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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-12 04:52 AM
Original message
Congressional leaders & Wall Street optimistic after Obama meeting re: fiscal cliff.
Edited on Sat Nov-17-12 04:55 AM by No Elephants
Why does that not make me optimistic, too?


Congressional leaders optimistic after meeting Obama
By Lisa Lambert and Patricia Zengerle

WASHINGTON | Fri Nov 16, 2012 6:27pm EST

(Reuters) - <snip>

The two Democrats, Senate Majority Leader Harry Reid and Nancy Pelosi, the minority leader in the House of Representatives, said they recognized the need to curb spending.

John Boehner, the Republican speaker of the House, and Mitch McConnell, who leads the party in the Senate, said they had agreed to put "revenue on the table" as the two sides enter what are likely to be weeks of tense negotiations before a December 31 deadline.

<snip>

Nonpartisan budget forecasters say failure to reach a deal could push the U.S. economy back into recession and drive up the unemployment rate.

<snip>

The S&P 500 stock index has dropped 4.7 percent since the November 6 election as investors have turned their attention to the uncertainty surrounding the fiscal cliff.

But stocks closed up on Friday on hopes that politicians would find common ground to steer clear of the danger.


http://www.reuters.com/article/2012/11/16/us-usa-fiscal...



Despite your scary term for it, I ain't afeered.



Go off the damned cliff already.




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Enthusiast Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-12 07:51 AM
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1. I do not trust the President to
do what we elected him to do.
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-17-12 10:55 AM
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2. People who voted for him essentially endorsed his first term, IMO.
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