|
|
|
Paul Krugman: Perspective on the DealQuicklink submitted by Sheila Samples Permalink,
|
Become a Fan
(28 fans) |
| On the principle of the thing, you could say that Democrats held their ground on the essentials -- no cuts in benefits -- while Republicans have just voted for a tax increase for the first time in decades. 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. |
Read the rest of the story HERE:
Comments
The time limit for entering new comments on this Quicklink has expired.
This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.
| 1 comments | |
To view all comments:
(Or you can set your preferences to show all comments, always)
Working for the NYTimes?
by Villainesse on Wednesday, Jan 2, 2013 at 1:25:25 AM