.: Craig R Smith on Fox Business with Neil Cavuto-October 18, 2012

Craig R Smith on Fox Business with Neil Cavuto-October 18, 2012

The President is playing with fire, and it is the taxpayers who will get burned, said author and Swiss America Chairman Craig R. Smith to Fox Business anchor Neil Cavuto on Thursday night. Smith explains... Today 14 of 17 economists are warning of a severe recession if the Bush tax credits are not extended into 2013. This could trigger a further downgrade of the U.S. credit rating. This is bad news for the future of our nation and illustrates that our president has no concept of free market economics. In fact, his dislike for achievers is truly surprising.

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Swiss America Trading Corporation

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Are the Fiscal Cliff worries being ignored? Neil Cavuto and Craig Smith say they are. If the Bush tax cuts are allowed to expire all while the automatic spending cuts kick in, we will see massive job loss and much higher taxes for the Middle class. The average American will be the most adversely affected by this. According to Smith, this is a predictable and avoidable crisis, but neither side is willing to do what needs to be done. That is why 14 out of 17 economists say this will put us into a recession overnight killing any hope of recovery. This problem is more critical that the European debt crisis yet is being swept under the rug.