Code red for America's political economy

The year 2011 will fittingly end with further disputes between Republicans and Democrats, reinforcing the idea that politics is crippling America's economic future.

With barely more than two weeks left to go in 2012, it is only fitting that Congressional Republicans and Democrats are once again engaged in doing what they do best: playing politics with the economy. The current fight over extending a payroll tax cut and unemployment benefits is just one more instalment in America’s least favourite reality TV show: Partisan Gridlock.

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