January 02, 2013

view of the fiscal cliff bill . . .

Paul Krugman's take on the fiscal cliff bill appears mostly a warning that diligent progressives need to hold the President to his vow to not negotiate the debt ceiling . . . how will that work our? Some of us are optimistic . . .
So why the bad taste in progressives’ mouths? It has less to do with where Obama ended up than with how he got there. He kept drawing lines in the sand, then erasing them and retreating to a new position. And his evident desire to have a deal before hitting the essentially innocuous fiscal cliff bodes very badly for the confrontation looming in a few weeks over the debt ceiling.

If Obama stands his ground in that confrontation, this deal won’t look bad in retrospect. If he doesn’t, yesterday will be seen as the day he began throwing away his presidency and the hopes of everyone who supported him.

1 comment:

  1. The Bush Tax Cuts expired at midnight on December 31, 2012. This new bill lowers tax rates for 98% of Americans.

    And 150+ Republicans voted AGAINST IT.