Sometimes it's worth taking a stand. Sanders didn't just do that. In pointing to the gross disparities in wealth in the United States, he did something else. He told the truth. The contrast with President Obama could hardly have been starker.
Democrats in Congress, by their actions, are labeling themselves the "pro-spending" and "pro-tax party" and distancing themselves from the president in all the wrong ways. He is not triangulating -- they are doing it for him.
Since the midterm election, Obama has displayed his worst characteristics as a poker-player and negotiator, telegraphing his bottom line to the opposition and folding his hand long before the final cards are dealt.
You know the Obama administration is desperate when it creates a web page citing economists who support its capitulation on taxes. And what do you know, these economists are all "wealth managers" or from major banks.
When President Obama said this week that he was forced to negotiate with hostage-takers, it seemed as if this bitter tax fight had just emerged. In reality, the hostage takers laid their "trap" a decade ago.
I just received a press release from the White House citing a pro-tax cut memo from Morgan Stanley as reason for Congress to pass the Bush tax cuts. Let's step back and chronicle just how audacious this really is.
Obama's new tax compromise is not only bad economics; it's also disastrous from the standpoint of educating the public about what has happened to this country over the past three decades and what needs to happen in the future.
Mr. Obama said that extending Republican custody of his balls through 2012 "was like the Holy Grail for them, but I'm keeping my eyes on the North Star," adding, "I have no idea what any of that means."
By refusing to stare down Republicans on issues that are supported by the American people like assistance for the unemployed and not extending tax cuts for the most well off, the president is losing his leverage.