By accepting his own reduced political standing and admitting Republican thinking into his own policy formulation, President Obama has plunged headlong into the political calculus known as triangulation.
That's what we called it back in the mid-1990s, when President Bill Clinton tried to save himself (and the last power the Democrats had in Washington) by posing himself against both Democrats and Republicans in Congress.
All the tough talk in the president's statement Monday night was directed at Republicans, who over the weekend blocked the president's effort to extend current tax rates except on income above $250,000 per family. They even threatened to filibuster an attempt to raise rates only on incomes of $1 million or more. The GOP was ready to let taxes go up on everyone Jan. 1 (when current rates revert to higher rates from the 1990s) rather than permit a policy change unfriendly to the wealthiest.
But after the tongue lashing for the Republicans, the president proceeded to outline a deal that lacerated the Democrats. By agreeing to a two-year extension of tax cuts for the wealthy — sacrificing his own long-held position — the president can be seen as embracing the centerpiece of Republican orthodoxy. By doing so, the president is putting considerable distance between himself and the convictions of progressives everywhere.
http://www.npr.org/blogs/itsallpolitics/2010/12/07/131876976/with-tax-deal-obama-embraces-clinton-s-third-way