US President Barack Obama may have scored a political victory when he made good on his election pledge to raise taxes for the very wealthy and increase welfare spending at the beginning of 2013. But critics say it was much less of a victory for the economy. It leaves in place a fiscal tightening while doing little to arrest the escalating national debt in the long term. And, rather than help the poor, it could reduce the number of job opportunities which are already in scarce supply.

THE US job market remains severely depressed, with more than 12 million Americans out of work.

The unemployment rate, which had been stuck at 7.8 per cent since Se...

Unlock the report
8.95 EUR
 
Secure, instant payment by credit card or bank transfer
Ambassador Terry Miller
Entrepreneurs and job creators are undoubtedly going to be hurt by the fiscal cliff deal, but poorer Americans could also be badly hit
read more about it in the report
Who will benefit?
  • Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
  • Also considered useful for the administrative university facilities, to better understand the possibe effects of current decisions.
By clicking "I Agree" below, you acknowledge that you accept our Privacy Policy and Terms and conditions. Feel free to check out our policies anytime for more information.
I agree