"Republicans will have a field day ..., taking it as a sign that Obama's economic policies have failed and we need instead their brand of fiscal austerity ...."
With the exception of the stimulus, which was only about 1/3 what it needed to be, Obama's economic policies are the policies of the republicans and the wealthy elite: austerity/spending cuts, maintain tax breaks for the wealthy, more tax breaks for wealthy, more "free trade" agreements to export jobs, keep hands off the finance industry, etc.
The warnings to Obama of the danger associated with adopting republican policies in a vain and hubris-laden effort to wrap himself in the flag of his most prized accomplishment - "bipartisanship" - is that republican policies are almost unilaterally, disastrously flawed and, therefore, doomed to fail.
In this political era, bipartisanship with republicans guarantees failure.
People large (Krugman, et. al.), medium (Uygur, et. al.), and small (me) have been sounding the alarms for years. All have been ignored in the unholy pursuit of "bipartisanship."
And NOW comes the ignominious conclusion: the republicans run away from their policies and hang their failures on the neck of the hapless President who agreed so eagerly to "compromise" to their demands. It would be tragic if it wasn't so easily predicted.
Ironically, the dysfunction of the republican party (that simultaneously generates bad policy and bad candidates) that has helped Obama fail is the same source that is helping win reelection. But we lose.
Read the Article at HuffingtonPost
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