
Originally Posted by
Larry
There may be another thread discussing this (this is the first thread I've read this morning).
But last night, Kilmer was saying something I agreed with. (Which doesn't happen a whole lot. And, I think, might lend it some additional credibility.)
We're in for some serious ugly, in Washington.
America reelected Obama. But we also reelected the "death before allowing Obama to do anything" Congress.
The GOP is going to look at these results, and they aren't going to feel any urge at all to come together and allow anything to get done. In fact, they're going to see that the guy they reluctantly nominated for President, because he wasn't a mouth foamer, lost, but that all the mouth foamers in Congress won.
My gut says that the Fiscal Cliff is going to be held hostage. They're going to be making seriously unreasonable demands. More so than last time.
There's going to be a serious, ultra-partisan fight over the Fiscal Cliff.
There's going to be a serious, ultra-partisan fight over the sequestration.
There's going to be a serious, ultra-partisan fight over the debt ceiling. (Probably more than one.)
And every one of these fights has at least the potential to trigger another Great Recession.
Right now, my gut says that the odds are better than 50% that we will have another recession, in the next four years. Congress will deliberately cause one. (Because they figure that they can blame Obama for it. And they may be right.)