Back at the end of last year, the Republicans found themselves in a bad spot. If they did nothing, the Bush tax cuts would all expire Jan. 1. Even President Obama wanted to preserve many of them, so there was bipartisan agreement that doing nothing was unacceptable. And thus, John Boehner and the House Republican caucus ended up surrendering too much to President Obama. There was no better choice.
Now, on the other hand, it is the President who is in the same pickle that the Republicans were in back then. If nobody does anything, the sequester kicks in — the spending cuts go beyond what the GOP wants, but certainly Obama gets none of the tax increases he wants. So the only compromise possible is for the President to give up on some of the tax increases. We are seeing his allies — Nancy Pelosi and the rest of the House Democrats — making wild statements to try to curry favor with the American people. But they cannot win — and President Obama knows it. Finally, he is talking with the GOP leaders in Congress — something he refused to do last December. My, how the worm has turned!
Now, on the other hand, it is the President who is in the same pickle that the Republicans were in back then. If nobody does anything, the sequester kicks in — the spending cuts go beyond what the GOP wants, but certainly Obama gets none of the tax increases he wants. So the only compromise possible is for the President to give up on some of the tax increases. We are seeing his allies — Nancy Pelosi and the rest of the House Democrats — making wild statements to try to curry favor with the American people. But they cannot win — and President Obama knows it. Finally, he is talking with the GOP leaders in Congress — something he refused to do last December. My, how the worm has turned!
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