Boehner Commits Seppuku In Grand Fashion

[Kane]

And for the record, I think the idea that this wont impact the economy immediately is missing a greater point. We've seen capital investment diminish in Q3 leading up to Q4. I think it's already had an impact on the potential growth of the economy and that the longer we have to wait the longer it'll be before we see that growth rate resume. I think taking solace in the time it takes to feel the impact of these cuts as they're phased in is a bad idea and a dangerous way to think about the way fiscal policy impacts economic growth.

I really wish we didn't have to do this right now.

[The Dude]

[J.K. Gregg]

What's the likelihood of a stop-gap measure to push this fiscal cliff to February versus falling off the cliff come January 1?

[The dane]

[Professor]

[Mr.Bill]

2 years ago Obama had $4 tril on the table.. $1 trillion in new taxes and $3 trillion in spending cuts.. And the Republicans walked away from that. So this doesn't surprise, the TP people and far right of the GOP has made it very clear they will not then, now, or ever compromise with devil Obama.

All that said I'm pretty sure they will be a back room deal, some stop gap measure that will give the fanatics in the GOP a way to safe face by not being seen as compromising.. This will prevent everything from falling off the cliff.

But before that the markets will take a beating..

[Dylan]

Any predictions on Q1 M&A activity in the Us for 2013? Lot of pent up capital out there.......

[J.K. Gregg]

You know what's really infuriating? What's likely going to happen is that Obama is going to get away with raising taxes on people making... idk, 800k+ and that will be the end of it. No cuts. And we will have effectively done nothing.

[Indy]

[Mr.Bill]

I've personally have gone easier on Obama the last couple of years. Because he's had to deal with the House GOP fanatics who act children.. Hell the children's leader Boehner can't get them to compromise and act like adults, so there's no way Obama can.