In response to:

Republicans' Ace in the Hole: Simpson-Bowles?

debir Wrote: Dec 01, 2012 9:18 AM
But, as production ramps up, the price of oil is going to fall. That's great for America's consumers, POTUS, but terrible for oil investors. You have to be very careful ! It's important to understand how this is likely to change Pres-politics in a way you never dreamed was possible. In American history the 2-x we experienced real tyrannical Pres, w/revolutionary, liberal, progressive, socialist policies, correlate directly with oil booms. We know the combo of a popular, Socialist POTUS w/vast new oil riches leads to radical politics. That's what's very likely to happen over the next-4-yrs. Get ready, be prepared, before it's too late ! "We Must Stop the "Fake-Phoney-Fraud Obamination !" pro.stansberryresearch.com/1210THIRDLIA/OPSINB01

Democrats appear to have the upper hand on the politics of the fiscal cliff, which might explain their brash pronouncements and mind-blowing conceptualization of "compromise."  This morning I outlined three possible contingencies for Republicans, none of which is especially attractive.  But is there a fourth way?  The GOP's dilemma is a doozy.  Their opponents, emboldened by the election, are pushing for counter-productive tax hikes on "the rich" -- a politically popular...