How will Going Off The Cliff effect Sales..?

[JohnnyNight]

Hi All,

Most everyone here with some years of experience may have good idea about this.

It seems to me the Cliff is going to happen, a significant slide in sales may seem small to a possible crash of the whole economy, but wondering what you thought.

[edgeprod]

Cliff on Jeopardy is a Fiscal Cliff, no?

[CurrentlySober]

Stally has an itchy cliff..

[AutumnBH]

I was also reading that the Alternative Minimum Tax could / will cause a massive increase in taxes for a huge chunk of the US population: http://www.huffingtonpost.com/2012/1...n_2128695.html

Combined with the Fed keeping interests rates artificially low and printing massive amounts of money, 2013 is going to be a rough year.

[JohnnyNight]

Ouch..... Meeting is such sweet sorrow..

[Robbie]

Johnny Clips is 100% correct.

The so-called "fiscal cliff" is actually The Budget Control Act of 2011 which last year was created by Congress and totally endorsed by President Obama.

Both Republicans and Democrats were all congratulating themselves on it. They were finally going to do something about the nations debt after we lost our "AAA" credit rating as a nation.

But as soon as it started to become a reality...and all these politicians started realizing that they weren't gonna be able to deliver the Federal dollars to their cronies back home (just imagine the Senators and Congressmen who are from states with big military bases for instance)...they started panicking and calling it the "Fiscal Cliff" as if it was something really, really bad.

And all the news media (which are owned by corporations with money at stake in other holdings as well) followed suit and started calling it the "Fiscal Cliff" as well.

It's all intended to panic the general public and make us all relieved when in the end they reverse The Budget Control Act Of 2011 and go back to spending like drunken sailors.

Remember...just last year they were triumphantly announcing this as a great thing. Now, it's a "Fiscal Cliff".

[DWB]

Originally Posted by Robbie

Johnny Clips is 100% correct.

The so-called "fiscal cliff" is actually The Budget Control Act of 2011 which last year was created by Congress and totally endorsed by President Obama.

Both Republicans and Democrats were all congratulating themselves on it. They were finally going to do something about the nations debt after we lost our "AAA" credit rating as a nation.

But as soon as it started to become a reality...and all these politicians started realizing that they weren't gonna be able to deliver the Federal dollars to their cronies back home (just imagine the Senators and Congressmen who are from states with big military bases for instance)...they started panicking and calling it the "Fiscal Cliff" as if it was something really, really bad.

And all the news media (which are owned by corporations with money at stake in other holdings as well) followed suit and started calling it the "Fiscal Cliff" as well.

It's all intended to panic the general public and make us all relieved when in the end they reverse The Budget Control Act Of 2011 and go back to spending like drunken sailors.

Remember...just last year they were triumphantly announcing this as a great thing. Now, it's a "Fiscal Cliff".

This.

[Barry-xlovecam]

A short term slowdown.

I expect the new session of Congress will probably offer some new tax reduction and relief to the under $200K/$250K AGI income level retroactive for the 2013 calendar year.

I can't imagine any politician expecting re-election voting against a targeted tax cut ...

[Robbie]

Originally Posted by Barry-xlovecam

A short term slowdown.

Yep, caused by the media hype as they pound it into our heads that it's a "Fiscal Cliff" instead of a way to start paying down the national debt.

Once people see the reality of it, then we'll see things pick back up.

The Federal govt. is in full panic at the thought of having to make real spending cuts.

[StickyGreen]

[StickyGreen]

Get ready for hyperinflation...