Everyday we ask influential politicos to send us their top three bullet points that are driving the day's conversation in and outside Washington.
What a fascinating day in politics. The left revolts against the tax compromise deal President Obama cut with the Republicans. "Unconscionable," the AFL-CIO says. "Millionaire tax bailout," says MoveOn.org. So the president calls a news conference as more and more Democrats suggest the White House is worried about reelection, not them.
On to the bullet points:
John dedicates much of his time to the deal and its fallout, and raises several smart questions. Erick, too, begins with the tax deal and sees it as anything but bold. Both also raise the "what next" question regarding the Assange arrest.
Enjoy the day, and hope you visit us on TV tonight. - John King
RedState.Com Editor Erick-Woods Erickson:
- The tax compromise is a reflection of Washington's status quo in that it largely enshrines the status quo in the tax code for the next two years.
- Assange arrested. What will the US do now?
- Taliban soldiers were caught then released as the 2010 death toll of troops in Afghanistan nears the total for all of George Bush's years there.
Senior Political Columnist for TheDailyBeast.com John Avlon:
- The Great Tax Cut Compromise of 2010 – Obama is showing that he got the message of the mid-term elections, but at least two questions remain before the deal is done: Will liberal Democrats balk? And will Republicans give the president credit for his bipartisanship or will the far-right just smell blood in the water?
- The Pete Orzag Plan is Vindicated – After angry accusations from former colleagues at the time of Orzag’s first NY Times OpEd calling for a temporary two-year extension of the top-rate, the OMB director’s deal seems to be setting the standard. Could the Democrats have gotten a better deal if they moved forward on it earlier? Will the Chuck Schumer-endorsed plan of raising the rates only on people making more than $1 million a year be resuscitated in 2012? It could have been a politically wise and practical compromise. Another homeless policy position is deficit reduction as both parties embraced a nearly trillion dollar addition to the debt side of the ledger.
- What’s Next for the Lame Duck? It’s unclear what else the president got as part of these green light negotiations with Republicans on tax cuts. He desperately wants to move the START Treaty forward while Democrats will be looking for a gain for the base like a vote on the DREAM Act or Don’t Ask, Don’t Tell.
- And apparently Wikileaks' founder Julian Assange has been arrested in London on charges of Swedish sex crimes, which I didn't even know was a thing. This story will be the non-Washington cat-nip of this news-cycle – but the charges have little to do with the reason he's been the most wanted man in the Western world these past few weeks. Will his arrest stop the promised leak of US bank documents?