They scatter with the winds or vanish with the waves.
- Ariel Murphy
Monday, December 3, 2012
The Fiscal Cliff
Depending on what happens in its
Congress, the US,
said by a European think tank to be the most powerful country in the world,
could very well be falling off its Fiscal Cliff. Either that or it could agree
to end filibustering and work towards bipartisanship.
Seemingly impossible as it may
seem, what with the recent tight race for the presidency, bipartisanship
between the dominant Republican and Democratic parties is very much realizable.
In 1940, as Hitler's guns
pummeled Europe, then US
President Franklin Delano Roosevelt, a democrat, used his political savvy to change
partisanship into partnership with the goal of reaching an agreement on US foreign
policy. It worked.
United politically, the US
led the Allies in halting Hitler's deathly march across Europe and Africa as well as
in ending Japan's imperialistic ambitions in Asia at that time.
No such overt armed aggression among major world powers currently exists. But the fiscal cliff may well
be the one critical battle within the US that could either propel economic
momentum or wipe out whatever fragile gains towards recovery so far achieved.
According to indexmundi.com, the US' gross
domestic product grew at an annual average of 2.8% in 2010 and 1.7% in 2011
after a dismal 1.1.% in 2008 which further plummeted to a negative 2.6% in 2009.
Congress had at least once put
its best foot forward and worked together, regardless of political affiliation
in the face of threats to national and international security. There is no compelling
reason it cannot do the same again.
As 2012 draws to a close and
cognizant of the interrelatedness of world economies,everyone will no doubt be closely watching
how Congress will address the fiscal cliff.
I thought that there was
something about the photo I took below that speaks about this current predicament.