05/12/2012

America’s Paradox Is That There Is Political Gridlock But Optimism That The Economy Is Growing

Alan Simpson - Caricature
Alan Simpson -
Caricature
 (Photo credit:
 DonkeyHotey)
[/caption] This article is about America, Republican, John Boehner, Timothy Geithner, United States, United States Secretary of the Treasury, Geithner, Barack Obama, optimism, Paradox, political,  and some other things that happened on Sunday. James Anderson is in Washington and reports that "It’s nail-biting time on Capitol Hill" right now. He cites US Treasury Secretary Timothy Geithner saying
"there will be no deal with the Republicans to avert financial disaster on 1 January unless taxes for the top 2 per cent of earners rise". ( Stirring Trouble Internationally ).

Geithner and Boehner
Geithner and Boehner
Boehner 'flabbergasted' by Treasury secretary's plan to avoid fiscal cliff (guardian.co.uk) John Boehner, speaker of the House of Representatives, in which the Republicans have a majority, claims that he is ‘flabbergasted’ by Geithner’s comments.

It is all play-acting, of course. What is the reality? Video: Geithner busted on "war savings" (hotair.com)
On 1 January, tax breaks and other benefits agreed last year, end  Geithner Fight on Fiscal Cliff Invokes Dodd-Frank Resolve - Bloomberg (bloomberg.com). Republicans say this will send America into recession.

Geithner predicts Republicans will yield on taxes | Reuters (reuters.com) So what has Geithner offered?

This means a budget deficit of $1.1 trillion or 7 per cent of Gross Domestic Product. In the European Union budget deficits are not supposed to exceed 3 per cent.

The result is that the national debt is now over $16 trillion. Geithner and Boehner are playing poker. Who will blink first?  Republicans want to force Obama's Arrogant Overreach - and the Republican Opportunity (breitbart.com) to cut spending but not to raise taxes for the wealthy.

Republicans are on shaky ground here as even Warren Buffet, the sage of Omaha, says he should pay more tax. Institutional investors are snapping up properties at bargain basement prices. That makes the rent return attractive.
US gas and oil
One estimate is that American manufacturing costs will only be 7 per cent higher than Chinese by 2015 Geithner and Boehner Defend Their Stands on Fiscal Crisis (nytimes.com) Invest in America and not in China or the European Union.

Timothy Geithner, Still Shoveling
Timothy Geithner,
Still Shoveling
(Photo credit:
DonkeyHotey)
So America faces the paradox of a political system in gridlock in a country Boehner 'flabbergasted' by Geithner offer (thehill.com).

Will America’s famous ‘can do’ philosophy win the day? A post made earlier today over on Stirring Trouble Internationally - A humorous take on news and current affairs December 05, 2012 at 12:08AM  America’s Paradox Is That There Is Political Gridlock But Optimism That The Economy Is Growing (stirringtroubleinternationally.com).

  Now hopefully you now more about the mentioned things about America, gridlock, optimism, Paradox, political, RepublicanJohn BoehnerTimothy GeithnerUnited StatesUnited States Secretary of the Treasury, Geithner, Barack ObamaFox News and some other things that happened on Sunday.

  Related articles

Google+ Followers