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Politics & Current Events / Political Asylum
|Subject: Re: Make Me an Offer||Date: 12/2/2012 3:51 PM|
|Author: richieds||Number: 1841698 of 2123332|
" It's almost like both sides know that the cliff isn't all bad and is a needed step to correct our fiscal glide path"
A quick 500 pt drop in the Dow may be just the cure. I had bought some downside insurance a week ago which has gone absolutely nowhere, despite what appears to be the budget process falling apart.
Too much complacency? Probably. However, if you think about it, the fiscal cliff may be a better deal than advertised.
You, at least, get a good deal more cuts than the current proposal from the White House and, on the tax side, it is already widely accepted that the dems will , immediately, propose a tax cut for those below $250,000 which the GOP will have no choice but to go along with.
So, while I expect us to go over the fiscal cliff, it may not be as big a deal as previously thought.
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