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View Diary: Abbreviated Pundit Round-up: Fiscal cliff and beyond (64 comments)

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  •  Was listening to NPR yesterday (0+ / 0-)

    And I noted someone was clamoring that the damage from the fiscal cliff was already done. January wasn't a true deadline in their view. They claimed that those businesses and people that would be affected had already reacted out of fear and adjusted their investments. I find it interesting when they put it that way. Because if that's true, why hasn't the sky fallen already? Or the power stopped running? Or maybe even the streets would suddenly become "unpaved" overnight.

    The fact is that yes, fear may have driven some to protect themselves and good for them I suppose. But everything has a cost whether it's lost revenue because they reacted to something that won't happen. Or cost in fees due to their short term changes. The money still changes hands and so far the lights are still on.

    I find it also telling that the same person that was citing the "fear" in political acts (lack there of) from Congress was nothing to the media stories like this one that simply extrapolated the fear to untold heights. The real business people that have weathered things like this before should know that whatever comes will come, and most likely what you were told isn't exactly what will occur. So why worry until it's done?

    "I think it's the duty of the comedian to find out where the line is drawn and cross it deliberately." -- George Carlin, Satirical Comic,(1937-2008)

    by Wynter on Sun Dec 30, 2012 at 06:01:31 AM PST

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