Ohio tips the scale
posted by Jim Barber
at 7 November, 8:32 AM 0
President Obama has taken the state of Ohio and, with it, a second term. We will know within weeks, maybe a month or two, whether he will continue the country on the disastrous path to insolvency, or whether, no longer facing another election, he will ignore his left wing base and begin to heal the economy. The first indication will be how he works to solve the “Fiscal Cliff.” With a divided congress, there is no mandate to raise taxes. Economists know that deficit spending and the debt problems cannot be solved with higher taxes and spending cuts. It can only be solved by economic growth. If he continues to attack business that will not happen and in 2014 he may face the same problem Bill Clinton faced in his first term – a Republican House and Senate.
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