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Fiscal Cliff Creates Problems That Don't Faze Obama

coveyrise Wrote: Dec 13, 2012 9:37 AM

I'm afraid Barone and most Americans have gravely underestimated Barack Obama. Right now he is in a "No Lose" situation as he sees it. Just as FDR was back in the early 30s. If we go over the cliff and hit another recession more people will become dependent on Government Handouts which Obama will gladly give them. If this happens he becomes the hero for several million more voters. If Republicans cave in he claims victory and appears to be the hero for saving the country. Then he will move to nationalize the energy industry and take advantage of the coming oil and natural gas boom. If he does this you can look for a Third Obama Term through declaring Martial Law under his Executive Order of last March.

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Fiscal Cliff Creates Problems That Don't Faze Obama

Is Barack Obama bluffing when he threatens to go over the fiscal cliff if Republicans refuse to agree to higher tax rates on high earners?

Some analysts think so. Keith Hennessey, a former top staffer for the Bush White House and Senate Republicans and a veteran of budget negotiations, argues that Obama's whole second term would be blighted if he allows the fiscal cliff tax increases and sequestration budget cuts to take place next month.

His argument is based on three assumptions. One is that going over the fiscal cliff would trigger a sharp recession and a weak economy thereafter. Many...

Related Tags: Campaigns and Elections Recession Barack Obama John boehner Fiscal Cliff Alexis de Tocqueville