Another Recession Next January?

Fareed Zacharia on his Sunday morning CNN TV show had a Mr. Laurence Fink on from Blackrock which is a very successful investment company. He was saying how if we don't address the upcoming sequester and tax cuts ending by next December that we will inevitably go into another recession as a country by next January. He was also saying how most investment CEOs are keeping as much money as possible in cash because no one trusts how the U.S. Government is presently dealing with it's debt or more precisely how the government is "NOT" dealing with its debt because there is no one to compromise between two completely different visions for solving the debt crisis. In the Republican view it would throw the poors needs out and instead put the money into the military. IN the Democratic view it would take care of the poor but not necessarily pay off our debts. But because there is no compromise possible between these two completely divergent views a Recession might be inevitable in January and the blame will inevitably fall on both parties if this happens not just one. Mr. Fink said right now companies are buying back their own stock because they are scared about the way the government is doing things. But that this does not create any jobs. Investment companies need to be able to feel safe enough to make investments that create jobs that cause exponential job growth. But under present conditions that cannot happen. However, what he also said was that he supported Obama for another term to finish what he started. The way he put it was that Obama needed to finish what he started and to make investors all over feel safe enough to invest their money in a way that might actually create jobs and exponential growth in the U.S. and abroad once again.