Since the election ended it seems that all of the focus of the political media has been centered on the impending “fiscal cliff”. It has been set up as showdown between the President and Congressional Republicans, led by Speaker John Boehner (R-OH). Now, depending on your news source preference one or both of them are playing the villain roles. Opinion seems about split as to whether or not America will indeed go over the fiscal cliff with some in the media advocating that it is in the best interest of our nationals future to do so. Their reasoning is that our nation needs to embrace short-term sacrifice for long-term gains; that heading over the fiscal cliff would actually be the most fiscally responsible thing to do in the long-term.
The reality of the situation is that neither Mr. Boehner or Mr. Obama is the villain. Both, in a sense, have backing of the American people. The voters elected Mr. Obama to a 2nd term while they voted for a GOP majority in the House of Representatives, assuring Mr. Boehner two more years as Speaker. Given this, that both have the “support” of the American public, I tend to think a compromise will be reached in the waning hours prior to the approaching cliff. Hard-liners in each party will be upset by this, but I see it as the politically reasonable result. President Obama, of course, has the upper hand (personally) due to not having to worry about another election. His party though has just as much to lose as the GOP if the United States heads back into another recession.
- Sam the Eagle