The Republicans are threatening to tank the economy for the third time since Obama became president if they don’t get what they want. The American people are being held hostage by economic terrorists of the right.
Nobel prize winning economist Paul Krugman has challenged President Barack Obama to do the right thing about the so-called fiscal cliff and the Republican threat. “So President Obama has to make a decision, almost immediately, about how to deal with continuing Republican obstruction. How far should he go in accommodating the G.O.P.’s demands?
My answer is, not far at all. Mr. Obama should hang tough, declaring himself willing, if necessary, to hold his ground even at the cost of letting his opponents inflict damage on a still-shaky economy. And this is definitely no time to negotiate a “grand bargain” on the budget that snatches defeat from the jaws of victory.”
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John Hively's Blog: News and Analysis of the War Against the Middle Class 