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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (42847)	12/31/2012 7:55:52 AM
From: Vendit™	Read Replies (2) \| Respond to of 222044

The reality of this is that anything that gets passed to include tax increases, an increase in the debt ceiling has to be passed by the House which is controlled at this time by the 50-60 true conservative Tea Party members and that is not going to happen. Obama knows this and is why he called on the republican House to come back to Washington so he could grand stand and eventually blame the republicans for going over the cliff. Why do the democrats seem to think that compromise means that republicans have to back away from their core beliefs in lower taxes, less government spending and a smaller government? I will reiterate once again that 76% of all newly created jobs under Obama have been federal government jobs. This coupled with the administration’s continued printing of new money to finance our ever growing national debt is a recipe for an economic collapse. Now I will back away from political discussion and keep my eye on the market indicators.