Yeah. McArdle's backed by the Koch brothers, which is why I thought her coming out in favor of letting the cuts happen was noteworthy. That Krauthammer thinks so too means more conservative pundits may be okay with it. He's saying no deal rather than a bad deal. I can totally get behind that. I just expect the natural inclination of Congress is to do a bad deal.
It wouldn't be a big surprise to me if the word among the pundit class is that the negotiations are doomed so it's time to write articles on why this isn't going to be such a bad thing. It's been so hyped up to now that they'd look really dumb if January came without a deal and life went on anyway.
"Fiscal cliff" was a phrase Bernanke came up with. I didn't think it was a particularly good description in the first place.
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Date: 2012-12-03 02:39 pm (UTC)It wouldn't be a big surprise to me if the word among the pundit class is that the negotiations are doomed so it's time to write articles on why this isn't going to be such a bad thing. It's been so hyped up to now that they'd look really dumb if January came without a deal and life went on anyway.
"Fiscal cliff" was a phrase Bernanke came up with. I didn't think it was a particularly good description in the first place.