If President Barack Obama totally caves to the yammering Republicans on the extension of Bush tax cuts issue, and gives them everything they want, he may never recover the ground he would sacrifice in the process. In a nutshell, he will look like an absolute wuss.
Without an agreement of some kind in Congress the tax cuts will expire for everyone. So, in a brutal sense, time is on Obama's side. Obama, the good poker player, must calmly wait for the Republicans to recover from their victory party hangovers and offer the Democrats a compromise worth considering. After all, this is a showdown he has known was coming for a long time.
Moreover, this is precisely the perfect time for the president to demonstrate the bottom line veto power of the presidency and play some whoever-blinks-first hardball politics. Either it's a meet-in-the-middle compromise about this dollars and good sense issue, or the time just expires.
Obama can't cave on this one -- scared money never wins. If the time runs out, let the GOP explain why it allowed taxes to go up for 98 percent of the people.
Without an agreement of some kind in Congress the tax cuts will expire for everyone. So, in a brutal sense, time is on Obama's side. Obama, the good poker player, must calmly wait for the Republicans to recover from their victory party hangovers and offer the Democrats a compromise worth considering. After all, this is a showdown he has known was coming for a long time.
Moreover, this is precisely the perfect time for the president to demonstrate the bottom line veto power of the presidency and play some whoever-blinks-first hardball politics. Either it's a meet-in-the-middle compromise about this dollars and good sense issue, or the time just expires.
Obama can't cave on this one -- scared money never wins. If the time runs out, let the GOP explain why it allowed taxes to go up for 98 percent of the people.
-- Words and art by F.T. Rea
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