General Discussion
In reply to the discussion: Krugman's Perspective on the Deal [View all]hfojvt
(37,573 posts)One of my MAJOR complaints with Obama is NOT where he ended up.
No, worse than that. It is where he STARTED.
As Krugman writes "Obama wasnt going to let all the Bush tax cuts go away in any case; only the high-end cuts were on the table."
My position is, and always has been, that the country would be better off if ALL of the Bush tax cuts had gone away.
Obama COULD have let that happen, but he CHOSE not to. Not because of Republicans, but because of his own perfidity.
perfidity meaning "breach of faith, treachery"
So, Obama started from a point where he made huge concessions to the Republicans and the rich. Anything better was NOT "on the table".
Then he made even more concessions.
And in return he got - unemployment benefits.
The expiring tax cuts were a sword of Damocles hanging over the Republicans heads. Something which could have been used to protect the big three in future debt ceiling negotiations or that would eliminate future debt ceiling negotiations.
Instead of getting something for his hostages, Obama just snatched the sword away so he can head into February with no leverage. Unless the threat of default is some sort of leverage. It was not worth much in the last round.