We’ve spent most of the last week hearing about how the left thinks congressional Republicans rolled President Obama on tax cuts. After Obama’s startling rant about his liberal critics last week at a White House press conference, that embarrassing topic has lost some of its currency in the mainstream media. So today’s topic is the increasing unhappiness on the Tea Party right about the compromise. It’s one thing for Sen. Jim DeMint and Sarah Palin to decry the deal; it’s quite another for Charles Krauthammer to see it as an Obama triumph.
Krauthammer made his negative opinion about the deal known early via Fox News but got little attention, since most of the negative comments about it were coming from liberals who felt betrayed by Obama’s decision not to try to increase taxes on wealthier Americans. But with articles in both the New York Times and the Washington Post today, the possibility of a conservative revolt, as opposed to a liberal one, is finally getting some notice.
Most conservatives were initially so happy about the GOP leadership’s forcing Obama to back down on his opposition to the across-the-board extension of the Bush tax cuts that they didn’t notice what else is included in the deal. As Krauthammer noted on Friday, the compromise includes a lot of things that no foe of big government ought to be willing to stomach, such as more subsidies for boondoggles like ethanol and windmills, as well as extensions of death taxes and a host of other provisions that justify the columnist’s calling it another version of Obama’s failed stimulus. Indeed, as Krauthammer points out, it might well be even more expensive than that disaster, blowing “another near-$1 trillion hole in the budget.”
Though extending the tax cuts was important and cutting payroll taxes is something that every Tea Party sympathizer ought to applaud, this deal may well be remembered as the final act of a profligate Congress whose largesse with taxpayer money will haunt the nation for decades to come.
Krauthammer fears that this second stimulus will help re-elect Obama by pumping up the economy in the next two years, even if it will lead to another disaster after November 2012. Maybe so, but that assumes that, unlike the first stimulus, this act will actually jump-start the economy. No matter how much federal money Obama or the Congress waste, it is unlikely that we will be able to spend our way to prosperity. And if unemployment and growth are still problems in the fall of 2012, no one will look back on this tax deal and think it was the decisive moment when Obama’s victory or defeat was preordained.
Despite the carping from both the right and the left, the compromise deal will probably be passed before the lame-duck Congress slinks out of Washington. But the anger on the right ought to serve as a wake-up call to the GOP leadership that they should not take the Tea Party’s support for granted in the future. The new Congress with more conservatives in the House and the Senate will be a less-hospitable place for the sort of deal in which both sides of the aisle get pet projects funded whether or not they make sense. Despite the applause for groups that preach such compromises (such as the laughable No Labels), that will be a change for the better.