Skip to comments.The fiscal cliff deal: America’s European moment
Posted on 01/05/2013 4:30:34 PM PST by Olog-hai
For the past three years, Americas leaders have looked on Europes management of the euro crisis with barely disguised contempt. In the White House and on Capitol Hill there has been incredulity that Europes politicians could be so incompetent at handling an economic problem; so addicted to last-minute, short-term fixes; and so incapable of agreeing on a long-term strategy for the single currency.
Those criticisms were all valid, but now those who made them should take the planks from their own eyes. Americas economy may not be in as bad a state as Europes, but the failures of its politiciansepitomized by this weeks 11th-hour deal to avoid the calamity of the fiscal cliffsuggest that Washingtons pattern of dysfunction is disturbingly similar to the eurozones
This week, Mr. Obama boasted that he had fulfilled his mandate by raising taxes on the rich. In fact, by failing once again to clear up Americas fundamental fiscal trouble, he and Republican leaders are building Brussels on the Potomac.
(Excerpt) Read more at economist.com ...
This is all getting wearisome IMO.
BLA-BLA-BLA, its split party government, exactly what you would expect. Of course they don’t reach a deal till the deadline.
Bohner was smart throwing out his plan B two weeks before deadline. He smoked out the ‘Don’t pass nuthin’ caucus.
So finally when the Senate bill came over their objections to it were things in it that were not in plan B, which they already rejected anyway . So they didn't matter.