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More Americans now expect
a fiscal cliff plunge: Poll

Investor´s Business Daily, by Andrew Malcolm

Original Article

Posted By:SurferLad, 12/26/2012 9:14:07 AM

President Obama will return to Washington overnight to appear to continue negotiations with House Republicans to look like he´s trying to avoid the so-called fiscal cliff next week. The double-whammy of tax hikes and further steep budget cuts are set to take effect in the early hours of 2013 unless legislative agreement is reached to head off what the same two sides agreed to impose on themselves less than two years ago. A new Gallup Poll out this morning indicates that Americans, who reelected Obama last month, are finally beginning to see through his political fiscal strategy.

      


Post Reply  

Reply 1 - Posted by: wilko, 12/26/2012 9:34:46 AM     (No. 9083976)

It´s not the fall that kills you, it´s the sudden deceleration. Pack a ´chute.

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Reply 2 - Posted by: Pearson365, 12/26/2012 10:18:31 AM     (No. 9084042)

GOP would shout "Geronimo" like paratroopers of the past as they go over the cliff, but they fear being criticized by Senator Elizabeth Warren for being insensitive to Native Americans.

White House has already prepared articles for AP, NBC, Reuters et al on how Repubs caused recession while Obama and Dems championed the cause of the middle class. Since Repubs cannot win, they should try to salvage whatever party beliefs that remain to oppose tax hikes and massive spending.


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Reply 3 - Posted by: snowoutlaw, 12/26/2012 11:12:11 AM     (No. 9084169)

I expect the tax increases but there will never be any budget cuts as long as Obama is around.

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Reply 4 - Posted by: DCGIRL, 12/26/2012 12:13:21 PM     (No. 9084310)

At least the people that did not pay taxes will pay when we go off the cliff. I think it is about time. I´m tired of the freeloaders. Also, government programs will be reduced. If Obama has his way, the government programs would grow.



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Reply 5 - Posted by: NYbob, 12/26/2012 2:19:17 PM     (No. 9084543)

#4, I´m certainly not an economist, but I´m pretty sure that Clinton´s tax rates were NOT the reason the US economy of the 1990s was far better than what we have now. It´s a long list of things we had then that we don´t have now, but the ´contract with America,´ welfare reform, tech boom and a manufacturing base that was far more robust than now, would be at the top of the list.

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