In short, since neither party wants to address the real issues, compromise on their ‘principles’ with the other party, and continue to kowtow to special interests, we’re screwed.

The “fiscal cliff” and long-term government deficit issues are weighing heavily on the minds of finance professionals, and they do not expect business conditions to improve regardless of the results of the Nov. 6 presidential election.

Three-fourths of 949 executives who responded to a survey at the annual conference of the Association for Financial Professionals (AFP) this month reported that they believe overall economic conditions will weaken if various tax law provisions expire and mandated government spending cuts go into effect as scheduled in January 2013.

Respondents rated implementing changes to avoid the fiscal cliff as the second-most important issue for federal elected representatives to focus on after the election. The most important issue to respondents was resolving long-term government fiscal and deficit issues, identified by 63% of finance professionals in the survey.



  1. McCullough says:

    I’ll be the first…..Well, duh.

  2. MikeN says:

    “Three-fourths of respondents in the AICPA survey said their optimism about the economy would increase if the government were to extend tax cuts originally passed during the George W. Bush ”

    So basically they hate Obama’s ideas and are skeptical that Romney would be able to implement his ideas. Uncle Dave goes into overdrive to spin it as no hope and no change.

    Romney is the light and the future. Go towards the light.

    • Uncle Dave says:

      You’re forgetting Congress. No matter who is elected, they are still the boneheads who have to actually pass legislation before the Prez can act on or veto it. Good luck with getting them to agree on anything.

      • MikeN says:

        Your summary doesn’t say that, it says that neither party is willing to compromise on its principles. Yet the Republican Platform is what is being called for by this group, cutting deficit, renewing Bush tax cuts, repealing ObamaCare (which they call something else), even eliminating the sequester.

        • bobbo, one Real Liberal making Obama a Moderate Conservative by comparison says:

          Jebus H. Christ on the Cross are you so PARTISAN you can’t even think of the Dumbocrats as a “party” making up half of Congress?

          Even when its the exact point being discussed?

          Over Under “Bet of th Day”–Unc Dave is not responding to your post because he can’t stop laughing, or he’s thunderstruck by your stupidity.

          Hmmm. Thats a stumper. I have to think he’s a little of both with a whole lot more of better things to do.

          I’ll supercede the issue: who cares what business “leaders” think. Whatever they want======> DO THE OPPOSITE.

          Whats bad for parasites, is good for America.

  3. MikeN says:

    Mitt Romney didn’t get the endorsement of David Walker easily. In fact, earlier this year Walker, the former head of the Government Accountability Office under Presidents Clinton and George W. Bush, was openly flirting with running for president as an independent candidate, sounding a Paul Revere–like alarm about the federal debt. He might even have had significant resources from the likes of New York mayor Michael Bloomberg and financier Pete Peterson.

    But Walker now says the dismal fiscal record of the Obama administration — especially his refusal to take seriously the report of the Simpson-Bowles Commission — has compelled him to support Romney.

    “I believe that Governor Mitt Romney is the clear choice for president,” Walker wrote in today’s Washington Times. “He has proven leadership ability in all sectors of our economy.” In the spring, Walker had been equally critical of both candidates telling MSNBC that neither man has “a credible plan to restore fiscal sanity.”

    • tcc3 says:

      Theres was no Bowles-Simpson report. No consensus was reached because Ryan and his cronies would not even discuss revenue. The unofficial report recommended raising taxes *and* cutting spending.

  4. Taxed Enough Already Dude says:

    Now for the rest of the story, studiously being avoided here at DU.

    Bush and Cheney were able to direct Katrina into New Orleans from the boat they used to blow up the levees….

    So why is the Media strangely silent as the Republican Weather Control sends Sandy into Blue states to stop honest good hearted citizens from voting for Obama?

    I wouldn’t be surprised if Cheney and his Liz his daughter are in a secret undisclosed location whipping up the Noreaster to colloid with Sandy in New York….causing the loss of the State to Romney because as we all know, Republicans being Reptilian thrive in water and wind and will bask in it while voting…

    Obama should postpone the election till 2016, after he has repaired the Damage Republican crackers have wrought.

    DU should poll the question.

    • MikeN says:

      It’s true. And they aren’t being subtle about it. Check out the picture on the side at weather.com.

