Sony / Ninty Yen boost. Markets finally catch up with me ;-)

[chocoloco]

Mr Khan said:

chocoloco said:

I am worried of a delay on the US working out the fiscal cliff quickly because Beohner (pronounced boner) is still the leader of a largely Republican dominated US House. Though the Democrats have gained ground in the Senate and and retained the White House, the political picture remains the same as it was two years ago. The House has little reason other than the good of the country to cooperate with the President Obama. The last go at this only resulted in a long standing stalemate that pissed off the entire country. My outlook is that the dollar would more likely fall if it is not resolved soon than it is to gain immediately.

As far as the Republicans are concerned, the key sticking point is the Norquist Pledge, which a lot of major Republicans and almost all Tea Partiers have signed, declaring that they will never agree to raise government revenues by one cent (that is NO tax rate raises forever, but also NO closures of loopholes or deductions, ever) This makes them fundamentally unable to govern, because even the most hardened fiscal conservative who hasn't signed that lunatic's pledge will now that revenue increases are sometimes necessary.

The point of hope here is that several senate republicans have been seen backing off from the Norquist pledge in the past couple weeks.

I heard about the pledge I will have to keep myself up to date on those that walk away from it's unrealistic goals. The fact the Republicans got beat so badly this election should have sent them a message. Boehner and his allies are really the worst of the two parties at least last time for not giving ground at all.

I did notice one republican had backed from the deal it is good more will.

Funny, though this topic is relevant to the thread it does seem far more important than the original topic.