Category: John Boehner

The Harsh Republican Reality of the Fiscal Cliff

I break from a majority of Republicans on the current fiscal cliff negotiations and believe the rate increases that Democrats are seeking should eventually be agreed to. More specifically I would support John Boehner signing on to taking the top bracket from 35% to 37-38% (short of the 39.6% Obama wants).

Of course the argument against doing so is the superior one—essentially that the Senate and the President want more money to spend while having not passed a budget in 3 years and having not yet put any real spending cuts or entitlement reforms on the table. But the two Parties have been at a stalemate over this issue for years and in my view the trump card is that last month they held the …


A New Year, A New Congress

Out with the old, in with the new, goes the standard cliche every year about this time.  No, this is not a reference to Nancy Pelosi’s age, although incoming House Speaker John Boehner is 9 years younger.  Speaker Boehner does represent a new attitude and the resulting optimism is being reflected in the markets and the broader economy.

Consider:

  • Retail sales, Christmas sales, were up significantly over 2009
  • Consumer and business confidence for November and December have inched higher
  • Jobless numbers are moving downward, evidenced by today’s ADP employment report that suggested 297,000 new private sector jobs were created in December (this is a big number!)

This is not a coincidence.  This is, however a direct result of increased optimism in the country due to …


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