Economics, U.S. Economy

Reelection hasn’t changed him

Image Credit: Nick Knupffer (Flickr) (CC BY-SA 2.0)

Image Credit: Nick Knupffer (Flickr) (CC BY-SA 2.0)

If you‘ve read Bob Woodward’s book, The Price of Politics, you understand all there is to know about Obama’s first fiscal cliff offer to the Republicans. In excruciating detail, Woodward showed that in the 2011 deficit reduction battle the president was unable to bring himself to put an offer on the table that would seriously address entitlement costs.

If there are two things clear about the fiscal cliff debate it’s that the Republicans won’t accept a tax increase without serious steps toward entitlement reform, and the Democrats in Congress will never on their own propose serious entitlement reform. Now that the president has been reelected, there has been hope in some quarters that he will seek to establish his place in history by leading his party to do the right thing for the country.

On the evidence of his initial offer, it’s not going to happen. Check your parachutes; we’re going over the cliff.

7 thoughts on “Reelection hasn’t changed him

  1. He DID put a grand bargain on the table and the GOP walked away from it.

    And when he CUT Medicare by 800 billion – Romney and company demagogued it and said they would not cut Medicare.

    There have been AMPLE opportunities for the GOP to put forth THEIR version of entitlement cuts but they are gutless wonders.

    They will not stand up for their principles. If they did – they would come honestly and courageously present their plan and put the onus on the POTUS to match it
    or present something competitive.

    The GOP has played this game for 12 years.

    they are feckless.

    You KNOW things are bad when the GOP says we need to make cuts but they want the SCOTUS to do it.

  2. Larry has forgotten that Obama replaced the the so-called Medicare cut with new ObamaCare spending. The Net Increase is so large it is presently incalculable and growing with each new regulation written.

    But we must keep in mind that Zero loves his seniors.

  3. I believe it was the Rs who said, in effect, every time the debt ceiling loomed, “Nice economy you got there, Hate to see anything happen to it.”

    The issue on the table is how the Rs suck it up and raise taxes, plus give up their ability of take hostages. Entitlements are best addressed in bills presented and debated in Congress the regular way.

    • THe current kerfuffle is comical.

      it goes like this:

      The GOP weenies don’t like what Obama has proposed. They have all kind of pejorative editorial comments about it.

      but get this:

      the GOP does not want to come back with their own counter-proposal to address taxes, spending, entitlements.

      No siree – Obama has to come back with a proposal that is more to what the GOP wants.

      you know – this is totally bizarre but it also totally explains how the GOP has been operating the last 4 years.

      this is nutty. It must be genetic with the GOP weenies.

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