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Who Got the Better of the ‘Fiscal Cliff’ Deal?

ABC News U.S. 2013/01/02 06:34:47
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Markets breathed a huge sigh of relief Wednesday after U.S. lawmakers reached a budget agreement that will stop hundreds of billions of dollars in automatic tax increases and spending cuts that risked plunging the world's biggest economy into recession.

Stocks around the world started 2013 with hefty gains as investors welcomed the vote in the House of Representatives that made sure the U.S. does not go over the so-called "fiscal cliff." Though longer-term fiscal problems remain and President Barack Obama will likely face more battles with the Republican-dominated House, investors were relieved that the biggest near-term stumbling block to the world economy has been cleared.

fiscal cliff

Read More: http://abcnews.go.com/blogs/business/2013/01/marke...

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Top Opinion

  • Dale 2013/01/02 06:39:26
    President Obama and the Democrats
    Dale
    +10
    Who got the better deal? In order: Lame Duck, dEMOCRATs, Repubicans, and left holding the dirty end of the stick, "We The People." And that ain't good folks, ain't gud 'tal.

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  • thefatguy 2013/01/16 08:09:51
    President Obama and the Democrats
    thefatguy
    Obie and his band of thugs bent over Boehner and McConnell and rode them hard. America and the Constitution lost AGAIN.
  • Constitution Believer 2013/01/10 02:29:09
  • kmay 2013/01/06 19:55:41
    President Obama and the Democrats
    kmay
    His corporate crony buddies including Hollywood got the bonuses ! The middle class got shafted once agin by Obama's empty promises. Vote to get the Dem majority hold over the middle class out of Congress in 2014 and take back the middle class power from this liar!
  • kmay kmay 2013/01/06 20:07:21
    kmay
    Fact check: Obama on the 'fiscal cliff' deal
    http://news.yahoo.com/fudging...
  • Lady Whitewolf 2013/01/06 11:25:54
    Republicans
    Lady Whitewolf
    +1
    THE WEALTHY= 1

    The "Little Guy" = 0
  • alyssa 2013/01/06 06:35:04
    Republicans
    alyssa
  • Magus BN-0 2013/01/06 04:53:13
    Republicans
    Magus BN-0
    +1
    It's not even close. Instead of the debacle known as the Bush tax cuts expiring entirely, there's just an increase for income over $450K. Less than half of the next tax revenue that Obama originally called for. And this is despite the fact that Republicans had no leverage in the negotiations. Democrats caved for no reason.
  • jweedinsaldana 2013/01/06 02:30:24
    Republicans
    jweedinsaldana
    +4
    Again it goes back to Bush because that moron lowered the taxes which caused an economic crisis, he doubled the national debt, reagan tripled the debt. Clinton came in and fixed everything and then Bush came in with his brilliant idea to make tax cuts for the wealthy(his oil buddies) which was the dumbest idea ever, caused the housing market to collapse, auto industry, and of course the economy.
  • jweedin... jweedin... 2013/01/06 02:32:14
    jweedinsaldana
    +3
    People are griping now? These are the same taxes we were paying during the Clinton Era which was the greatest economic prosperity in the US and now they are back! People need to stop worrying about thier personal situation and look at the big picture.
  • Lady Wh... jweedin... 2013/01/06 11:26:32
    Lady Whitewolf
    +2
    MY THOUGHTS EXACTLY
  • thefatguy jweedin... 2013/01/16 08:00:05
    thefatguy
    You really are ignorant of the root causes of the problem. You really shouldn't open your mouth and advertise your lack of knowledge.
  • Sal Monella ~PWCM~JL 2013/01/06 02:21:42
    President Obama and the Democrats
    Sal Monella ~PWCM~JL
    +1
    But, ya get what you pay for. You dunces that voted for this deserve to suffer just as badly if not worse than the rest of us in the coming days.

    What happens when the US dollar goes belly-up?
  • bipolar... Sal Mon... 2013/01/06 16:16:28
    bipolarbear
    +1
    Tax more Republicans. If it weren't for Obama ,the Tea Tards would have sent us "belly up"a year ago.
    This time ,I hope he uses the 14th Amendment and orders the automatic pay off of the national debt ,and crushes these irresponsible ideologues once and for all.
  • Sal Mon... bipolar... 2013/01/06 17:08:19 (edited)
    Sal Monella ~PWCM~JL
    Do you EVER read the inane comments that you leave for other folks to decipher?

