"As I write this, President Obama is on the air announcing a deal on the Bush tax cuts: They all stay alive for 2 more years, while unemployment gets extended for another 13 months. The latter was bound to happen anyway; the former was what all the fuss has been about.
Extending the Bush tax cuts is good policy and, for the Republicans, good politics. Why did the president give in? Presumably, because he can read a poll as well as anyone."
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