Matthew Cohen, MSW

Matthew Cohen, MSW

Social Justice Solutions | Staff Writer
Twitter Facebook Facebook Google linkedin web

Fiscal Cliff Optimism Translates Into Stock Gains

By Matthew Cohen
SJS Staff Writer

There continues to be optimism that Democrats and Republicans can do their jobs before the New Year. I say “do their jobs”, because making sure that the country is stable is their job. It a public trust that they will take the good fortune of all before the narrow interests of radicals and lobbyists. Reuters is reporting that the Stock Market rose today based on favorable signs for compromise. There is good reason to believe there a spirit of compromise will befall Capitol Hill just in time for the holiday season. It’s hard not to be skeptical, the debt ceiling disaster ended in the downgrade of the nation’s credit rating. This has an eerily similar feeling, and there is talk that a downgrade is possible if an agreement is not made on the Fiscal Cliff.

On a side note, I find it disturbing that the stock market swings based on rumors of public policy. The fact that the nation’s well being is tied to a gambling operation is questionable in the first place. Watching the stock market rise based on this news is like watching the line of the Super Bowl move based on an injury report. The American people deserve more the antics of bookies and gamblers.



Our authors want to hear from you! Click to leave a comment

Related Posts

Subscribe to the SJS Weekly Newsletter


  1. Michael Serene November 19, 2012
  2. Michael Serene November 19, 2012

Leave a Reply