Pearl Harbour you will be OK.

[Tero]

[Coito ergo sum]

Economic Signals Point to a 2013 Recession
The latest numbers for durable goods and personal income send an alarming message. Will it be heard? http://online.wsj.com/article/SB1000087 ... 13060.html

[Gawdzilla Sama]

[Coito ergo sum]

[Gawdzilla Sama]

Image

[pErvinalia]

How is taxing the rich going to cause a recession?

[Coito ergo sum]

How is taxing the rich going to cause a recession?

That's not the only thing happening.

[Tero]

Need another stimulus! Let's borrow.

[pErvinalia]

How is taxing the rich going to cause a recession?

That's not the only thing happening.

But that's what the quote from the article in your OP was inferring.

[Coito ergo sum]

How is taxing the rich going to cause a recession?

That's not the only thing happening.

But that's what the quote from the article in your OP was inferring.

No, it wasn't inferring anything. You were inferring. At most, it would have been implying, but it wasn't even doing that.

The economy only added 96,000 jobs in August, down from 141,000 in July and a January-March average of 226,000 a month;
Applications for unemployment benefits rose from 367,000 in August to 382,000 (though economists think some of that increase was due to Hurricane Isaac);
Manufacturing declined for the third month in a row in August;
And U.S. rail traffic, a leading economic indicator, was down 3.4 percent from the same period in 2011.
The economy is staggering under the load of Obama’s policies, making it increasingly likely we will soon slip into a double-dip recession.

Among other things.

[pErvinalia]

If President Obama wins his reelection bid and gets his tax increases implemented, we will get the “Obama recession” of 2013.

[pErvinalia]

So anyway, why will tax increases contribute to a recession?