Art Cashin: Going Over The Cliff Could Turn The GOP Into A Modern-day Whig PartySubmitted by emalvini on Mon, 12/10/2012 - 14:36
Brett LoGiurato | Business Insider
Dec. 10, 2012
Polling conducted on the fiscal cliff has consistently shown that Republicans would be blamed if no deal is reached to avert the so-called "fiscal cliff."
But UBS Financial Services Director of Floor Operations Art Cashin adds a new wrinkle to that notion today: That Democrats might willingly want to go over the cliff, seeing it as an opportunity to "decimate" the Republican Party and turn it into "a modern version of the Whig Party."
In today's "Cashin's Comments," he writes:
Some advisors to the President may see going over the cliff as a huge political win. They think the public can be easily convinced that it is the Republican's fault. They may further believe that it (if played right) would not only embarrass and weaken the Republicans; it could decimate them, turning them into modern version of the Whig party – a powerless, disappearing political force. They may see it as a multi-decade opportunity allowing the Democrats to call the tune on the national agenda as far as the eye can see.