This article from Economix at the NYT is worth a read. Check it out!
Whilst, the article looks at emerging viewpoints for the Fed, I do not think that it placed enough emphasis on the fiscal deadlock and the extreme and opposed positions of the Democrats and the Republicans. Perhaps, the weakness is with President Obama who saw his power eroded mid-way through his term?
Surely, there is a bigger debate on the alternative fiscal strategies of the two presidential candidates and the likelihood of them having the power to deliver?
What do you think?