They say that two thing you never want to see are: sausage being made or legislation enacted by the government. Well one of the processes happened over the holidays as both houses of Congress passed legislation to prevent the "fiscal cliff" from happening. http://nbcpolitics.nbcnews.com/_news/2013/01/02/16288012-fiscal-cli... A lot of the negotiations went on behind closed doors and it must have been a mess to witness.
For one, I will be glad to see the markets reaction and hope it is positive. So many Americans depend on the investments they made over a lifetime, or are counting on IRAs for their future. We should not damage the future financial growth of our country over a fight of ideology. I'm sure everybody else will be glad to not have their taxes increased or for the unemployed to keep getting insurance payments. I understand the fiscal cliff of milk prices was also avoided. Moo!!!
We found out that some politicians can't compromise and stick to a position no matter what. This was the whole intent of the fiscal cliff, to create an event so bad that most sensible people would compromise their ideologies for sake of survival. But there are those who didn't care for anything more that assuring their re-election or sticking to a pledge they signed.
As it turned out, the best two negotiators were VP Joe Biden and Sen. Mitch McConnel. I think both of these men have been in the smoke filled back room before and know how to make a deal. They are a couple of old horse traders.
I am reminded of a neighbor of mine. He drove a 15 year old Buick sedan but I know he was loaded and could afford a much better car. So one day I asked his wife why they had such an old car.
She related, "You know Joe, he's as hard headed as a mule. About every six months he gets his numbers together on the cost of new cars and the trade-in value of the Buick. He then goes down to one of the local car dealerships and tries to make a bargain. But after a round of offers, he gets his dander up and walks out, refusing to budge from his negotiating target. He's been doing that for ten years now and we still are driving that old Buick."
Unfortunately, Joe passed on a couple of years back and in about two weeks and shinny new Cadillac was sitting in my neighbor's driveway, and the old Buick was history. His wife had a smile on her face as she pulled it into the street to go shopping for all the stuff Joe wouldn't let her purchase during their marriage.