SMRs and AMRs

Friday, July 29, 2011

Mystery Man

Paul Krugman's blog
NYT

I’m not alone in feeling deep frustration over Obama’s systematic destruction of his own bargaining power. Bruce Bartlett thinks he’s too young and lacks the tempering the Cold War used to provide:
Now we are in the midst of a debt crisis that stems largely from Obama’s inability to accept the intransigence of his political opponents. Last December, he caved in to Republicans by supporting extension of the Bush tax cuts even though there is no evidence that they have done anything other than increase the deficit. There were those who told Obama that he ought to include an increase in the debt limit, but he rejected that idea, believing that Republicans would behave like responsible adults and raise the debt limit just as they did routinely when their party held the White House.
… 
Obama has continued to reject any proposal that might give him leverage in the negotiations even as House Republicans appear unwilling or incapable of raising the debt limit before a default occurs.

I think if Obama had the sort of experience that Cold War presidents had in dealing with the Soviet Union or that corporate executives and union leaders had in negotiating labor contracts he wouldn’t have been so naïve about the Republicans, who have never hidden the fact that their only objective is defeating him next year regardless of the cost. It’s not too late for Obama to play hardball, but I fear that it is just not in his nature.
(More here.)

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