SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Steve Lokness who wrote (213182)12/31/2012 1:00:19 PM
From: Wharf Rat  Read Replies (1) | Respond to of 541422
 
I think the market will wait until about Fri. Wed will be for seating new members, picking leaders and, knock on wood, changing Senate rules. Then Dems put in a bill to cut taxes below $250K.... Obama Tax Cut 2.0. If it looks like it will be stalled by politics, market will be unhappy.

--
Goodbye, Alan West, Todd Dick Akin, Joe Walsh, et al.



To: Steve Lokness who wrote (213182)12/31/2012 1:03:57 PM
From: Sam  Respond to of 541422
 
No one believes that even if we do go "off the cliff" as the saying goes, it will be long lasting. Congress loves to cut taxes, and that will be done next week and be made retroactive.

The bigger deal will be the debt ceiling nonsense. Republicans love to pretend that that is significant. The fact is, money is mandated. It can't not be paid. Obama should call their bluff, and either raise it unilaterally (which of course will call forth their cries of "Dictator" etc) or simply not pay anything once we reach it, telling the Rs, Be careful what you wish for. Too bad he can't just not pay Republicans--patriots that they are, they should be glad to help out the country in its time of such dire need. But of course these are the people who love to send other people and their children to fight their battles even as they mouth such virtuous words.



To: Steve Lokness who wrote (213182)12/31/2012 1:30:50 PM
From: bentway  Read Replies (2) | Respond to of 541422
 
Harkin Calls on Democrats to Block Cliff Deal

HOYER ALSO BALKS AS GOP STARTS CALLING IT 'INCONSEQUENTIAL'

By Kevin Spak, Newser Staff
newser.com
Posted Dec 31, 2012 11:30 AM CST

(NEWSER) – Rank-and-file Republicans aren't the only ones who could deep-six a fiscal cliff compromise. Tom Harkin today called on Democrats to reject the deal, furious over President Obama's apparent willingness to up his tax threshold to $450,000. "They think Republicans may object? We may object," the Iowa senator told CNNtoday, before going to the Senate floor and urging Democrats to do just that. "The deal must be one that really does favor the middle class, the real middle class, those making 30, 50, 60, 70 thousand dollars a year," he said. "I have said before no deal is better than a bad deal, and this looks like a very bad deal the way this is shaping up." In other lawmakers-on-TV news:

Steny Hoyer was sizing up Harkin's bandwagon, telling Politico that "I frankly am not enthusiastic about the compromise being talked about today.” While "nobody wants to go over this cliff," Hoyer seemed to indicate that the White House was compromising too much.Bob Corker made some waves on MSNBC today, by declaring that "whatever happens today is really inconsequential. It really doesn't matter." The Tennessee Republican later clarified for Politico that he meant that the deal might have an impact on the economy, but it "isn't going to have an impact on long-term deficits."Lindsey Graham, meanwhile, again predicted that Obama would prevail, but dismissed that as "a political victory that is hollow in nature," and would fail to address the country's deficit woes, he told CNN. He called Obama "small-minded" saying, "I find him to be a hard guy to know and understand."