In a very brief speech this afternoon, President Obama addressed the economy and the fiscal cliff.
He promised to listen to all points of view and pursue compromise—and then outlined the ways in which he would not yield.
And that so-called “balanced” approach, by his definition, includes the same policies he’s proposed in his umpteen other speeches on the economy: subsidies for manufacturing, research and development, higher education and renewable energy. He seemed especially intractable on tax hikes for the “wealthy,” a rather broadly defined term.
(Presuming the president wasn’t taking a cue from Elizabeth Warren, it’s safe to assume his address was so brief because these are all old ideas.)
And so begins the gridlock . . .