In response to:

Obama Ups Bid as GOP Looks For Way Out of Crisis

rhinegarten Wrote: Dec 11, 2012 8:09 AM
Anything less than going over the cliff and effctively cutting spending is just more kicking of the can down the road. That can is pretty beaten up already. New taxes will only lead to more spending and more layoffs by small businesses, not deficit reduction. Going over the cliff will lead to layoffs too. But at least we'll see a little bit of much-needed deficit reduction in exchange. Not cutting spending will result in a much larger financial disaster in a few years, even after the government soaks up all the middle class income and savings (IRA, 401k) in an effort to save those oh so precious social programs. Just look at Argentina.

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...