I don’t think President Obama wants to go down as the worst president in history, do you?
Well, that’s what going over the fiscal cliff will make him. And that’s why the Republicans have a lot a leverage.
The massive spending cuts and tax increases set to kick in January 2 will cause a second recession, from which we may not emerge for many months. The economy may not really get going for years. Obama will have presided over two terms of economic disaster. It will ruin his legacy, and sow the seeds for a major Republican revival.
Republican revival? But the Republicans are going to get blamed, you say.
They will, in the short run. But in the end, it will be the president who failed to somehow make a deal. Presidents are ultimately responsible for their presidencies. The good ones tame their enemies, pick off some of them and make them allies, and get a good result. The bad ones go over fiscal cliffs.
The history books will say that Obama had to deal with a recalcitrant Congress. That will be the second thing school kids learn. But the first thing they will learn is that Obama sucked.
I still believe, despite the results of the 2012 election, that voters in the end blame those in power for wielding power ineffectively. Get out the vote operations and a charismatic candidate can only buy you so much time against reality.
The massive spending cuts will also eviscerate the U.S. military, resulting in bolder actions by our enemies that will make Obama seem weak and pitiful. Not only will the president’s economic record implode, but his foreign policy will be hamstrung. After all, we get stuff done in the world, ultimately, because people are afraid of us. Or they respect us, which is the same thing.