'Fiscal cliff' looms, but longer-term outlook is sunnier

  • Article by: PAUL WISEMAN and CHRISTOPHER , S. RUGABER
  • Updated: November 7, 2012 - 8:18 PM
  • 19
  • Comments

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dave9398Nov. 7, 12 8:20 PM

The "sunnier" outlook must have been what made the market drop by so much today.

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ddellwoNov. 7, 12 9:23 PM

This is wishful thinking, at best. The remaining years of the Obama debacle are going to be marked by grindingly slow economic growth and stagnation of wages. Europe will be in the doldrums for many years to come because of their egregious debt load -- the same economic model that Obama seems to find so fascinating. Barack and the Dems are clueless when it comes to matters economic -- it would be funny if it weren't so sad!

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jonnoNov. 7, 12 9:55 PM

While a number of these macro factors are well beyond BHO's control, the one area that he could, but probably won't, address in the next four years is giving employers the clarity and confidence to hire again. Admittedly, demand growth plays into this equation; however, business confidence remains at such low levels because employers are facing rising input costs, higher taxes, increased regulatory uncertainty and stiff competition from abroad. It would be refreshing to see the President actually works with the private sector in alleviating some of these issues rather than vilifying them for their supposed transgressions.

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furguson11Nov. 7, 1211:45 PM

Que the Empire Strike Back music.

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ndterminatorNov. 8, 12 5:50 AM

Doesn't take much research to find the "sunnier outlook" is nebulous at best. America will pay for at least two generations for this re-election...

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cks1950Nov. 8, 12 6:59 AM

I would say that not only isn't the futre looking sunny, it's looking out right dark & stormy. On the one hand you have the conservative party, with all the screw ups and mistakes they've made, but with a message of equal opportunity and working hard, & then you have a party led by Obama that calls for redistributing people's property. It's the same party that says you won't have to pay your fair share because we'll make these people over there pay their fair share. That party is one that is swelling it's ranks with fast growing minorities who swallow the liberal line that to the extent they haven't succeeded on their own, they can still get ahead by joining the party of governemt who will steal other people's stuff and give it to them. I don't have any idea how the party of equal opportunity even begins to counter that message.

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stearns1985Nov. 8, 12 6:59 AM

Dave --- the market drop? --- Fully expected, in the short term, as a knee-jerk reaction by Wall Street who controls the markets, as Romney is more friendly to WS and the wealthy! In the long-run .... Wall Street & America realizes what the last Rep admin DID to our economy, the worst economic disaster in 80 years! A market crash and devastation for the middle-class. Since Obama's policies went into effect and started working 3 years ago ...: Markets fully recovered; consumer confidence continually rising; unemployment dropping; auto-industry saved; Bin-Laden dead! Why would we want to go back to the same policies that caused the Great Recession?!!! The largest part of the national debt increase, is due NOT to all stimulus & spending increases (although much was necessary to repair GW's economic damage), BUT most is due to the LOSS OF REVENUE due to loss of jobs, due to the Great Recession! So much for Rep. "trickle-down" economics!

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bluedevil101Nov. 8, 12 7:16 AM

America has borrowed and borrowed and borrowed. It's time to pay the piper so I'd say let the January 1st deadline come forward and let's get on the road the fiscal sanity.

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onelesscarNov. 8, 12 7:49 AM

Hmmm...I was wondering if the media would now be a little more critical of Obama now that their man was elected for a second term...Reading through the nation's newspapers today, it is certainly not the case.

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localguyNov. 8, 12 7:49 AM

It really depends on the willingness of the House Republicans to work productively with the White House. We've had gridlock in Congress because the Republicans' explicitly stated objective was to make Obama a one-term president. Well, that ship has sailed. What we need is a bipartisan approach to these problems. The House Republicans were unwilling to compromise and many on the left felt that Obama had caved to their demands in an effort to get something done. I have no doubt that Obama is still will willing to work with the House Republicans. If they're willing to reciprocate, we'll all be better off. The election is over (although it took four years). It's time to govern.

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