    We're going belly up don't you worry. And when that happens, who are you liberals going to whine to then?
  • bipolar... Sal Mon... 2013/01/07 00:58:35
    bipolarbear
    Nope, I'm too bust attempting to find any kernel of truth in the right wing swill you keep posting.
  • Sal Mon... bipolar... 2013/01/07 01:21:34
    Sal Monella ~PWCM~JL
    bust? bust what?
  • freedom 2013/01/06 00:55:27
    Republicans
    freedom
    +2
    I only say the Republicans because Democrats kept blaming the Bush tax cuts for the debt. Now that Obama has endorsed the Bush tax cuts, can he now be held accountable for the debt?
  • bipolar... freedom 2013/01/06 16:18:58
    bipolarbear
    +1
    You've been holding him responsible since the day he was elected, not even waiting for his Inauguration in January of 2009. WHO ARE YOU KIDDING?
  • RJeffreySavlov 2013/01/05 22:19:13
    President Obama and the Democrats
    RJeffreySavlov
    +1
    Only because a majority of Republicans blinked when they should have stood their ground. It is the recent history of the party.
  • Ozymandias 2013/01/05 20:38:35
    President Obama and the Democrats
    Ozymandias
    +3
    Barack Obama did. I'm glad he finally put his foot down and stood his ground this time.
  • tdterry... Ozymandias 2013/01/06 01:50:38
    tdterry1999
    +1
    Oh hell yeah.He own's something now/No more of the blame game.
  • Ozymandias tdterry... 2013/01/06 01:56:53
    Ozymandias
    +3
    Yes, and now the economy is back on the upswing. The housing market is supposed to improve this year, and the economy is supposed to start roaring back. I'm sure the GOP will try to take credit for that, too, but Obama deserves the credit this time.
  • Casey Ozymandias 2013/01/06 09:02:50
    Casey
    +2
    "Supposed to" doesn't mean "is". Just wait before claiming that these changes are going to send us into the next great economic period. For all of our sake, I hope you're right. But, speculation is just that - speculation.
  • Ozymandias Casey 2013/01/06 10:00:51
    Ozymandias
    +2
    These are actually prognostications by experts with years more experience in economics than you have. The housing market is already showing signs of improvement. The unemployment rate this month was a tad lower than it was last month. That's also because employers were afraid to hire because of the fiscal cliff, and the holidays were over.

    This spring is when it's supposed to start taking off again. The economy probably won't be as good as it was back in 1999 for at least another two or three years. We have to wait until after the war in Afghanistan is over for that to happen.
  • tdterry... Ozymandias 2013/01/07 00:40:58
    tdterry1999
    +1
    Nice little dream you got going on.Let me know when you wake up.
  • Ozymandias tdterry... 2013/01/07 06:07:28
  • tdterry... Ozymandias 2013/01/07 13:52:58
    tdterry1999
    +1
    yep everything is going to be fine under Obama..I bet the roses will start blooming in the winter now.
  • Ozymandias tdterry... 2013/01/08 17:54:01
    Ozymandias
    They're getting much better now. I can't wait until the inauguration.
  • tdterry... Ozymandias 2013/01/08 20:39:48
    tdterry1999
    +1
    I hear they are having a hard time filling seats.See you are a dying breed.
  • Ozymandias tdterry... 2013/01/10 06:05:45
    Ozymandias
    +1
    If we were a dying breed, then Obama wouldn't have gotten reelected and whupped Romney's ass. You just contradicted yourself. There's still over a week until the inauguration, and I'm sure the seats will fill up by then.
  • tdterry... Ozymandias 2013/01/10 09:55:19
    tdterry1999
    It's taken the lefties a little longer to catch on.There first paycheck of the year woke a few up.The others are too blinded by The Obama Smile or they are just down right dumb.Which one are you?
  • Ozymandias tdterry... 2013/01/10 11:34:33
    Ozymandias
    Keep drinking the kool-aid guy! Does that tinfoil hat fit okay?
  • tdterry... Ozymandias 2013/01/10 17:30:25
    tdterry1999
    +1
    Keep sucking the governments tit.It might get sweet one day.
  • Ozymandias tdterry... 2013/01/11 01:19:27
    Ozymandias
    That's what they told me when I was in the military, and that's why I'm happy as hell that I got out.
  • Michael... Ozymandias 2013/01/10 06:12:02
    Michael McFascist
    +1
    that's just it...reality never slaps them in the face...they're in a perpetual slumber...when (and if because I'm honestly worried that it may get worse before it gets better as well) it gets better they still won't see it or will probably have moved on to something else to be deluded about.
  • tdterry... Ozymandias 2013/01/07 00:39:43
    tdterry1999
    +1
    We will see.Let's get them taxes up a little higher.People always spends mnore money when there taxes go up.
  • Ozymandias tdterry... 2013/01/07 06:08:05
    Ozymandias
    +1
    Sooner or later, someone is going to have to raise taxes if they ever want to pay off the debt. Basic arithmetic there, Chief.
  • tdterry... Ozymandias 2013/01/07 13:53:27
    tdterry1999
    +1
    QUIT SPENDING.
  • Ozymandias tdterry... 2013/01/08 17:54:19
    Ozymandias
    +1
    Quit pork-barrel defense spending. I agree.
  • tdterry... Ozymandias 2013/01/08 20:41:42
    tdterry1999
    +1
    That and the fake green energy,don't give money to hollywood to make movies and so on.Hell they should cut your government check a little.Seeing how you favor big government so well.
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