10 who led us to the fiscal cliff

They fed our greed and guilt and told us we could have all the spending and tax cuts, too. While practically all of us had a role in this mess, these 10 stand out.

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VIDEO ON MSN MONEY

412Comments
Dec 6, 2012 4:23PM
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Its the same old story, the Republicans earn the money for the Democrats to spend.  Obamas energy green energy policy is specifically designed to kill fossil fuel power plants and raise energy prices.  This will kill manufacturing jobs and push them overseas.  The environmentalist movement is so backwards that they will not allow solar panel plants, wind energy, or hydro power here in Caliifornia.  California is absolutely on a death spiral.  It won't be long before agriculture is gone.
Dec 6, 2012 4:04PM
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How stupid does the media think we are??? They don't  think the American public is stupid... they know!! How else could a President with the record that Obama compiled be elected? Get real! The only future election that will ever have true credibility will have a competency test to prove that the voter knows how to read, and the potential consequences of his actions. Even then, it may be too late given the number of direct and indirect government dependents now on the dole. The unions, government employees, and the welfare food stamp millions, vote as a unified block that now out numbers those with rational non-self centered common sense.
Dec 6, 2012 4:02PM
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What a "Laffer" of an article. Is the writer trying to pull a Sandra Fluke and get invited to the White House? The" Laffer curve" is correct and accurate. Even Obama didn't want to raise taxes during his first(wish it were last) term. He knew it would cause damage to the economy and he wouldn't get a second term to destroy the nation.
Dec 6, 2012 4:01PM
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Wow!  MSN finally got it right.  However, you should pound Obama for not cutting spending.
Dec 6, 2012 4:00PM
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Would the popular vote be the way to go instead of how we do this now?  I think we get a popular vote now, it is just in the electoral college.  Reminds me of high school.  We called the vote of officers in the class according to the popular among upper clicks.
Dec 6, 2012 3:57PM
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Obama,is out to destroy America as we once new it.  From capitalism to socialism!
Dec 6, 2012 3:56PM
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Your kidding right??  I havent read anything so progressive slanted since Obama's one attempt at a budget which got 0 votes in a dem. controlled Senate.  The election is over, lets stop blaming Bush and get serious about returning our country to the greatness it was created for.
Our economy got destroyed in 2007 when the dems took over both houses and started the downward trend we are trying to find leaders to get us out of.
Tell your representative to start being honest and do what is right for America, and not what is good for their re=election.

Dec 6, 2012 3:41PM
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Just looking quickly at the names of those this author feels a responsible for the "fiscal cliff", tells alot!! I agree w/ Rex Netting, about the 2 people he indicts that really had nothing to do w/ it.
And, I agree w/ dengo104, when he tells of the people left off the "list of 10". But it is apparent he points more to Rep. then to the liberal/Progressive left...and here in lies his bias!!

But most disappointing was the way he speaks of President Obama, the Pres who did inherit an economic fire that he decided to put out w/ a nuclear bomb!!!
Well, i guess if you were to obliterate a building fire w/ a nuclear bomb... It would destroy the burning structure eliminating the structure and the fire, but in this case, his schizophrenic bomb will also destroy and eliminate this great Nation, too.
GOD SAVE THE U.S.A.

 

Dec 6, 2012 3:37PM
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Wow; the author is all over the board. Started my MBA later in life on the other side of 40 (this was in '05); and I believe that I was a little more wise of the ways of the world by that time. First off, I am glad to see Clinton on this list; I still remember his graphs on the nationally televised program to proclaim how well we were (the author failed to mention that the .com's were a 1 in 20 bet at the time, which Clinton used as wishful thinking for long term sucess). Bush...even with 9/11, the economy was actually doing quite well, and GDP was healthy. Unfortunately, people became greedy when they were able to take advantage of liberal policies in the housing market that snowballed out of control (where was Frank and his gang on this list). The other name missing is that of the Great Blamer; had he been my son, he'd never have left the house had he blamed others as much as he does. When unable to succeed, blame someone else; Obama is a master at it. Quite frankly, between the GOP refusing to budge on raising rates on the rich (then again, it's funny how the Fed Tax started at 2% on income over 10K back 100 years ago; so why should they budge), Obama, his libs (and some from the right) will get what they really want, a tax hike across all income levels that currently pay  taxes.
Dec 6, 2012 3:32PM
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Obama Wins 8 of the Nation’s 10 Wealthiest Counties

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  Published: Wednesday, 7 Nov 2012 | 10:35 AM ET

 

Producer, CNBC.com

In an election that often focused on debates about class warfare, President Barack Obama was favored over multimillionaire businessman Mitt Romney in eight of the nation's10 wealthiest And his margin of victory in all eight counties was greater than that of the national vote, in which Obama was leading by 50 percent to 48 percent with 97 percent of precincts reporting.

