No - the recession will not come because of regulation upon business. If it comes it will come artificially/on purpose - because of arbitrary Fiscal Cliff law put in place by an obstructionist Republican Congress, when the Obama Admin and the Fed needed to fight the recession by getting the debt ceiling raised. But I actually shouldn't have been so certain in my statement - I really don't worry about it too much (recession re-appearing) now, because like I said it won't come if they compromise and avoid the arbitrary "Cliff". And I believe they will.

I am 100% completely certain recession would have come under Romney/Ryan. Their proposed austerity would have crushed the economy. I find it odd that an austerian would be talking about his subject, because in a weak economy austerity automatically = causing a recesssion.

This is a meme that just isn't true. They don't pay 85% of the tab ... Federal income tax only accounts for about 1/3 of revenue... the rest coming from corporate, payroll and other taxes.

When conservatives like Bill Kristol come clean on the issue, it is time to give up that argument.

http://www.huffingtonpost.com/2012/11/1 ... r=Business

Corporate, payroll, and "other" taxes are paid by the top 10%.

Not corporate - those are separate. And not nearly as much or equally, on payroll taxes (which is roughly equal to all fed income taxes) ... because it is regressive (capped).

You actually believe the crap spewing out of MSNBC? I used to respect you, but now I laugh at you. A joke is a joke and you have proven to be one.

LOL ... I don't watch MSNBC, but regardless I'll just let you argue with the CBO.

http://www.cbo.gov/publication/43694

http://www.cbo.gov/publication/43539

Or... Bill McBride at Calculatedrisk.com ... one of the most respected (and completely apolitical) financial bloggers out there.

http://www.calculatedriskblog.com/2012/ ... ement.html