President Barack Obama seems to want to rise above politics in the tax debate. Good luck with that.
Tales from the Trail
Democrats are pulling out the big guns in tax talks. President Barack Obama and Vice President Joe Biden are meeting with Democratic congressional leaders today to discuss the “progress being made” in negotiations with Republicans. The meetings will give Obama a first-hand account of the lay-of-the-land on Capitol Hill, and perhaps a chance to discuss areas of potential compromise. Of course without Republicans in the room, it will be a one-sided discussion, but may provide some fresh ammo.
The wrangling continues over the Bush-era tax cuts. President Barack Obama said he was confident Democrats and Republicans could break the deadlock and reach a deal soon. But with time running out, there is something of a game of chicken being played by the two sides. Each is watching to see who blinks first, and with the economy still struggling, both know the stakes are high.
Not only does Barack Obama face a united and hostile Republican Party at home, he cannot easily take refuge in foreign policy in the second half of his term. From Afghanistan to Russia and the Middle East, from climate change to nuclear weapons, there are more problems than easy solutions out there.
It must be more than a little frustrating to win the Nobel Peace Prize for your best intentions — ridding the world of nuclear weapons – and then struggle to even get the START Treaty ratified this year. Not surprising, then, that President Barack Obama told his deputy to work “day and night” to get this thing through.
How the Democrats could have done with those numbers a week ago, or more precisely how they could have done with three or four months of numbers like that. The U.S. economy created a net 151,000 jobs in October, hiring hitting its fastest pace in six months. It is a sign that the economy is regaining momentum after a desperately sluggish summer, and might have lifted President Barack Obama’s mood a little too as he makes the long trip to India.