What does the President know about the fiscal cliff that we don’t know? In a recent interview, the President said that the fiscal cliff won’t happen. Does he know something we don’t know? If not, is he showing his hand to the opposition that he should not show in order to resolve this problem?
Not solving the fiscal cliff, by accounts will have severe affects on financial markets and world markets. The Republican leader of the house has said he has no idea if this issue will be resolved. This seems much more like a negotiating position than reality.
After Newt Gingrich shut down the Government in his confrontations with Bill Clinton, the affects ruined his political career. The affects of this fiscal cliff action will be far more severe.