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Fiscal Cliff Creates Problems That Don't Faze Obama

Longplay Wrote: Dec 13, 2012 8:56 PM

Glad to someone the Right acknowledging that Obama is not your typical President. He said he wants fundamental change, and he meant it. He wants his name in the history books as the o e who did it, for good or ill. Its all about him and his "legacy". That he enriches himself at the nation's expense is merely icing on his cake.

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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