from The Daily Bell:
Offers fly, but still no ‘fiscal cliff’ agreement … Last-minute deal elusive despite GOP concessions … Senate Negotiators Remain Short of a Fiscal Deal … With hours to go, President Obama and Congress barreled toward the New Year’s Day “fiscal cliff,” trading last-minute offers and narrowing the range of options Sunday, but reaching no deal. “There’s still significant distance between the two sides,” Senate Majority Leader Harry Reid, Nevada Democrat, announced Sunday evening, though he said there was still time to reach agreement by Monday’s midnight deadline. “We intend to continue negotiations.” – Washington Times
Dominant Social Theme: These negotiations are critical for the health of the Republic.
Free-Market Analysis: We have noticed that one way to establish the primacy of government is to create endless crises and then let the mainstream media go to work. Every day there will be new articles, new reports, new deliberations.
People read the newspapers every day and begin to understand that there is no other way for the world to work. The Fiscal Cliff controversy is one of these manufactured crises. The endless sovereign debt crisis in Europe is another. The players come and go but the importance of government is endlessly reaffirmed.