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Politics : Politics for Conservatives -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (2216)	12/20/2012 8:49:03 PM
From: Keith J	Read Replies (1) \| Respond to of 125095

It was an ill-fated proposal from the get-go. I'm not even sure why Boehner pushed for it. KJ

To: Bearcatbob who wrote (2216)	12/20/2012 8:50:16 PM
From: skinowski	1 Recommendation Read Replies (1) \| Respond to of 125095

The default they call "fiscal cliff", basically, implies that taxes will increase and there will be cuts - but relatively mild ones, and mostly from the military. So, I have a hard time understanding why would Obama ever try to avoid it. He has a built in victory. And the Congress failing to get anything done will simply give the Prez a better reason to blame the Republicans, for any hardships or bad feeling. Edit -- in other words, because they made a stupid original deal, now the Republican side is under far more pressure. ...yeah, futures reacted strongly. The DOW was down 245 a few minutes ago, now it's moderating a bit.