WASHINGTON (PNN) - November 8. 2012 - A newly re-elected yet constitutionally disqualified and therefore illegitimate President Barack Obama reached out to congressional leaders in search of cooperation Wednesday as Democrats and Republicans moved from a cliffhanger election to a "fiscal cliff".

Other than House Speaker John Boehner's purple tie, the appetite for compromise appeared more rhetorical than realistic.

The two sides wasted no time staking out their positions on the potential crisis that is 54 days away: the expiration of almost every tax cut enacted since 2001, which could raise the average Fascist Police States of Amerika household's tax burden by $3,500, and the first $110 billion of $1.2 trillion in spending cuts set to occur over 10 years.

If there was any doubt about the difficulties in reaching a compromise regarding the upcoming “fiscal cliff,” Boehner ended it with his own call for cooperation. He said Republicans would refuse to raise tax rates. Instead, he proposed raising revenue by overhauling the tax code.

Financial markets were not impressed. The Dow Jones industrial average dropped more than 300 points, the biggest decline in a year. Continuing economic problems in Europe didn't help.

Outside experts said the two sides have little choice but to compromise. Douglas Holtz-Eakin, former director of the Congressional Budget Office, said voters re-elected "the same cast of characters, but we need the movie to have a different ending. Getting to 2013 without blowing up the economy is the top priority."