Friday, November 09, 2012

The Veto Pen

We have danced this dance as Cinderella before, except, the Bush Tax Cuts end on midnight of December 31, 2012.

The House will never be able to enlist the Senate to override President Obama's Veto. 

The Republican House needs to stop acting like spoiled rich kids and get real.

WASHINGTON | Fri Nov 9, 2012 4:48pm EST
(Reuters) - Newly re-elected President Barack Obama (click here) said on Friday he was prepared to compromise with Republicans to avert a looming U.S. fiscal calamity but insisted a tax increase for the rich must be part of any bargain.

Obama reminded Republicans that his approach to avoiding steep tax hikes and spending cuts due in January, which could trigger another recession, had just won the backing of Americans at the polls. His spokesman said he would veto any deal which did not include an extra contribution from the wealthiest.

Obama invited congressional leaders to the White House next Friday to discuss the issue, the most pressing challenge as the president starts his second term in office....

And Professor Krugman agrees. It must be a Nobel thing. It isn't easy to herd cats, but, no one said it was impossible.


OP-ED COLUMNIST

Let’s Not Make a Deal (click here)


...So President Obama has to make a decision, almost immediately, about how to deal with continuing Republican obstruction. How far should he go in accommodating the G.O.P.’s demands?

My answer is, not far at all. Mr. Obama should hang tough, declaring himself willing, if necessary, to hold his ground even at the cost of letting his opponents inflict damage on a still-shaky economy. And this is definitely no time to negotiate a “grand bargain” on the budget that snatches defeat from the jaws of victory....

The Republicans should avoid practicing politics at all cost to solve the nations' fiscal problems and get this done now. Seriously. The country is not in the mood for the gaming of the system anymore, regardless, of the hubris of a Koch Brother High by the GOP House. 

It is all laughable. Completely laughable. 

There is a lot of work to do including the Climate Crisis. It is time to get to work.