No Fiscal honeymoon for president Obama [Congress Shouldn't Give Him One Either!]

The newly re-elected US President Barack Obama will need to quickly secure agreement on avoiding the 'fiscal cliff' and raising the debt ceiling following Tuesday's elections, Fitch Ratings says. The economic policy challenge facing the President is to put in place a credible deficit-reduction plan necessary to underpin economic recovery and confidence in the full faith and credit of the US. Resolution of these fiscal policy choices would likely result in the US retaining its 'AAA' status from Fitch. As reflected in the Negative Outlook on the rating, failure to avoid the fiscal cliff and raise the debt ceiling in a timely manner as well as securing agreement on credible deficit reduction would likely result in a rating downgrade in 2013.

The Kenyan CLOWN lost millions of votes, and his "win" went from 7% to 2%.

He has no mandate.

Republicans and conservatives must resist his desire to destroy jobs by raising taxes.

No honeymoon for the clown.

Do to Obama what the Democrats did to Bush after the 2004 election.

Obama has no credible deficit reduction plan but to TAX and SPEND. No rate increases can support his spending plans and commitments. It is four more years of trillion dollar deficits or worse, not to mention layoffs, unemployment, inflation (monetizing the debt). Watch California for an accelerated taste of things to come.

He laughs at your anger (and everyone else here who is angry). He knows he can ramrod his proposal through with wavering R support in the House. What he needs most of all is an excuse to call out the media and put TARP-like pressure on enough R members. We will lose the vote because anger does not win votes. We need to start thinking about how to cut our losses rather than lose it all.

RE :”The fiscal cliff - some USD600bn of tax increases and spending cuts that come into effect on 1 January 2013 - and an increase in the debt ceiling are pressing issues that the President and Congress must address in the coming weeks if the US is to avoid a fiscal and economic crisis. Fitch estimates that the fiscal cliff would tip the US economy into an unnecessary and avoidable recession and result in an increase in the unemployment rate to above 10% in 2013. In Fitch's opinion, the tax increases and spending cuts implied by the fiscal cliff would not fully address the longer-term drivers of higher public spending and the relatively narrow and volatile tax base. Moreover, the fiscal cliff would likely be at least partially reversed by Congress as the economy slowed and unemployment began to rise, perpetuating the uncertainty over government tax and spending policies that has weighed on the economic recovery. “

Look, if Mitt won ya think Dems in congress would make it easy on him with all these time-bombs ready to go off?

What they(authors) are calling for is long term entitlement reforms (cuts) with candy tax cut extensions and gov spending restoration NOW. That means party now and screw our retirement later much like the whole Death Panel narrative.

In any case I see little reason to help give O a ‘success’ like this, except to make sure 2016 is another great year for Dems.

But don't worry, two here has told me they think that Reid and Bohner will impeach O. How can that go wrong?

I don’t think The Messiah gives a damn about the economy or the upcoming fiscal cliff. After all, he has more flexibility now! My best guess is he’ll suck the life out of the military leaving it the smallest it’s been since 1800 or so; that will lower spending and help debt while leaving the U.S. defenseless which he thinks is just fine. After all, he’s one of these naive fools who believe “War is not the answer,” and “Coexist”.

As long as he secures Omamacare, he’ll be God-like in the Liberal written history books, regardless of the economy.

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.