The President is not going to get an increase in minimum wages. He is not going to get gun control. This is pretty clear today.
Will he get a revision in the immigration laws? That looks more likely. But it’s not a sure thing.
So, by the time Congressional elections bring in a new Congress, Obama will be in his final two years. That is when lame ducks quack loudly, but get little through Congress.
This is good news. Gridlock is the best we can expect. We’re going to get it.
What about sequestration? What about automatic cuts in federal spending. We can always hope. The cuts begin next month.
Will Congress buckle? There will be lots of pressure to do so. But will Obama give ground, too? He sounds like he is hard-nosed. So, gridlock works in favor of sequestration.
There will be lots of posturing. But if Obama thinks Boehner is going to play a white version of Stepin Fetchit, he is making a big mistake. Boehner’s ego is on the line. Ego, not commitment to principle, motivates Boehner. He is not going to eat a mud sandwich that Chef Obama has made for him personally. Hank Paulson suckered him in 2008. Obama won’t.
If Obama plays hardball, the Pentagon will take the hit. The automatic cuts will begin. If he plays nice guy, Congress will go along with a revision. The deficit will stay above $1 trillion.