Just quickly: the market was up today and many were saying it was because the President addressed the fiscal cliff, and the need to avoid it. I must say, I'm amazed. It's one thing for largely uninformed voters to be taken in, but I would have expected the big brains on Wall Street to be a little bit more savvy.
Today we have Obama saying, "I want to be reasonable and come to a bipartisan solution." That's just him, setting himself up as the reasonable guy. It's just words. Part two is: "Well, remember I was the reasonable guy, but these guys are extremists. I was even going to overlook their racism but they won't compromise."
***Update: For those of you too young to know:
"tax hike now, spending cuts later" = "tax hike now, The End"
Whenever politicians promise to take their medicine later, they're lying. "No, but this time we really mean it" is also a lie.
Wednesday, November 28, 2012
Posted by lumberjack at 6:58 PM