Boy, CNBC just will NOT STFU about this "Fiscal Cliff" thing, will they?

[HughBeaumont]

Boo Hoo, assholes . . . gee, I guess the election didn't go your way, so you're now driving the narrative of Norquist and Luntz into the ground in order to keep the upward wealth transfer going as planned, right?

[doc03]

1. I would guess the people that hav e raked in all the money with the run up on the

Dow would like to manufacture a short sell-off. People like Romney make money either way.

[1-Old-Man]

2. Considering that it has the honest go gob ability to destroy the economy maybe they should keep up.

And if you think this Congress is going to do jack shit about it I think you are wrong. It may not collapse the economy in a day, but it can do it in two months, and in the meantime every single retirement savings account in the country will become worthless, the stock market will simply collapse, and down stream, where you and I live, it will look more like the Great Depression than this little pesky recession we've been enjoying for half a decade.

[HughBeaumont]

5. You're latching onto a right-wing scare meme that's about as false as the WMD NOT in Iraq.

http://www.alternet.org/economy/fiscal-cliff-scare-talk-follows-shock-doctrine-script

At the end of the year the Bush tax cuts expire. When this happens tax rates will rise modestly to where they were when Clinton was President. Also at the end of the year budget “sequestration” occurs. This means that the various cuts Congress approved to end the debt ceiling “crisis” will begin to phase in. (Remember, the debt-ceiling “crisis” was when Republicans refused to allow the country to honor its debts, holding the economy hostage, unless they got deep budget cuts in the things We the People do for each other.)

That’s it. That’s the “crisis.” All of the people who had been hysterical about the budget deficit “crisis” are now hysterical that taxes will go up and spending will go down. Go figure. Maybe — just maybe — I shouldn’t even say it — these “serious people” weren’t … serious … when they said they were worried about the deficit. You see, the hysteria now is because tax rates at the top will go up (cutting the deficit), and because a big part of those budget cuts (cutting the deficit) is military spending. Unfortunately the sequestration also cuts important things that help a lot of people and our economy. But these cuts do not take place all at once (a “cliff”), they will be phased in over time, and the Congress can act at any time to halt any of these cuts.

The “Fiscal Cliff” is not a cliff and the language itself is intended to scare people . The name itself is designed to create panic, evoking disaster imagery of people and the economy falling off a cliff. It is the latest manufactured “crisis” and we are all supposed to be terrified and demand immediate and extreme solutions.

Again, the very people screaming loudest about deficits are the people who passed tax cut after tax cut, and military spending increase after military spending increase, and started war after war. Then these same “serious people” terrify the public, telling them that budget deficits will lead to the destruction of the country — and soon. After a decade of screaming “9/11,” “9/11,” noun verb “9/11,” they screamed “deficit, deficit, deficit.” Now they scream, “fiscal cliff, fiscal cliff, fiscal cliff.”

[sinkingfeeling]

3. Somebody had a chart showing that there's been like 5 times the 'news' stories

Last edited Tue Nov 13, 2012, 01:11 PM - Edit history (1)

about the 'fiscal cliff' as there were about raising the debt ceiling last year.

Found it:
?maxX=588&maxY=351


http://www.businessinsider.com/chart-fiscal-cliff-vs-debt-ceiling-2012-11

[JaneyVee]

4. CNBC is Nancy grace & this is their Casey Anthony story.