Hussein Obama has cut short his holiday and is preparing to take a dramatic step forward off the Fiscal Cliff.
Obama has four days to extricate himself from fiscal disaster and commentators consider it unlikely that he will achieve any success.
Although he only secure a minority share if the Presidential vote, Obama considered that he had a mandate to “stick it to the Republicans and the American voters. His arrogance ensured that there was no possibility that his intended socialist legislation would pass through Congress and Senate. Belated attempts to throw some crumbs at Republicans came too little too late. The result is that Republicans and Democrats are now concentrating their efforts on preparing for the blame game. The result is that about US$600 B could be removed from the US economy very quickly and that it will trigger a global recession of great intensity.