Industry Calls for Real Fiscal Reform

NEW YORK CITY-After weeks of post-election posturing, it seems that politicos on opposite sides of the aisle are at last coming together on a compromise over the so-called Fiscal Cliff. But while it solves the immediate fear, CRE experts we talked with exclusively say it simply is not enough. That the forces of the left (headed by President Barack Obama) and House Speaker John Boehner‘s crew on the right are approaching a middle ground, with both sides backing off (at least a bit) of their tax-the-wealthy positions, is a good thing. But if the promise of compromise seems hopeful, at the end of the day, the experts say, it’s simply a temporary fix.

That’s not to say a resolution of the Fiscal Cliff problem is not critical. GlobeSt.com’s most recent poll, which garnered more than 440 votes, asked how much of a problem the Fiscal Cliff will be, and the majority (54%) believe it “Will Hurt Us and “We’ll Have DC to Blame.” Another 29% responded that “It’s Another Political Football. Nothing More.” (Minority answers—in the single-digits, believe “It Won’t Impact Us.”)