Skip to comments.Check Out Maria Bartiromo's Super Bearish Column On The Fiscal Cliff
Posted on 11/19/2012 10:57:57 AM PST by blam
Check Out Maria Bartiromo's Super Bearish Column On The Fiscal Cliff
November 19, 2012
This morning Politico's Ben White wrote that the fiscal cliff is basically over.
Closing Bell's Maria Bartiromo couldn't disagree with him more.
She wrote a super bearish column on the issue for CNBC, and to her, words like "panic stricken" are definitely in order.
From the column:
The Mayans may not be right about the world ending by the end of 2012, but the next month and a half is looking a lot more panic-stricken than celebratory.
The ongoing fight over the "fiscal cliff" may overshadow everything else as we get closer to the new year. Sadly, compromise seems hard to come by, even though the consequences of going over the cliff hundreds of billions of dollars of spending programs that are set to expire, along with the largest tax increase since World War II for virtually all income levels was specifically designed to force compromise.
Bartiromo goes on to lay out the positions of Republicans and Democrats. Democrats want to raise taxes on the wealthy (which she says won't solve our problem) and Republicans want to cut spending while closing tex loopholes.
In her view, Republicans are the lesser of the two evils as they're at least open to raising revenue.
Either way, her outlook on this is pretty negative. This is how she closes the piece:
The question is how tough it will be to reverse the damage if Washington takes us over the brink? How long and drawn out will a recession be while our lawmakers fail us? The best we can do as investors is prepare for much higher capital gains
Let's just say I'm not optimistic.
Pretty bleak stuff no?
(Excerpt) Read more at businessinsider.com ...
Maria’s problem is that she can count, unlike a lot of people in Washington, DC.
Somehow the come-on “Check Out Maria Bartiromo’s” led me to expect more...
Maybe we shouldn’t concern ourselves with “fixing” the damage if we go over the cliff.
Because the model of what we are trying to operate is already badly engineered and faulty BEFORE it goes off the cliff.
A mercy disposal, to my way of thinking. Leave the wreckage there and build a new improved model. Like a new country, or rather two countries, dividing the “blue” areas from the so-called “red” areas, and combining these into a new alignment that reflects the “two Americas” that liberals like to talk about.
The (misnamed, in my mind) “red” states adopt an updated version of both the Declaration of Independence and the US Constitution which includes the language of the Bill of rights, and those other amendements which support the belief in respect for individual rights, including the rights to ownership of property, and cumulative wisdom from long-established Supreme Court decisions.
The “blue” areas should be allowed to establish whatever the hell kind of cockamamie set of rules for governance they want in those regions in which they dominate.
And emigration from one side to the other should be expedited for those who find themselves in the region that they find incompatible with personal belief.
If agitation within one region to change it into the reflection of the other region does happen, then the agitators should be summarily exiled to the other side.
Right now, those of us not happy with the state of affairs have little recourse, and no choice is offered.
Wasn’t she calling the cliff “no big deal” just a few days ago?
Until we stop spending money we don’t have, the “cliff” looms.
It is basically obscene that so-called “free people” are so dependent on the federal government’s financial mismanagement in their daily lives.
Forget the Left’s much-publicized “carbon footprint.” The economy is struggling under the federal government’s enormous regulatory footprint burdening our economy.
Just wait until Obama promotes global warming, and taxes and regulates us into hell. He has already started.
Thanks for this thread.
HEY Maria! You have been suckered into believing what Obama wants you to believe!
1.) Obama created the Sequestration because he knew that Congress was to gutless to solve the National Debt problem.
2.) Obama designed this Sequestration or ‘Fiscal Cliff’ so that he could extract a Bipartisan Cave-In from the Gutless RINOs.
3.) Once a Cave-In on the Fiscal Cliff is achieved, Obama will then declare victory, and continue to overspend as before.
IOW, the Smokescreen to allow Obama to continue to overspend IS the Fiscal Cliff. DUH!
BTW, while you, Maria, are wringing your hands over this smoke and mirrors Fiscal Cliff, the real problem of lack of a ironclad ceiling on the National Debt is NEVER mentioned by y’all in The Media.
BTW, BTW, Obama is not very smart, but he is smarter than anyone in The Media.
” - - - RED is for the Left. - - - “
Lemme see now, did that subversive revisionist idea come from the NYT, The Wash. Post, The LA Times or just a run of the mill lefty think tank?
BTW, would that make a “Pinko” a PC Bipartisan Compromise?
The pols are saying a “fiscal cliff” is fast approaching. They’re about to cut spending and raising taxes. The pols are constantly lying to us just as they did with the stimulus for years ago. The majority voted for these thugs, so if we do fall off the cliff......so be it they asked for it.
Wow. You won't get far with that once we sink America into a real depression (if we are not already there) as Obama wants. Only when America is under the boot will we then realize what has been done to this once great country by our communist Muslim leader.
” - - - a fiscal cliff is fast approaching. Theyre about to cut spending and raising taxes. - - - “
Thus, THE OBAMA TAX INCREASE is a better name for Obama’s tax and spend cliff.
Thanks blam. She’s another Partisan Media Shill who’s already gone over the cliff with the other lemmings, in pursuit of wild-west-abortion-”rights”, “diversity”, and gay marriage. Anything she has to say now is just a setup for blaming the Republican minority for everything that happens from here on out. Count on it.
Maria is simply mimicking the fear mongering that she hears in pillow talk from her Wall Street big wigs who fear not taxes or a slower economy, but a slowdown in federal handouts to big banks.
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