Wednesday, January 2, 2013

Fiscal Cliff Compromise Makes Both Sides Unhappy - Updated



Victory? No, Liberals Think Obama Caved

Conceder In Chief?
OK, now for the really bad news. Anyone looking at these negotiations, especially given Obama’s previous behavior, can’t help but reach one main conclusion: whenever the president says that there’s an issue on which he absolutely, positively won’t give ground, you can count on him, you know, giving way — and soon, too. The idea that you should only make promises and threats you intend to make good on doesn’t seem to be one that this particular president can grasp.
And that means that Republicans will go right from this negotiation into the debt ceiling in the firm belief that Obama can be rolled.
~ Paul Krugman on New York Times

Obama Caves on Taxes
The White House and Senate leaders reached a bipartisan compromise on the fiscal cliff that would allow tax rates to rise on income over $450,000 and delay steep automatic federal spending cuts for two months.
Two months? He sold out his chief campaign promise for a two month delay? How could someone this bad at negotiating get such great deals in the Chicago real estate market?
The deal plays perfectly into Republican hands. Senator Graham admitted on the Senate floor that he considered this deal “Round 1″ and the Debt Ceiling agreement “Round 2.” In other words, get ready for another shakedown to protect the rich at the expense of everyone else. And if it was not clear before, Obama has every intention of screwing those relying on social programs – in fact, he already did so by moving the needle from 250,000 to 450,000. That is a lot of lost revenue to make up for in cuts.
~ D.S. Wright on FireDogLake


The GOP in Disarray and Disgusted


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