President Obama speaks on the first steps he is taking to address the fiscal cliff. “I am open to compromise, am committed to solving our fiscal challenges, but I refuse to accept any approach that isn’t balanced,” he says. Here is a direct link.
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Cory’s Chart Corner
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Danielle, please read “Rules For Radicals” by Saul Alinsky. It lays out in detail everything Obama does or says.
Obama a radical ? Obama is so extremely “DC Establishment Party”. Obama needed money to run his re-election campagne and therefore accepted money from the Healthcare Industry. And as a result the US got “Obamacare”. Even under G.W. Bush (government) healthcare coverage was extended (Medicare part D). Medicare part D & Obamacare both are an additional burden on the US economy.
The situation is crystal clear: Either we get a deal between the Democrats & Republicans or the US will go off the “fiscal cliff”. In both situations the financial burden on everyone will increase. John Boehner was close to accepting a deal (to cut spending) with the Democrats but he didn’t get enough support from his party to go ahead.
Peter Schiff will now explain the “The Fiscal Cliff”:
http://www.europac.net/commentaries/extend_and_pretend
He nailed it.