The findings are based on a CNBC.com analysis of Census Bureau numbers on average annual household income from 2006-2011 and results from Tuesday's elections.

The 10 richest counties accounted for 1,337,700 votes, or about 1.1 percent of the national popular vote.

In the richest, Massachusetts' Nantucket County, where average annual household income is over $137,000, Obama won by 63 percent to Romney's 36 percent with all precincts reporting. The richest county in Romney's home state is also where, just prior to accepting the Republican nomination, the former Massachusetts governor held a$75,000-per-person dinner fundraiser.

In none of the richest counties was the margin of victory wider than in California's Marin County, just north of San Francisco, where the president won by 74 percent to 23 percent, with all precincts reporting. In Marin, the average annual household income is $128,544.

The two richest counties where Romney won were in New Jersey: adjacent Hunterdon and Morris counties in the northern part of the state. Romney won in Morris by 55 percent to 44 percent and in Hunterdon by 59 percent to 40 percent. However, Somerset County, which abuts Hunterdon and Morris, went to Obama by 53 percent to 47 percent.

—By CNBC's Paul Toscano

Dec 6, 2012 3:30PM
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American Patriot:

I guess the educated, were not educated enough!  So much for the liberal educated or should I say "Brain Washed".  who think there are so smart!  Time will tell how smart they are!=======

 

What the F are you talkng about.

Dec 6, 2012 3:30PM
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Who wrote the article? A great number of people continue to demand services without paying for them. You forgot the first Bush in exchange for higher taxes, the Dems would cut spending and entitlement growth.  We saw how that worked out.  Democrats will never cut "entitlements" and the fallout would be horrific if they did.  Republicans must realize  that you when lose; you have to vote to raise revenues to pay for what people think they want.  You also need to include FDR and LBJ for the course we are on now.  Social spending costs big bucks without much in return.

 

 It is bare cupboard time and dog is going to starve.  Both sides need to get the word :No unpaid for wars and each of us must become more self reliant.  If you take from the government, they get to make the rules which includes raising taxes t pay for it.   No one's mother ever said life was going to be easy or fair.   As for me I am going to speak Greek.

Dec 6, 2012 3:15PM
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and a President who never had a job ,not even part time
Dec 6, 2012 3:15PM
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This whole thing smacks of the NBC socialist propaganda. Trickle down economics dId work until the liberal entitlementality was forced on the masses. With Barney Frank and company forcing the mortgage giants to issue loans to suspect borrowers and union costs and wages pushing more and more businesses either out of business or overseas, wall street propping up suspect stocks and bonds at the behest of federal manipulation, with wellfare rolls now growing and the Obama foodstamp fiasco ever enlarging -BY REQUEST_ and with European socialist influence by Soros and company, and the best of all, Timothy Geithner and his moronic view of fiscal judiciousness.

Art Laffer had it right, but that was just a dream.

Dec 6, 2012 3:13PM
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Tax everybody 100%.  Where will get us?  Government's control of everybody's live. Isn't that Obama's objective!!!!
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How could this guy leave off Frank and Dodd, oh my bad he's not really a journalist, just a left-wing hack.

Dec 6, 2012 3:02PM
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Obama, I came , I saw , I conquered .  the ruination  of America, is my goal.  I am almost there.
Dec 6, 2012 2:57PM
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Unbelievable. No mention of Reagan anywhere. Who was the president that started all of this Republican mess about "decrease tax rates and more revenue will be generated." How many of you would go to your employer and say " I need more money to take home, so decrease my wages by $1 and hour?" That is stupidity in it's most obvious for ...
Dec 6, 2012 2:54PM
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But see that is the problem it was working until we had the housing issues.  I do agree that we have way to much government spending.  We as a country have to decide what we want.  Full employment or big government.  We will not have both.  Also taxing a group more to be fair even agreeing that it might cut tax revenue to be fair is pretty short minded. 

Lets just do away with all of the tax cuts, let everything expire.  It does not matter as long as we keep on spending more than we are taking in. 

Dec 6, 2012 2:50PM
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Bill Clinton is partially responsible for this mess becuase he created a surplus & made it look easy ~ WTF?  Where's Dodd in this indictment?

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