Wednesday, January 30, 2013

How President Obama Lost His Shirt to John Boehner

The House, under the leadership of Speaker John Boehner, has precipitated a postponement in the debt ceiling fight until May. This represents a strategic choice by Boehner to make the Sequester fight, not the debt ceiling fight, the next major engagement. Much of the mainstream media now is accusing Congress of “kicking the can down the road.” They are missing the strategic implications.
In retrospect, at the Battle at Fiscal Cliff, Boehner took President Obama to the cleaners. He did it suavely, without histrionics. While Obama churlishly, and in a politically amateurish manner, publicly strutted about having forced the Republicans to raise tax rates on “the wealthiest Americans” Boehner, quietly, was pocketing his winnings.

Read more: http://finance.townhall.com/columnists/ralphbenko/2013/01/30/how-president-obama-lost-his-shirt-to-john-boehner-n1500276/page/full/

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