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December 22, 2011
Republicans Cave On Major Fight Which I Frankly Did Not Even Understand
They've caved and will pass the 2-month payroll tax extension.
I know it's my job to read this crap, but I really never understood what great principle was in play, as we were conceding the major point (a cut in the payroll tax, thus depleting the Social Security funds) while arguing about whether we'd do it for 2 months or 1 year.
I guess the 1 year thing is tactically better for us, as we wouldn't have to go through this all again in a couple of months (and maybe it's improved Obama's poll numbers), but it's hard to get super-excited about mere tactical positioning.
If anyone with a clue can explain it in the comments, I'd appreciate it.
I know I "lost." I'm just not sure what I "lost."
Explanation: rockmom writes:
The reason this two-month extension is a big deal is because Harry Reid will drag out any negotiations until the day before this extension expires, and make sure Obama can use this to hammer Republicans in his State of the Union address. He will appoint useless clowns to the conference committee, just like he did with the Supercommittee, and they will come in and immiedtaley demand a one-year payroll tax cut extension to be paid for by raising taxes on the 1%. We'll be right back where we were a month ago, only closer to the election.
PLEASE do not blame John Boehner for this. He went out on a limb and then Mitch McConnell cut it off.