“Let’s begin our work with where we agree,” the president said, noting the Senate has passed the measure and that both parties agree on holding down rates for the majority of taxpayers. “If we can get a few House Republicans to agree as well, I’ll sign this bill as soon as the House sends it my way.” – GOP divide over Obama tax plan goes public [CNN]
IT LOOKS like Speaker John Boehner is taking over where Mitch McConnell started when Obama won his first term. No sooner had the President said he’d sign a deal to extend tax cuts to everyone but the top 2%, then come back after the New Year to work on a broader economic plan, than Boehner told him to get screwed. He just used more diplomatic language.
And I don’t know who Erskine Bowles thinks he is, but this guy has now gone well over the line, even suggesting a recession might result if the fiscal
cliff scheme isn’t followed.
“We are going to have to have real compromise. Nobody can be an absolutist, nobody can win everything,” Bowles told reporters after his meetings. “The Republicans are going to have to give on revenue and the Democrats are going to have to give on entitlement reform. And by the way, if we are really going to put our fiscal house in order, that’s what we need to do.”
This is what happens when any president refuses to let Congress do its job and puts together a commission of unelected people to make decisions.
There is no time before the New Year to have a thoughtful and productive discussion on entitlements, the most contentious subject in any economic battle. Anyone suggesting otherwise should not be taken seriously.
This debate was had and President Obama won on taxing the top 2%.
Even Rush Limbaugh even understands this, saying today on his radio show that there was no reason Obama should give after winning the election, with their no reason Republicans should think they have any power to make him do so.
There’s one deal right now and that’s passing tax relief for everyone but the top 2%. If Republicans want to vamp until their families start squealing as we get closer to Christmas that’s fine, but Democrats should not fall for this scheme, because the only ones going over any cliff will be Republicans and their Wall Street pals like Lloyd Blankfein.
Bon voyage, fellas. Oh, and take Erskine Bowles with you.