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The Myth Of The Obama Cave-In | Mother Jones

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In this Nov. 14, 2012, file photo, President Barack Obama gestures as he answers a question during a news conference in the East Room of the White House in Washington. (AP Photo/Carolyn Kaster, File) | AP

With the "fiscal cliff" looming, the conventional wisdom is that the president capitulated during the last tax cut fight. Here's what really happened.

Read the whole story at Mother Jones