Must-read article discussing the options for Romney (clearly no longer valid in defeat) and Obama in dealing with the “fiscal cliff”.

Main take-out: if Obama does nothing, the world does not end in Jan 2013 and he ends up with a much stronger hand against the Republicans (e.g. how can they campaign on ‘lower taxes to raise defence spending’?). With the writer, I can’t see this happening, but  what a nice position to be in for Obama.

Barack Obama and Mitt Romney’s Economic Plan — New York Magazine.