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By Chancellor Angela Merkel, US President Barack Obama has learned how to deal with crises. For the global economy in the year 2013 the agreement between President Barack Obama and the U.S. Congress bodes.
The United States have jumped on the new year's day also does not have the fiscal cliff, as the White House and the negotiators of of Senate on a mini package have agreed. It increased the taxes only for high-income and extended the tax cuts of President "W" terrible Bush for the majority of taxpayers. It was a small package, because you had omitted the two other critical issues: the debt ceiling and spending.
Don't me wrong please. The problem in the United States is of course a completely different than that in the Europe area. The United States are in contrast to Greece solvent. They have their own Central Bank, which is not only theoretically able to print money, but is also almost ready to go to stimulate the economy to the utmost. The problem in America is the legal debt ceiling of $16.4 trillion. The United States have already reached this limit.
The Republicans will prevail to 60 or 70 percent
The problem is that President Barack Obama has signaled through his turn in the recent negotiations, that he is not ready, that country to jump over the cliff to let. He had a weak moment. Unfortunate that brought the Republicans are in a better negotiating position. I appreciate that the compromise to be expected in the next few weeks will include substantial spending cuts and only a symbolic boost to the debt ceiling. The Republicans will prevail to 60 to 70 percent. And so first of all died so long hoped-for economic recovery this year.
The only ray of hope is that thanks God, the name of the new President is not Mitt Romney but Barack Obama. The best result from 2012.Happy New Year.
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