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Re-elected Obama would push quickly for fiscal deal: party aides
Reuters ^ | November 5, 2012 | by Thomas Ferraro

Posted on 11/05/2012 7:02:58 PM PST by Oldeconomybuyer

(Reuters) - If President Barack Obama wins re-election, he's expected to move quickly, perhaps within a day, to renew his bid for a bipartisan deal to avert a "fiscal cliff" that threatens to push the United States into recession, top Senate Democratic aides said on Monday.

A victorious Obama could reach out to Republicans as early as Wednesday and pledge that, with the election decided, it's time to find common ground to deal with the year-end expiration of Bush-era tax cuts and the launch of automatic spending cuts that would suck $600 billion out of the economy in 2013.

"He wants to get the process started immediately," one aide said. "We could move quickly," another aide said, explaining that the basic ingredients of any deal - increased tax revenues coupled with cuts in entitlement programs - have been debated thoroughly for the past two years.

"Everyone knows what needs to be done," he said.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: election2012; failure; obamanomics; romneywins
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To: Oldeconomybuyer

I have a deal for you bammy... GFY!

LLS


21 posted on 11/05/2012 8:25:29 PM PST by LibLieSlayer (OUR GOVERNMENT AND PRESS ARE NO LONGER TRUSTWORTHY OR DESERVING OF RESPECT!)
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To: SoldierDad

Expect the NYTimes to lead with this BS.


22 posted on 11/05/2012 8:32:00 PM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: trappedincanuckistan

I know.....Reuters.....


23 posted on 11/05/2012 8:46:49 PM PST by cherry
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To: Oldeconomybuyer

I don’t believe it. Obama hates half the country. He will let the country fall in the ocean before he compromises with the GOP. It’s all about destruction and domination withn that guy. Read Woodwards latest book. Obama does not compromise. Period.


24 posted on 11/05/2012 9:23:07 PM PST by Mustangman (The GOP)
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To: Oldeconomybuyer

Right. I seem to remember Obama telling the Republicans they could join him but they’d have to ride in the back of the bus.

I hope this MF goes down hard on Tuesday.


25 posted on 11/05/2012 9:37:40 PM PST by VeniVidiVici (People will vote for Obama to replace a god that they don't believe in)
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Who is paying for all his AIR FORCE ONE travels??? hopefully some one will demand records to see who is responsible for his political travels and totting is rock fans around...

did Springsteen and wife have to pay to fly in a tax payer owned aircraft???

26 posted on 11/05/2012 10:13:15 PM PST by haircutter
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