November 28, 2012

FISCAL CLIFF: Keith Hennessey: The President Is Bluffing. “President Obama’s veto threat decision is not just about fiscal policy, and it’s not just about who gets blamed for a legislative failure. It’s about whether the President wants to cause a recession in 2013 and hamstring his second term. No matter what he or his advisors say, he cannot afford to take that risk.”

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