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Obama Ups Bid as GOP Looks For Way Out of Crisis

Context Wrote: Dec 11, 2012 10:11 AM
Giving Obama unilateral power to increase the debt ceiling, besides being unconstitutional, would be like giving the keys to a liquor store to an alcoholic.

It's possible to have a strong hand and still overplay it. As Republicans see things, that's what President Obama is doing in the “fiscal cliff” negotiations.

In private conversation, some in the GOP appear a little sheepish about the fact that they once took the president seriously. Even though he had the upper hand after winning re-election, they thought he genuinely wanted to avoid going over the cliff and would negotiate in good faith. Then Obama sent Treasury Secretary Tim Geithner to Capitol Hill with a thumb-in-the-eye offer, and Republicans got the message.

In subsequent days, Obama has not...