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Morning Examiner: A vote for Obama is a vote for 9 percent unemployment

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Politics,Beltway Confidential,Conn Carroll

The New York Times has a story out this morning reporting that “Senate leaders are closing in on a path for dealing with the “fiscal cliff” facing the country in January.” Don’t believe it for a second. As even The Times admits, “Senate Democrats and Republicans remain far apart on the details, and House Republicans continue to resist any discussion of tax increases.”

In other words, if Obama wins and insists on tax hikes, no deal. And Obama’s liberal base is already warming up to the idea.

The New York Times has a story out this morning reporting that “Senate leaders are closing in on a path for dealing with the “fiscal cliff” facing the country in January.” Don’t believe it for a second. As even The Times admits, “Senate Democrats and Republicans remain far apart on the details, and House Republicans continue to resist any discussion of tax increases.”

In other words, if Obama wins and insists on tax hikes, no deal. And Obama’s liberal base is already warming up to the idea.

First, back in June, Ryan Lizza wrote a New Yorker article in which Obama signaled his willingness to jump over the cliff. “Several White House officials I talked to made it clear that if a deal, or at least the framework of a deal, is not reached before December 31st Obama would allow all the Bush tax cuts to expire,” Lizza reported. Former-Democratic National Committee Chairman Howard Dean, New York Times Executive Editor Bill Keller, former-Democratic Gov. Jennifer Granholm and Democratic Senatorial Campaign Committee Chair Patty Murray have all since written opinion pieces pushing Democrats to embrace the cliff jump.

And yesterday, after the Tax Policy Center released a new study on the effects of the fiscal cliff’s tax policies, The Washington Post‘s Wonkblog wrote, “The tax hike would be largely progressive, with the tax rate increasing more on high-income Americans than lower-income taxpayers.” Higher taxes on the rich! There is nothing liberals love more. And don’t forget, any deal on the fiscal cliff would mean Democrat votes for cutting Medicare and Social Security. No Democrat wants to put their name on that.

Meanwhile, if Romney wins,  Paul Ryan has already said the House will pass a one-yer extension of the current tax rates allowing for revenue neutral tax reform to work its way through Congress. And with a slew of Democrats running for reelection in red states in 2014, finding Democrat votes for a deal in the Senate will not be hard.

This August the Congressional Budget Office released an estimate showing that if Congress and President Obama do nothing to stop the tax hikes this January  unemployment will rise to 9.1 percent next year. Romney may want to mention that tomorrow night.

From The Washington Examiner
Examiner Editorial: To believe Obama is to forget the last four years
Byron York: Romney should expose IRS as enforcer for Obamacare
Steve Contorno: Kaine renews war-on-women attack on Allen
Phil Klein: AEI scholar offers vacuous ‘conservative case for Obamacare’

Campaign 2012
Polls: A new CNN poll shows Obama beating Romney 50 percent to 47 percent.
Romney: Denver Broncos general manager and Hall of Fame quarterback John Elway endorsed Romney last night. The New York Times has a hit piece out this morning claiming Romney’s “offshore tactics” increased his wealth.
Obama: The Washington Post says Obama’s claim that Bush’s tax cuts caused the financial crisis is false.
Massachusetts Senate: At last night’s debate, Sen. Scott Brown, R-Mass., told Elizabeth Warren, “I’m not a student in your classroom.”

In Other News
Bloomberg, Jobs Outlook Seen Weak as U.S. Companies Reporting Cost Cuts: Weakening demand is forcing new and accelerated cost reductions at companies from Bank of America Corp. and Hewlett-Packard Co. to Staples Inc. and Eastman Kodak Co., dimming the outlook for an already struggling U.S. labor market.
The Wall Street Journal, Militant Link to Libya Attack: Fighters linked to one freed militant, Muhammad Jamal Abu Ahmad, took part in the Sept. 11 attack on U.S. diplomatic outposts in Libya that killed four Americans, U.S. officials believe based on initial reports. Intelligence reports suggest that some of the attackers trained at camps he established in the Libyan Desert, a former U.S. official said.
The Washington Post, Two Americans killed in unusual gunfight involving several Afghan soldiers: Two Americans were killed last week when Afghan soldiers they had just patrolled with joined insurgents in an unprovoked attack on an American platoon.
The New York Times, U.S. Abandoning Hopes for Taliban Peace Deal: With the surge of American troops over and the Taliban still a potent threat, American generals and civilian officials acknowledge that they have all but written off what was once one of the cornerstones of their strategy to end the war here: battering the Taliban into a peace deal.
The Washington Post, Americans saving more, even as government encourages risk: Americans have poured record amounts of money into savings accounts even though interest rates are at historic lows, new federal data show, a sign that average people may be missing out on a booming stock market and recovering real estate sector.
The Los Angeles Times, Your bill for California’s debt: $2,559: Paying down the state’s ever growing credit card bill ate up 7.9% of the state budget in the fiscal year that just ended. California is on track to spend 8.9%, or about $8.6 billion, of the state general fund budget in the current fiscal year.

Righty Playbook
At The Corner, Ramesh Ponnuru urges Romney to go on offense on taxes.
Douglas Holtz-Eakin details The Right Way to Stop Offshoring Jobs.
The Weekly Standard‘s Daniel Halper notes that trust in Obama’s ability to handle international affairs has plummets among independents since the Benghazi attack.

Lefty PLaybook
Think Progress claims that an immigration amnesty will add $329 billion to U.S. economy.
Talking Points Memo Brian Beutler says Democrats and Republicans are closer on taxes than they let on.
The Washington Post‘s Suzy Khimm argues that going over the fiscal cliff would be progressive.

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