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The Forum > Article Comments > America on the edge of a fiscal cliff > Comments

America on the edge of a fiscal cliff : Comments

By Brendon O'Connor, published 14/11/2012

Washington's politicians are involved in a game of policy chicken that could have devastating results not only for America - but for the world.

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Insightful perspicuous article.
And this game of pugnacious pernicious political chicken will continue, just as long as it produces results for rigid recalcitrant republicans!
The way forward for a President in his final term, with virtually nothing left to lose, is to stare down these power hungry tyrants, holding the whole world hostage, just so the very richest individuals can pay the least tax!?
That said, the President is on the public record, claiming he is willing to listen to ideas on reform?
And the pertinacious Majority leader in the congress, has stated that, tax reform is on the table.
Well crafted tax reform could fix America's quite massive structural deficit and raise significantly more revenue, without unfairly penalising the very innovative entrepreneurs, America now needs as never before!
And it would do no harm to finally come up with a well crafted product, that finally at long last, restored/created true equity?
[See some of my former posts, addressing tax reform.]
With decent tax reform and long overdue simplification, even the inordinately market distorting farm bill, could finally be jettisoned and the savings ploughed into defence/unmet need?
A jettisoned farm bill, that other farmers plough on without; particularly pertinent, given current food shortages; and or, that the next boom, may well be a food boom!?
Rhrosty.
Posted by Rhrosty, Wednesday, 14 November 2012 10:27:30 AM
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President Obama’s public relations machine is truly earning its keep if Brendan O’Conner’s attack on the GOP is any guide.

O’Conner states that Mitt Romney "deserved to be defeated for his economic policy and indicates that Obama's “journey forward” will be very hard if the GOP are not compliant to negotiations about economic policy.

In short, O'Conner claims the GOP is what is wrong with U.S. economic policy.

Sorry Mr O’Conner if the facts - which you chose to ignore - get in the way of good storytelling.

Fact:

1. Real unemployment in the US is close to 15%. There are 23 million unemployed and underemployed Americans. Even the leftist Guardian acknowledges that joblessness was higher for all but one month under BHO than under GWB ;
2. A record 47 million Americans eek out a living on food stamps;
3. 46 million Americans are parked in poverty;
4. Since he bested George W. Bush, average annual household income fell by $3,000;
5. Petrol prices (in dollars per gallon) have DOUBLED from the day he took office; and
6. Credit rating agencies stripped the US of its AAA rating, for the first time.

The economic problems of the United States are as broad as they are deep. Sadly the American voter chose a community organiser with zero business experience to do a businessman’s job.
Posted by Jonathan J. Ariel, Wednesday, 14 November 2012 11:42:26 AM
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As opposed to the former Republican administration which presided over the machinations which led to the GFC...is that businessmen doing a businessman's job?
Posted by Poirot, Wednesday, 14 November 2012 11:57:08 AM
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Hang on Jonathon. Your hero George, drove the US economy into a
ditch and nearly caused the global economy to collapse. Then he
added another 5 trillion $ to US debt. The man was a dismal failure.

Now you wonder why its taking some time to turn things around.
Obama has worked wonders but only the foolish expect him to walk
on water.

The GOP has contributed nothing but obstinance so far, as they sure
as hell wern't going to allow this black guy to be a 2 term president.

Luckily the women's vote turfed them out, as now they want to go
backwards 50 years on womens reproductive rights too.

The loony right are a bit like the Taliban really, only this time
the Christian Taliban.
Posted by Yabby, Wednesday, 14 November 2012 2:43:34 PM
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Mr Arial certainly gets around. First, he's the new voice of Israel and the Jewish Lobby (poor David, he's lost his monopoly) and now he champions the GOP, the party whose members control 90%+ of America's wealth.

What will he promote next, I wonder? I guess it might be giving America all our harbors and airfields and/or allowing Israel to have a drone base on the Cocos Islands.

I wait with bated breath!
Posted by David G, Wednesday, 14 November 2012 3:05:28 PM
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Jonathan, Americans saw that the Bush administration conned their nation, that they censored the TV news of cargo planes returning the bodies of soldiers,the sons and daughters of American families from Iraq and Afghanistan.
American families had to experience and survive through the GFC,created by the greed of Goldman Sachs, Lehman Brothers etc etc, supportered by the Bush Administration.
The Itemised list you quote, has nothing to do with the past four years, that mess was created by your Zionist supporter, George Bush jnr
Posted by Kipp, Wednesday, 14 November 2012 5:06:37 PM
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