Adults say fiscal cliff to impact obtains This transcript is promptly generated It's ready to go fiscal cliff diving apparently a lot of businesses and shoppers already afraid it'll fall tell everybody i'm charles man if for no good and what the holiday shopping season under way a lot of consumers are saying no way over fifty percent saying uncertainty around the fiscal cliff will impact your spending. And it's business it's consumer about philanthropic organizations that have no idea what kind of write people gonna get if they give to charity next year. The longer this goes this one of the worst not to mention that the outcome probably gonna be even more war says taxes are gonna go up of course they'll be no spending cuts. It does sound ominous you have somebody who reads the wall street journal. It's creeping into it every day they ever lexicon each and whenever you pick up the newspaper or watson is the fiscal cliff the fiscal cliff. You know could be the us did i don't know the intimidation factor actually be worse than you go over the cliff. I think it's a brilliant playing charles everywhere and over the cliff for a few months the couldn't survive that enormous but uncertainty is a very bad word. Fear is a really really really bad and these are the words that i governor throughout the economy today and it's imperative the immigrants. http://www.wafia.com.au/ But they're all arms all in the finding compromise absolutely imperative that you we think about i think if you look at the look you cannot dismiss this particularly when you're on the left as some thing as hocus pocus and it's fairmont great. You can look at the numbers bear it out you look at the http://www.wafia.com.au/pandora-bracelets.html list of companies they're pulling back spending of some of the biggest names in north america. Whether a wal mart afford at disney you name it. And no company might commit new money. Two new jobs if they do not know right what's gonna happen in a matter of weeks you're seeing the same thing with it's early and this is the kind of spending that has long term ram and by the way and building factories and up buying buildings and this has long term to have and i think we should make we we should make appointed these companies are not cutting back because of the fiscal cliff. Falling now they are cutting back because what they fear from president barack obama. Getting his way in terms of higher taxes in terms of higher dividend taxes higher taxes and you will discover piece to the economy and and don't believe me go out there and talk they started cutting back. Wait before they start Pandora Glass Beads we wanna take this guy at and which is the and is the from the fiscal cliff is really bad. But the remedy offer by pres obama of massive taxes is not that good. What do you make of that that this is just the pandora's box this is only the beginning. The fiscal advanced point maybe could have a short term impact but effectively the trend of higher taxes charlie point to charlie's point. It's what companies are really afraid of i i totally disagree that i think the of businesses. Has shown that to be wrong and i talked mostly what i business later oh what well i finish the point charlie just said sarah image to indicate about this will give us all the tell that i think businesses i think businesses.

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