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Please begin with an informative title:

Changed the title because the ref to the  1% and the 99% was apparently confusing to some.

Also, Kos has weighed in on twitter.  See update below.


Waiting for kos to weigh in tonight but maybe he it at some access party somewhere? Can't blame him, got a family to raise...

Meanwhile,  a real Dem spoke today-- go back to Clinton era tax instead of making permanent this deal fail.  


Sadly, so far cannot find embed.


Tom Harkin On Fiscal Cliff Talks: 'This Looks Like A Very Bad Deal'
"As I see this thing developing -- quite frankly, as I've said before -- no deal is better than a bad deal, and this looks like a very bad deal, the way this is shaking up," he said.

"This is one point in time where decisions that are made on this so-called deal, decisions that are made could lock in for the next 10 years what kind of a country we're going to be, what kind of a society we're going to be," he added. "So we better be darn careful."

Harkin hedged later when asked whether he would filibuster such a deal, according to Fox News' Chad Pergram, saying, "Well, there might be some extended debate."

If no deal is reached by midnight on Monday, taxes will go back to those enacted under President Bill Clinton in 1993. Harkin said he isn't too worried about that outcome.

"I ask, what's so bad about that? It worked pretty darn well," Harkin said. "The economy was going well, we were paying down the deficit ... I, for one, do not fear going back to a system of taxation that basically worked very well for our country. It was only the Bush tax cuts that messed everything up."


Can't trust Obama. He promised $250,000, now going for so much less that his cred is zero. Hell, wonder if we can even trust Harkin?

As Slinkerwink wrote earlier today

This quote was widely reported and circulated on Dailykos a week ago when it came out in the Wall Street Journal as an example of President Obama sticking to his guns and his requisite "toughness" in threatening to veto any legislation that didn't raise taxes for incomes above $250,000.


 "You get nothing," the president said. "I get that for free."
And now that Vice President Biden, negotiating on behalf of President Barack Obama, after the talks seemed to falter between Senate Majority Leader Reid and McConnell, are giving away the farm to the Republicans on the tax rates for the wealthy by agreeing to raise the tax level to $500,000.

You must enter an Intro for your Diary Entry between 300 and 1150 characters long (that's approximately 50-175 words without any html or formatting markup).

8:37 PM PT: kos on twitter tonight...


Markos Moulitsas @markos

What I want for New Years: a Democratic Party that acts like it won the last election.

about 1 hour

Markos Moulitsas @markos

So if indexing is good enough for the estate tax, why isn't it good enough for the minimum wage?

about 2 hours ago

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