Thursday, December 20, 2012

The B Stands For "Blown Up In His Face"

House Speaker John Boehner has boxed himself into a corner on the fiscal slope, trying to checkmate the President with a "plan B" bill that his own party will most likely walk away from.

In response to President Obama’s extensive comments about the fiscal cliff at the White House Wednesday afternoon, House Speaker John Boehner left himself little if any room to continue negotiations.

Here’s the key piece of Boehner’s brief comments from his appearance before reporters in the Capitol:

“Tomorrow the House will pass legislation to make permanent tax relief for nearly every American — 99.81 percent of the American people,” he said, referring to his own so-called Plan B. “Then the President will have a decision to make. He can call on Senate Democrats to pass that bill, or he can be responsible for the largest tax increase in American history.”

That sounds like he’s giving Obama a choice between Plan B or the fiscal cliff. No more negotiations over a broader deficit reduction plan

I agree.  It very much sounds like Boehner is telling the President to accept his Plan B or else.   The stock market certainly thought that's what Boehner's message was as stocks dropped 75 points directly after Orange Julius opened his yap.

The problem for Boehner is that even if he can get enough votes to pass his scheme, President Obama has already promised to veto it, because he knows he wins in January.

He can then make the Republicans an offer they can't and won't refuse.  And Obama wins again.

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