SHOCKING! SHOCKING, I say.
Speaker Boehner is bringing back the House on Sunday, because Republicans are looking really small in this and at the bottom everyone knows middle class tax cuts will pass at some point and they might as well appear in the game. But, yes, I still believe a deal will get done and it won’t matter if it comes a bit late.
The middle class and seniors already dodged President Obama’s stunt, with the help of Pelosi and other establishment politicians, trying to cram Social Security cuts into an end of the year deal, something Republicans would never have tried. We’ll see it revived in the New Year buy Obama and the Democrats, but that’s not exactly news if you’re a regular reader around here.
I’ve not watched much of the media kabuki and cable hand wringing and wailing, because I won’t play the sucker for these numbskulls, media or politicians, buying into the ridiculous drama.
On the fiscal scheme, Ben White channels my own thoughts on the matter:
If a deal is struck sometime in January to reinstate at least some of the Bush tax cuts and a patch is applied to ensure the alternative minimum tax does not slam the middle class, the damage should be limited, many economists say.
Even if Congress would botch a last minute deal on the fiscal scheme, screwing up not hard to imagine, does anyone believe it couldn’t be fixed fairly quickly afterward? With all the establishment politicians depending on corporate dollars to get elected, does anyone believe they’ll make the lives of their corporate sponsors miserable by causing a collective heart attack on Wall Street?
As a bookend to Boehner and the Republicans, take a listen to Rep. Steny Hoyer, as corporate a Democrat as you’re going to find. He had the audacity to invoke a child taken hostage and threatened with being shot on the other issue swirling, the debt ceiling.
“It’s somewhat like taking your child hostage and saying to somebody else, ‘I’m going to shoot my child if you don’t do what I want done.’ You don’t want to shoot your child. There’s no Republican leader that wants to default on our debt, that I’ve talked to,” Hoyer said at a Capitol Hill press conference. – Hoyer compares GOP debt limit tactics to hostage taker threatening to shoot child
So close after the Sandy Hook tragedy, Mr. Hoyer’s speech is so stunning it’s hard to put into any context that would let him off the hook.
Classy bunch we’ve got in Congress.