Under the theory that “perception is reality” in politics, the media cannot point to the re-election of 0bama as the reason for the DJIA drop. The “fiscal cliff only” narrative serves two purposes. First, it deflects negative karma from dear leader. Second, it sets up the attack on the GOP House.
The media have have mastered the tools of mass psychological manipulation. They got away with blatant bias and suceeded in keeping 0bama in power when he should have been defeated. They now recognize no restraint on their advancement of communism and stamping out all vestiges of conservatism, liberty, morality or faith. Make no mistake, they will do all they can to take down the House.
But don’t worry. We’ve got Boner. /s/
Yes, they are using the "fiscal cliff" meme as a replacement for Obama's re-election.
That being said, the tax cut extension and sequestration are a first order of business and have a great impact on the economy. The markets will move over the next while according to how the negotiations proceed.
BTW...the name is "Boehner". He walked away from Obama when he proposed tax hikes last time and may very well do so again.