With the president’s election victory still fresh in their minds, Democrats are assuming that Tuesday’s results mean that Congressional Republicans are bound to bow to their demands for tax increases. Such sentiments are understandable given the Democrats’ clear victory in the presidential contest as well as their gains in Congress. Having campaigned on a platform of raising taxes on the wealthy, there may be little reason to assume President Obama is going to back down on his demands and, as many liberals have already pointed out, he’s going to be bitterly criticized if he does compromise on his soak-the-rich approach. Yet though Republicans may still be shell shocked by the election returns, there is no reason for them to cave in on their principles just because the president and his media cheering section expect them to.
House Speaker John Boehner sounded an appropriate note, albeit one that was pure political boilerplate, when he said yesterday, “Mr. President, this is your moment. We’re ready to be led — not as Democrats or Republicans, but as Americans. We want you to lead, not as a liberal or a conservative, but as president of the United States of America.” But his airy rhetoric contains a kernel of truth. If the country is to avoid going over the fiscal cliff in the next month, and avoid the terrible consequences that would result from a failure to reach a budget deal, it is going to require the kind of presidential leadership and ability to compromise that Obama has never been willing to provide in his first four years in office. The question before the country is not so much the one that liberals have been asking about Republicans simply waving the white flag as it is whether the president can actually bargain in good faith and get a deal.