Fed Chief Ben Bernanke has stated in the past that there will be a stimulus programme, should the circumstances require it, but so far it is an indication of the resilience of the US economy and the confidence people have that it has not been necessary. If and when it is needed, it will be there, in short.
At his testimony on Capitol Hill recently, the Fed Chief proposed an elegant formula for continuation of Recovery by painting in a few brief words the scenario people would like to see averted.
Mr Bernanke said that "Tax increases and spending cuts equal fiscal cliff, resulting in 1.25 million fewer jobs being created in 2013."
Therefore, the corollary, if there are no tax increases and job preservation or creation can be implemented, then that would result in avoidance of the fiscal cliff - i.e. a continuation of Recovery.
No matter who they may wish to see elected to the White House in November, the body politic on both sides of Washington must see the nobleness and necessity for bi-partisan co-operation to ensure that the above elegant formula has a positive glow for the good of all as a nation.
A slight downward correction in the price of Oil from current levels would ensure continuation of Recovery, worldwide. When America sets the tone, other nations follow suit.