A favorite trope of election coverage is to compare the current race to past elections. Is Barack Obama Jimmy Carter in 1980? Is 2012 a repeat of the 2004 election? Or is this year going to be just like 1896? With Mitt Romney, however, there's a far easier comparison: Mitt Romney in 2008. In the last presidential election cycle, Romney faced many of the same criticisms he does now: He was accused of being a flip-flopper and assailed for his religion and personal wealth. His failure to respond effectively to these accusations—and his fateful decision to stake his campaign on a win in Iowa—were his downfall.
Congress' studied effort at ignoring the Occupy movement isn't that surprising when you take a look at legislators' tax returns: Many representatives sit comfortably in the 1 percent. Between 1984 and 2009, the median income of members of the House ballooned from $280,000—an already impressive figure—to $725,000, according to the new Panel Study of Income Dynamics from the University of Michigan. An analysis of the study in The Washington Post did not include figures for the Senate. In comparison, the median income of an American family has slipped from $20,600 to $20,500 over the same time period.
The long battle is over, and the troops are headed home. House Republicans finally caved on a two-month extension on the payroll tax cut, realizing that their intransigence was winning them nothing but voter contempt. Congress cleared the $33 billion legislation this morning. The only concessions rewarded to the obstructionists were a minor provision protecting businesses from a few payroll-reporting requirements and an agreement to push a conference committee to negotiate a year-long extension on the tax cut.
You might think that the only thing Karl Rove and Barack Obama agree on is that gravity exists. But yesterday, Rove agreed with the White House that it’s time for Republicans in the House to cut their losses and pass the Senate's two-month extension on the payroll tax cut before they go home for the holidays. The Senate has already gone home, which means the House can't strike up a new deal: It can either vote on the extension or let the tax cuts expire. Rove told Fox News on Wednesday that Republicans "have lost the optics on it” and “the question now is how do the Republicans get out of it."
Yesterday, the House rejected a Senate compromise bill on the payroll tax cut, which is set to expire January 1. In all likelihood, this means that taxes will rise—an average of $40 per paycheck, according to the latest White House press blitz—unless House Speaker John Boehner shores up enough support to pass a two-month extension or brokers a new deal. Although Obama hasn't left Washington for vacation in Hawaii yet, he isn't getting too involved in the imbroglio, having learned the danger of using the bully pulpit with his jobs plan—for Republicans, whose sole aim seems to be to frustrate the president's agenda, any endorsement from Obama amounts to a kiss of death.