Wednesday, December 21, 2011

Let The Feeding Frenzy Begin

When the Wall Street Journal... the Rupert Murdoch owned, conservative Wall Street Journal is shaking its head at the John Boehner "led" House of Representatives (AKA Lord of the Flies), you know you're in trouble.

The GOP leaders have somehow managed the remarkable feat of being blamed for opposing a one-year extension of a tax holiday that they are surely going to pass. This is no easy double play...
...At this stage, Republicans would do best to cut their losses and find a way to extend the payroll holiday quickly. Then go home and return in January with a united House-Senate strategy that forces Democrats to make specific policy choices that highlight the differences between the parties on spending, taxes and regulation.
Now I don't really agree with this op-ed's point of view as to why the House GOP should cut their losses, but they certainly got it right in that Boehner and Co. have painted themselves into a corner, and should retreat and live to fight another day. Sometimes you have to know when to fold your hand. But for some reason, they think seem to think the best strategy is to go all-in every time. The problem with that strategy is that eventually, someone is going to call your bluff.

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