Eighty big corporate CEOs are issuing joint statements through Murdoch's Wall Street Journal about the dangers from Congressional inaction on the fiscal 'crisis'. They talk down the economy, they are making announcements about layoffs, highlighting below expectation earnings, and generally spreading panic based on Congressional inaction on the 'fiscal cliff'.
Just before the election, coincidence? Probably not. Nothing about the 'fiscal cliff' requires immediate action, they aren't laying off people because of it, if they are really laying off people at all. Demand creates jobs, not corporate CEOs.
It doesn't matter what the 'lame duck' Congress or the President does right now about any of 'fiscal cliff' items. The Republicans demanded it be set up this way, when they were holding the country hostage over the debt ceiling.
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