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Republican Sellout Invites Stagflation

Doc W Wrote: Dec 22, 2012 10:31 AM
R vs D, Tweedledum vs Tweedledee. There's little sense in having two parties if they both do the same stupid things. In many ways, Obama is just Bush III. Boehner is pathetic He actually kicked fiscal adults off committees to grease the wheels for a deal with Obama. The little slap he just got in the face was well-deserved.

While it may not be a surprise that the Republicans are preparing to yield on their vow to oppose tax hikes, it should raise investor concerns the world over that an upcoming budget agreement will likely involve a Congressional surrender of its authority to set the federal debt ceiling. In exchange for this, it appears that the Republicans have simply done nothing to halt, or even curb, the dangerous federal spending trajectories or the current drift towards greater state control of the economy. President Obama has politically outmaneuvered the Republicans, even going as far as evoking the Newtown massacre as...