NO MORE INTRANSIGENCE.
Moody's and Fitch must be made to respect the U.S.
It has come to a point, when bad news and sensational media reports were preferred to any other type of information in an election year, just because the opposition of the past three was bent on standing its ground to stop President Barack Obama from winning a second term bid.
Moody's and Fitch, the financial power houses that cater to rating International fiscal strength of countries, were threatening to give the United States a failing grade next year, if attitudes of members of the U.S. Congress did not change in dealing with the debt ceiling talks ahead in sensible ways.
So much stoicism has governed all kinds of negotiations in Washington D.C. over the past few years that no legislation could go through without controversy, and the gridlock that has caused Standard & Poor's financial agency to downgrade the credit rating of the U.S. in 2011, still persisted.
Now, the other two agencies would lower their outlooks on the U.S. to "negative"; a move which would affect the country's economy and slow down its sluggish recovery even more so.... and who would be the losers, but the people that were struggling to find work and to get their lives in order. Things would be difficult for the country as a whole.
"House Speaker John Boehner said he's "not confident at all" that Congress can reach a budget deal to avert the so-called 'fiscal cliff' at the end of this year." a statement in CNN news report said (CNN, 9/12/12).
The fiscal cliff was the combination of the automatic cuts that would come into effect, if the Special Committee to handle the deficit last year should fail.
Well, it failed, and the result would be disastrous in January next year, as tax increases would occur from the expiration of the "Bush era" tax cuts at the end of 2012. As such, all federal programs, including the Department of Defense spending would be drastically affected.
As it was, the Obama administration was doing all it could to calm the waters, but there was hardly any cooperation from the Republican side, due to the intransigence of its Congressional leadership and the repulsive behavior of its members in the U.S. House of Representatives; all to stave off Obama's efforts to get the economy in particular to move in the right direction, and also from his bid of winning a second term.
Voters would be compelled to take note of those in Congress that were interested in stalemates and political philosophies only, than facing up to what they were sent to Washington to do; and that was to take good care of the country's business and to solve its problems, ... and the best idea would be to vote those members out.
Because a dysfunctional Congress was not what the electorate expected, and it (electorate) would be right in getting rid of the "chaff" to make room for a true Congressional representation of the people.
Probably, Mitt Romney, the Republican Party candidate in the 2012 presidential election, would be glad to hear bad news for Obama; but the country deserved a better omen for things to work out in such a way that a president that it (country) would choose, would have the people's interest at heart; and would have the temerity and the tenacity to take the country on the right path to future prosperity.
A constructive opposition should be one that the people wanted, and not a blind one.
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