Originally Posted by DenverBrit
Wow, a 100 points? Not unusual at all. Does it really seem like a big drop when the market is seen as moderately overvalued and a pull back expected, especially with the 'fiscal cliff' on the near horizon??
The prospect of a repeat of the last 4 years of stubborn 'no taxes on the table' bs makes everyone nervous. Bi partisan agreement means exactly that. Congress, Obama, get to work!
Note to the Tea Party: It is impossible to just cut our way out of this recession, it will also take additional tax revenue, not more tax cuts for the wealthy.
Why is this fiscal fact of life so difficult for some to grasp?
Nothing has changed. Repubs will still fight raising taxes. 48% of the country and enough to give them the house said they want that. That is enough to make them fight right there. I haven't seen one thing on Obamas side, or the repub side, that tells me positions have changed. Point out to me where Obama can force a repub house to raise taxes.