      Ground zero is New Jersey, with major damage to New York,Philadelphia, and Delaware, as well as Maryland and NORTHERN VIRGINIA, where all the Democrats are. Then it turns, taking out Pennsylvania, and goes through the rest of New England. Plus the effects of the hurricane are expected to cause flooding in CHICAGO. Expect a West Coast tsunami polus an earthquake in Albuquerque.

  5. Giants Fan says:

    Who cares who is president! Either party in ‘congress’ will thwart any good that either party can come up with. At least we know what to expect with Obama.

    Oh, and the SF Giants won the World Series!

    • Taxed Enough Already Dude says:

      I agree, Obama would lower the seas if the Republican Weather Machine and the uppity crackers didn’t stop him at every turn.

      Our most clean and articulate President ever tried and tried, flying to Florida only to return to the White House defeated by the evil mastermind Bush.

    • The Monster's Lawyer says:

      I Agree! The SF Giants did win the World Series!

  6. ECA says:

    SAVE the economy,
    SEND all these idiots HOME..
    When did this nation change from a republic democracy to a GIANT BUSINESS MODEL?
    The only reason they are here(corp head quarters) is that they can make MORE MONEY in the USA and hide it, much easier.

    In other nations they would be in jail or on the chopping block. INCLUDING BANKERS.

    Also, DROP the limit of paying into Social sec. If they make over $100k they no longer need to pay anything over the Limit.

    Simplify the TAX LAWS..make them SIMPLE. esp. for the rich. this would HELP THE IRS find money, and know how much to charge the RICH CORPS..

  7. ECA says:

    PS.
    you want competition?
    thats EASY..OPEN the borders to foreign companies..
    THEN we can see how well they can compete. as well as BETTER/worse products hitting the market.

    Insted of seeing HOW MUCH CHEAP CRAP the USA corps can bring into this nation, at least you can watch the prices drop on them..IF they are direct from the makers.

  8. dusanmal says:

    Neither side? The only possible solution is to strengthen economy through lessening government load on it. Nothing else can work. One side have actual proposed budgets (with actual cuts in Government spending) and actual proposals to significantly lessen bureaucratic load on economy. Obama continuing: Weimar/Argentina/Zimbabwe II. R/R taking over: Kennedy/Thatcher/Reagan II. Both strategies have historically proven records, those economists just won’t look beyond their own ideology.
    And don’t bother with “Bush economy” spin. He was Right Progressive, spending with no end. Cutting all spending and taxation and regulation is the only positive answer. Not cut taxes raise spending of Bush or even “believe that Democrats will cut spending later” bamboozle of Reagan in his second term. Real cuts now.

  9. msbpodcast says:

    When was the last time a sitting president president brought a single job?

    Seriously…

    We’d do better picking our representatives at random.

    This election crap is getting old…

  10. dieta says:

    According to several surveys, nearly one-quarter to one-half of therapists sampled lost a client through suicide. An important step therapists should take in working with potentially suicidal clients is carefully documenting all concerns and decisions. Such records will prove critical to a later defense should a therapist be sued, and the quality of such documentation may determine whether a defense attorney will take the case (Simpson & Stacey, 2004). Lawsuits against mental health professionals remain fairly rare (though on the rise), yet client suicide accounts for a significant proportion of them. The wise therapist will become familiar with the legal aspects of suicide in advance of being forced to learn them (see Baerger, 2001; Feldman, Moritz, Benjamin, et al., 2005; Gross, 2005; Gutheil, 2004; Packman, Pennuto, Bongar, et al., 2004; Remley, 2004; VandeCreek & Knapp, 2000; Weiner, 2005).

  11. A Man says:

    Democrats cling to the Keynesian approach. Republicans wish to restore the policies of Herbert Hoover. Neither will work. Our world has changed much since 1929.

    If we are to avoid a Max Headroom future, someone must have the brains and courage to stand up and clearly state the cause of our problem. Does such a person exist? And would we know the truth if we heard it? And would telling the truth even be allowed?

    Film at 11.

  12. deowll says:

    Depends. Nobody is going to throw a switch and magically make things all better. Obama will, if given the option, finish killing the economy along with the dollar as a medium of exchange. That will pretty much finish us off as a super power as well. What’s the worst that can happen besides us having to turn over Hawaii to them to pay down our debt? I’ve never been there so I won’t miss the place. I can grow a garden so I hope to be able to eat at least as long as I can work it. Those that can’t are the ones that will starve.