On the President’s concessions on the Bush tax cuts:
Although his liberal supporters are furious about the decision, President Obama’s willingness to extend all of the George W. Bush-era tax cuts is part of what White House officials say is a deliberate strategy: to demonstrate his ability to compromise with Republicans and portray the president as the last reasonable man in a sharply partisan Washington.
The move is based on a political calculation, drawn from his party’s midterm defeat, that places a premium on winning back independent voters.
The strategy emerged from hours of post-election meetings among senior administration officials who, after poring over returns, exit polls and midterm history, have determined that the loss of independent voters who supported Democrats in 2008 cost the party dozens of races this year. That conclusion places Obama at odds with many liberal Democrats, who say the midterm losses were the result in part of a political base dispirited by the president’s penchant for compromise.