The initial reaction of President Obama and many political pundits to the results of the midterm elections is that Democrats in Congress and the White House have to work harder to find common ground with Republicans to improve the economy and create jobs.
On the first issue that will come up in the lame-duck session of Congress, the president and some Democrats have suggested compromising their previous position that the tax cuts should not be extended for those with taxable income in excess of $200,000 (for single filers) and $250,000 (for joint filers).
The compromise suggested is to make the tax cuts permanent for the 98 percent of taxpayers not in this group and temporary for one or two years for the richest 2 percent.
In making this concession in advance and signaling a willingness to adopt the same approach for the host of issues in the next two years, the president and other Democrats make the same mistake they made in dealing with health care, the stimulus package and financial reform — making concessions before negotiations have begun and without any commitment by Republicans to support the final package.
http://www.heraldtribune.com/article/20101115/COLUMNIST/101119867/-1/sports?p=1&tc=pg