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View Diary: Abbreviated Pundit Round-up: The fiscal thingie and what Republicans need to do about it (114 comments)

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  •  The wisdom of William Kristol (6+ / 0-) he takes on the editors of the Wall Street Journal. (Yes, you read that right.)

    Will Republicans really oppose such legislation? President Obama will be beating the drums for this tax cut. Senate Democrats will pass this tax cut. If Senate Republicans vote against it, it won't be "Senate Democrats running for re-election in 2014" who will have a tax hike on their resumes. It will be Senate Republicans who will have voted against cutting taxes. And if House Republicans block such legislation, it will be they, and they alone, insisting on higher taxes.

    Of course they won't. Republicans will fold with lightning speed after we go over the tax cliff on January 1. Which is why the third of the Journal editorial's three key paragraphs is moot. If we go over the cliff, there won't be damage to Obama's chances of second-term success. Quite the contrary. What Republicans will have done is to make Democrats the party of tax cuts and Obama a president fighting for economic growth.

    As I say, it won't happen. Most Republicans will go along soon after January 1 with what will now be the Democrats' tax cutting agenda. If the House Republicans now follow the Wall Street Journal editors over the cliff, the only effect, I'm afraid, will be to turn a manageable tactical retreat in December into a panicked strategic rout in January.
    •  Could it be possible that Kristol (3+ / 0-)

      doesn't know that the senate has already passed what he incorrectly calls the "tax cut bill"?  Aside from that, it's frightening when Bill Kristol talks sense - I always smell a rat somewhere in the woodwork.

      "In this world of sin and sorrow there is always something to be thankful for; as for me, I rejoice that I am not a Republican." - H. L. Mencken

      by SueDe on Mon Dec 10, 2012 at 06:26:09 AM PST

      [ Parent ]

    •  Kristol Is On The Right Track (0+ / 0-)

      Get the 26 House Republicans needed to stray from the tea party lunacy and sell their defection that Republicans are a big tent party. And agree with him that it is better to have that happen in December than January.

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