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Fiscal Cliff Creates Problems That Don't Faze Obama

Grannysue Wrote: Dec 13, 2012 8:30 PM
Yes, he stole the election. He does not have the mandate from the American people he needs nor will he have. He may have his useful "Idiots" but there are plenty of people who are quite aware of what he is doing to our country.
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...