"If you're going to panic, do it fast and beat the crowd." ~ Jesse Livermore

Tuesday, January 1, 2013

Obama and the Fiscal Cliff

Obama: My Way or the Highway--

President Obama: Fiscal Cliff Failure Will Occur If GOP Can't Say Yes (UPDATE): ". . . Senate leaders met on Saturday to find a way through the impasse. One knowledgeable aide said a deal didn’t look likely as of Saturday afternoon. A Republican aide said it would be impossible to know for sure until Sunday afternoon, when Senate Minority Leader Mitch McConnell (R-Ky.) and Senate Majority Leader Harry Reid (D-Nev.) will brief their respective caucuses. Even as they talked, preparations were being made to manage the public relations fallout over failure to meet the deadline. Part of that involved the president hitting the Sunday talk show circuit, where he urged the press not to resort to false equivalencies when assigning blame. . ."

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