DeLong (and Krugman) Smackdown Watch: Bill Black, Stephanie Kelton, and Randy Wray Are Justifiably Irate Modern Monetary Theory How Do Deficits Matter?: Monday Hoisted from Comments Weblogging
Pawel Morski: Cyprus: RealPolitik and Other Lessons

The Real Underlying Source of Washington Gridlock: "The President Is a--CLANG!"

Screenshot 3 15 13 1 50 PM

Greg Sargent:

Why We're at a Fiscal Impasse: 1. Obama can't sell entitlement cuts to his base, or indeed Democrats in general, without Republicans agreeing to new revenues, and has offered them a straightforward compromise -- one that would anger the base on both sides -- based on the premise that total victory for the GOP is not an acceptable or realistic outcome. 2. Republican leaders can't even begin to acknowledge that Obama has offered them a real compromise, because they can't sell their base on the idea that the President is being flexible, let alone get them to seriously entertain accepting any compromise with him, because the base sees total victory over Obama as the only acceptable outcome.

So why is it that the Republican base refuses to believe that Obama is not a Kenyan Muslim Socialist, and demands total victory over him?

Comments