Mark Gongloff — Here's Hoping Obama's Fiscal Cliff Summit With CEOs Devolved Into Screaming And Dish-Throwing

Mark Gongloff doesn't like what he sees.

In his press conference on Wednesday, President Obama rejected their approach as a non-starter, a hopeful sign that maybe the CEOs have been unconvincing. But as Salon's Alex Pareene points out, the CEOs, and Peterson, and Simpson, and Bowles, have managed to convince most of Washington, including the journalist corps (and also CNBC), that something close to their way is the best approach to cutting a "grand bargain" to fix the deficit and avoid the "fiscal cliff" of tax hikes and spending cuts looming with the turn of the calendar.
We know Obama would love a grand bargain. The risk is very real that the CEOs will end up getting their way.

The Huffington Post
Here's Hoping Obama's Fiscal Cliff Summit With CEOs Devolved Into Screaming And Dish-Throwing
Mark Gongloff | Chief Financial Writer