The "fiscal cliff" is a bunch of bullshit anyway. The government isn't going broke and can't go broke.
What this is all about is an ideological battle. We will see just how narcissistic Obama really is if he decides to sell the American people down the river in order to appease the 80 CEOs and Wall Street crooks to destroy the country in order to bail them out.
But one goal eluded the victors. Even though preliminary estimates suggest that Democrats received somewhat more votes than Republicans in Congressional elections, the G.O.P. retains solid control of the House thanks to extreme gerrymandering by courts and Republican-controlled state governments. And Representative John Boehner, the speaker of the House, wasted no time in declaring that his party remains as intransigent as ever, utterly opposed to any rise in tax rates even as it whines about the size of the deficit.
So President Obama has to make a decision, almost immediately, about how to deal with continuing Republican obstruction. How far should he go in accommodating the G.O.P.’s demands?
My answer is, not far at all. Mr. Obama should hang tough, declaring himself willing, if necessary, to hold his ground even at the cost of letting his opponents inflict damage on a still-shaky economy. And this is definitely no time to negotiate a “grand bargain” on the budget that snatches defeat from the jaws of victory.
Call their bluff and let the economy tank, if it comes to that. However, Bend Over Barry is sure to give them whatever they want in order that he can be seen not as a failed president, which he is, but some "transformative leader."