Social and political criticisms
US Fed Chairman Ben Bernanke that even potent stimulus from Central Bank would not be enough to avert crisis from twin shocks of: automatic spending cuts, and removal of tax breaks.
And yet the US Solons, true to partisanship have been unable to come to an agreement/legislation to avert such a cliff. Some officials said that Pres Obama has been unable to pressure Democrat led Senate to agree with the Republican controlled Congress.
When will politicians stop bickering/acting like politicians even in the face of financial crisis.?
When will nations have strong and courageous leaders?
Will there be crisis - fiscal cliff or will they agree at the last minute (as in the debt limit law last Aug 3l, 20ll?)
US lawmakers must act now - Ben Bernanke
