The Mythic Fiscal Cliff "DEAL" Happens, Sort Of

flickr image  by  katieharbath

It looks like Biden and McConnell have cut a deal that Obama will buy. Now, they have to sell it to Boehner's House of Representatives. 

The main ingredients include:

-Make Bush tax cuts permanent for people making under $450,000

-extend unemployment

-delay the sequester by two months

-maintain the $5 million estate tax threshold

Supposedly, a vote will happen tomorrow. 

I'm not impressed. Are you?

Obama could have held at $250,000. He could have gotten more concessions. Let's face it. He's a terrible negotiator. Weak is one way to look at him. Or, as so many OEN readers remind me, he does it on purpose to take care of and protect the people he really serves. 

The word is that the unions are going to oppose any deal that allows a tax break over $450,000. As though Obama will care about that. 

Bottom line, Obama cut a deal he didn't have to that handed a tax break to another 1% of the wealthiest Americans. 

When you make body language that shows your hand, it's called a tell. Obama showed a tell-- in his negotiations-- that he's willing to screw social security recipients. We know that it's just a matter of time-- probably two months down the road, when the sequester comes back to haunt him. 

He's show weakness in all his dealings. The Republicans know. Pelosi has shown that she'll sell out the people who voted for Democrats, expecting them to keep their promises to hold the tax break at $250,000. 

I'd love to hear your thoughts about what's going down.