american recession

[Mortblanc]

Never fear!

U.S. politics is nothing but a money shell game anyway.

Going over the Fisical Cliff on 1/1/13 only means they come up with a different deal on 1/2/13.

Obama thinks that the word "compromise" means the other side gives up everything. He is playing a class warfare game trying to make it look like the conservitives are only interested in saving the rich when he is really only interested in continuing his unlimited spending. He counts on "Bread and circuses" to maintain his support. The conservatives are willing to raise taxes but "Big O" will not even talk about cuts to spending.

The FC is much noise and little substance. It only means that cuts will go into place automatically and taxes will rise automatically, but not by much in either direction. That is why the conservatives are willing to hold steady and call his bluff.

It is doubtful that GB will feel any affect at all.