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Wednesday, January 2, 2013

Mike Klonsky's SmallTalk Blog: Break's over...

Mike Klonsky's SmallTalk Blog: Break's over...:


Break's over...

As I head out the door this cold Chicago morning, free from fear of the fiscal cliff, why does that old "Break's over -- Everyone back on their heads" joke keep popping into my head?

Obama was the big winner over the T-Party fiscal-cliff  ferrets. It's a tiny taste of what happens when the message is framed as the 99% vs. the 1%. Thanks Occupy! But we the people remained largely as spectators to the grand deal and as a result, the deal falls short on making up for the revenue lost due to the Bush tax cuts. This has got to change as the next phase of the battle begins in the weeks ahead.

Paul Krugman writes:
If Obama stands his ground in that confrontation, this deal won’t