This Time, Obama Has Leverage

Jonathan Cohn, The New Republic
Will President Obama and congressional Republicans make a deal on taxes before January 1, when the Bush tax cuts are set to expire? Will they let a set of automatic spending cuts take effect? Will they find a new way to boost job growth this coming year"”or, at least, renew temporary boosters like extended unemployment insurance? I have no idea. Nobody in Washington does.But after Wednesday's press conference at the White House, I'm even more convinced that Obama isn't treating this political confrontation the way he did the last two, in the winter of 2010…

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