An exposé in (of all places!) the Washington Post lays it all out quite nicely. The bottom line: a grand fiscal bargain was within reach last year, but Obama – Obama alone – trashed it.
Now mind you I'm not entirely sure that the grand bargain would have been better than the current mess. For instance, had we in fact reached a bargain, Obama's prospects for re-election would almost certainly have been better. Nevertheless, it is dismaying to see the incompetence by our chief executive on display...
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