Resolving the fiscal cliff: Is it drama, comedy, kabuki theater, New Year’s Eve countdown or a psychic event? It could be something from the cosmic realm, judging from a statement President Obama made late Friday after his White House meeting with House and Senate leaders about solving the crisis:
“The American people are watching what we do here. Obviously, their patience is already thin. This is deja vu all over again. America wonders why it is that in this town, for some reason, you can’t get stuff done in an organized timetable; why everything always has to wait until the last minute. Well, we’re now at the last minute, and the American people are not going to have any patience for a politically self-inflicted wound to our economy. Not right now.
“The economy is growing, but sustaining that trend is going to require elected officials to do their jobs. The housing market is recovering, but that could be impacted if folks are seeing smaller paychecks. The unemployment rate is the lowest it’s been since 2008, but already you’re seeing businesses and consumers starting to hold back because of the dysfunction that they see in Washington.
“Economists, business leaders all think that we’re poised to grow in 2013 — as long as politics in Washington don’t get in the way of America’s progress.
“So we’ve got to get this done. I just want to repeat — we had a constructive meeting today. Senators Reid and McConnell are discussing a potential agreement where we can get a bipartisan bill out of the Senate, over to the House and done in a timely fashion so that we’ve met the December 31st deadline. But given how things have been working in this town, we always have to wait and see until it actually happens. The one thing that the American people should not have to wait and see is some sort of action.”