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Recession. Depression. Deficit. Debt. The economy is “bad”. The latest verbiage is “fiscal cliff” and apparently the U.S. is teetering off of it.
Some commentators are encouraging so-called “higher taxes for the rich” and others say that the latest plan is not enough.
Here are some numbers pointing out the losses and gains for big corporations, in either scenario. The NY Times is also interested in educating you on this subject if you have more time and are particularly enthusiastic. At least check out the cool charts!
T-minus 5 weeks.
[Note: this post has been updated from its original draft to correct an error that mistakenly identified inauguration as the 1st fo January.]