They’ll find a way to blame the Republican-Controlled House for all of the problems.
It doesn’t matter who gets blamed. Besides, the President of the US will ultimately be blamed even if the GOP takes a short term hit.
In any case, my bet is Obama will blink. It’s his presidency and his legacy. Is he really ready to push the entire country into recession over a tax hike from 35 to 40%? This hike barely brings any money into the coffers begin with. It’s always been a political gimmick more than an actual policy.
I say Obama will blink and if he doesn’t so be it. It’s time to face this fisscal dissaster head on...right now...today.
What they seem to want most is the tax hike on the rich. I would say: You can have a two year tax hike on the rich which automatically expires and must be shown to have substantially helped the situation before it can be renewed. We don’t want it to be just for revenge. (Be sure to use the word revenge).
Like they aren’t going to do that anyway?