Now that we've gone over the fiscal cliff (or not, depending on how you frame the situation), it's helpful to understand how much of the deal that was struck was a result of politics and how much was a result of sound economic principles. One way to assess this mix is to look at how economists feel about the fiscal cliff deal
In general, it appears that the economists are not pleased. (Are economists ever pleased?) It's interesting to note that the displeasure spans the political spectrum (from Paul Krugman on the left to Greg Mankiw on the right, for example), though different economists seem to dislike the deal for predictably different reasons.