Obama on tricky path in fiscal cliff negotiations
President Barack Obama is kicking off budget dealings with congressional leaders with new leverage from last week's big win, but he confronts a decidedly tricky path to avoiding a market-rattling "fiscal cliff" that could imperil a still-fragile economy. Obama's GOP rivals promise greater flexibility on new tax revenues, but Democrats face pressure from liberal interest groups urging the president to take a hard line and avoid cutting big benefit programs like Medicare and food stamps. It's up to Obama to navigate the course toward an agreement. At issue is a one-two punch of expiring Bush-era tax reductions and across-the-board spending cuts set to hit in January as punishment for the failure of a gridlocked Congress to reach a deficit-cutting deal last year. Economists and business leaders warn the combination could send the economy back into recession, and all sides in Washington say they want to avoid going over the cliff.
People:
President Barack Obama
Overall Sentiment: 0.0449327
Relevance: 0.883832
| Sentiment | Quote |
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| 0.0975611 | "When it comes to the top 2 percent, what I'm not going to do is to extend further a tax cut for folks who don't need it," Obama said ... |
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Disambiguation: Politician | President | Appointer | AwardWinner | Celebrity | PoliticalAppointer | U.S.Congressperson | USPresident | TVActorReferences:
John Boehner
Overall Sentiment: -0.0136336
Relevance: 0.220425
| Sentiment | Quote |
|---|---|
| 0 | "If you have looked closely at what the president had to say and looked closely at what I have had to say, you know, there are no barriers here to sitting down and beginning to work through this process," Boehner said ... |
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Disambiguation: Politician | OfficeHolder | U.S.CongresspersonReferences:
Minority Leader Mitch McConnell
Overall Sentiment: -0.0928856
Relevance: 0.172672
Disambiguation: Politician | Senator | U.S.CongresspersonReferences:
Majority Leader Harry Reid
Overall Sentiment: -0.0957035
Relevance: 0.148074
Vice President Joe Biden
Overall Sentiment: 0.138111
Relevance: 0.116439
Nancy Pelosi, D-Calif.
Overall Sentiment: 0
Relevance: 0.0913473
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- Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
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- The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).
Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
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Obama on tricky path in fiscal cliff negotiations
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As the president kicks off meetings with congressional leaders, it's up to him to navigate the path forward
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