White House Dossiers’ Keith Koffler doesn’t think the President wants to ruin his legacy by going off the fiscal cliff and presiding over two terms of a bad economy. He says, like Charles Krauthammer and others have also said, the Republicans Have a Lot of Leverage.
I don’t think President Obama wants to go down as the worst president in history, do you?
Well, that’s what going over the fiscal cliff will make him. And that’s why the Republicans have a lot a leverage.
The massive spending cuts and tax increases set to kick in January 2 will cause a second recession, from which we may not emerge for many months. The economy may not really get going for years. Obama will have presided over two terms of economic disaster. It will ruin his legacy, and sow the seeds for a major Republican revival.
Republican revival? But the Republicans are going to get blamed, you say.
They will, in the short run. But in the end, it will be the president who failed to somehow make a deal. Presidents are ultimately responsible for their presidencies. The good ones tame their enemies, pick off some of them and make them allies, and get a good result.
The bad ones go over fiscal cliffs.The history books will say that Obama had to deal with a recalcitrant Congress. That will be the second thing school kids learn. But the first thing they will learn is that Obama sucked.
I still believe, despite the results of the 2012 election, that voters in the end blame those in power for wielding power ineffectively. Get out the vote operations and a charismatic candidate can only buy you so much time against reality.
The massive spending cuts will also eviscerate the U.S. military, resulting in bolder actions by our enemies that will make Obama seem weak and pitiful. Not only will the president’s economic record implode, but his foreign policy will be hamstrung. After all, we get stuff done in the world, ultimately, because people are afraid of us. Or they respect us, which is the same thing.
On the other hand,Rush Limbaugh has been arguing that Obama has no problem at all going over the fiscal cliff. He made the point that Beltway politicians and pundits are looking at this like Obama is a conventional politician, but he isn’t. He’s a deeply ideological Marxist who is looking to fundamentally transform the nation into a Socialist Utopia.I tend to agree with Rush. I think Obama has no problem driving us off the cliff. He is so ideologically driven that "moderate" doesn't appear to be a part of his language. He doesn't make deals or take part in the negotiations. Instead, he looks at Congress and says "figure it out, I'll be on the golf course, let me know when you're done."
All he wants to do is raise taxes on job creators (which will mean increase fees and prices passed down to us) and unilaterially raise the debt ceiling (minus checks and balances).
And what about Middle America? Bend over cause here it comes! Household net worths are down to the lowest level in 43 years, and it ain't getting cheaper to buy things either.
John Boehner and the rest of the Republicans need to take the advice of Joe Walsh (below) and "Walk Away" from these debt ceiling negotiations.