"It would be hard to imagine a more dispiriting prelude to a new presidential term than this week’s sorry “fiscal cliff” deal to defer (and perhaps multiply) the nation’s financial problems. After President Obama failed to negotiate a serious “grand bargain,” he had to be rescued with a mini-bargain brokered by Vice President Biden, the loquacious master of old-time, cracker-barrel politics."
VP Biden to the rescue? Is that scary or what?
Yesterday, the very respected economist Robert Samuelson made the same point:
"The "fiscal cliff" is a massive failure of presidential leadership. The tedious and technical negotiations are but a subplot in a larger drama. Government can no longer fulfill all the promises it has made to various constituencies. Some promises will be reduced or disavowed. Which ones? Why? Only the president can pose these questions in a way that starts a national conversation over the choices to be made, but doing so requires the president to tell people things they don't want to hear. That's his job: to help Americans face unavoidable, if unpleasant, realities. Barack Obama has refused to play this role."
P.S. Rush Limbaugh calls them "morons". He is right! Click here for our show with Bruce Krasting:
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