And, where is the Republican party drawing attention to the plunge in stock market values directly resulting from the election outcome. The leftist media presents the message in a weasel-way by calling it fear of the “fiscal cliff” without identifying those responsible for the cliff in the first place. However, that cliff would have been averted with a Romney-Ryan win. Wall St was anticipating that but the unpredicted Obama win led to people pulling out of markets in anticipation of lower earnings/higher taxes. It is one of the most direct and mathematically straightforward consequences in history.
The plunge could be a legitimate, much needed correction to a massive bubble in the equities market.
Or it could be that TPTB are forcing it to plunge so that they can get another round of QE ‘to save the markets,’ which they will really use for their own profit.
The MSM only says that the “fisscal cliff” means the economy will be hurt by less government spending. The local FOX broadcast station was saying it this morning. They also did not say tax hikes they said “revenue” instead.
Drives me crazy.