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Obama begins bipartisan talks on spending cuts

Obama begins bipartisan talks on spending cuts 17 Nov 2012 The Obama administration and Democratic and Republican congressional leaders held their first meeting Friday to discuss a package of budget cuts and tax increases to be adopted before the end of the year, in the name of averting the so-called "fiscal cliff"...Held only nine days after a national election that returned Obama to the White House and maintained Democratic control of the Senate and Republican control of the House of Representatives, the meeting was a demonstration of the essential unity of the two capitalist parties when it comes to defending the interests of Wall Street at the expense of the working class. [See also: The Next Step: Occupy Walmart.]