It's a tough place for Obama to be in with the GOP loaded for bear against him, and Democrats ready to do battle hard against him on what they won't accept in a budget deal. It's a problem that's far bigger for Obama than the momentary drop of a few points in an approval poll.
One of the most disappointing parts of this week's budget deal is its disparate treatment of a lavish estate tax break for the nation's wealthiest heirs as compared to several tax credit improvements for low-income working families.
President Obama and Speaker Boehner are trying to reach a budget deal before Christmas and the fiscal cliff. Screw Christmas and the fiscal cliff. They better hurry up before the Earth explodes on Friday.
Policymakers hope to cut federal deficits by trillions of dollars over the next decade, imposing painful sacrifices on millions of Americans. So it's astonishing that they're also considering million-dollar tax cuts for a few thousand of the nation's wealthiest heirs and heiresses.
With the economy just barely on a path to durable recovery, some very dumb fiscal chickens are coming home to roost on January 1 of next year. This grim coincidence is known as the Triple Witching Hour.
The inability of the super committee to reach an agreement is not a reflection on the "intransigence" of both sides and "unwillingness" to compromise. The far right wants changes in the American social contract that will destroy the middle class.
The Republican Party may revere Ronald Reagan, but they definitely wouldn't recognize each other if they met at a tax policy conference today. Nor would the gipper last for long on the Republicans side of the deficit-reduction super committee.