http://www.buzzfeed.com/zekejmiller/white-house-going-over-the-fiscal-cliff-would-des
i'm luvin' this Pres. is on his game hit them before they can perverse the issue.
WASHINGTON — With economists eying the holiday shopping season as a key indicator of the health of the American economy, the Obama administration estimated that congressional failure to act on the "fiscal cliff" would cut $200 billion off consumer spending in 2013.The report from the National Economic Council and the Council of Economic Advisers released early Monday — "cyber Monday" — is designed to increase pressure on Congress to reach an agreement on the looming spending and taxing issues, as well as raise public awareness of the upcoming decisions to the same end.Failure to maintain lower tax rates for the middle class and failing to patch the Alternative Minimum Tax(AMT) could cut the slash of real consumer spending by 1.7 percentage points in 2013, according to the report. That change would result in a 1.4 percentage point cut in real GDP — the difference between steady growth and stagnation, or worse.A more immediate fear is the impact of the negotiations on consumer confidence. The White House report highlights the sharp decline in sentiment during the debt-ceiling negotiations last summer, and a similar effect at this time of year could have brutal effects on the nation's retailers.
once again i ask you to note the ball is in the congress's 170 republicans court. it's on them Pres. only signs not legislate this time they can't kick their dirt on his shoes.
now you get to see who's lookin' out for you.
