Saturday, December 29, 2012

"Fiscal Cliff" that doesn't kill Obama, makes him stronger. - If the American Nation goes over the Fiscal Cliff and the economic consequences are not very grave ( as I expect ), then Obama will emerge stronger and more powerful as President, Politician and Leader

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There is a very good possibility that there is no deal on the "Fiscal Cliff", a Republican hoax and scam. And that taxes will go up for everybody on January 1, 2013. It is likely that the Stock Market would suffer a decline for a few days or weeks and then picks up again as shrewd investors take advantage to buy good stocks at bargain prices.

Only thing that President Obama has to do is NOTHING in year 2012 and propose some legislation in January 2013 to give relief to the 98% of taxpayers that earn less than $250,000 a year, by extending the Bush Tax Cuts, only for that 98% of less rich Americans. But that decision will also favor lightly the Richest 2%.

The Fiscal Cliff does not mean a recession, perhaps a tiny slope of a few days or weeks. The American Economy is very strong now and posed for a Big Prosperity of several years under President Obama.

Ignorance of that Economic Fact is what scares people. You don't die because a mosquito bites you ( generally ! ). But the Richest people and their puppet Congress Republicans take advantage of ignorance and are constantly fearmongering and creating big scares to manipulate ignorants and fools.

At the end of all these economic adventures Republicans are going to be left with noses longer than Pinocchio's.


Vicente Duque

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