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On December 7, Washington Post writer Scott Wilson's article headlined, "Obama's tax cut extension part of strategy to show bipartarisanship," saying:
"The move is based on a political calculation, drawn from his party's midterm defeat, that places a premium on winning back independent voters (read conservative ones, Tea Party supporters, and America's aristocracy)."
In other words, shifting right, not left, is planned, not to placate his base but big-monied interests that funded his victory. Raising their taxes assures abandonment for Republicans in 2012. Watch for forthcoming policy to prevent it, ignoring popular need as a result.
A Wall Street Journal Editorial View
A December 10 Wall Street editorial headlined "Pelosi and the Hostage Fakers" threw down the gauntlet saying:
Democrats, not Republicans, are "political hostage takers....What a crew. Democrats....have had two years to avoid this day of tax reckoning, yet they kicked the tough vote into a lame duck session....Then when (Obama) seeks to spare the country a huge tax increase, (the midterm losers) try to bust up the economy and the Obama Presidency on their way out of town."
Moreover, "They want to punish the successful, no matter the economic damage." Whether or not Obama budges on his deal, "why should Republicans oblige? (If) the deal goes down and and taxes go up on January 1, no one will (blame) Republicans....Americans will rightly conclude that Mr. Obama is so incompetent he can't even deliver Members of his own party."
For their part, "Republicans would be fools to give Democrats a single new concession, even a token one. (If) Democrats defeat the current deal," Republicans in the 112th Congress can use their House majority to pass their own and dare Democrats and Obama to oppose them. "That's why we think the Pelosi Democrats are really hostage fakers and will fold if their bluster is called."
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