President Barack Hussein Obama stood at the podium around 5:30 p.m. Central yesterday. He looked as if he had just swallowed some yellow Triaminic cough syrup.  He was announcing a proposal for a compromise, or a framework for a bipartisan agreement, as he called it, with Republicans in Congress on a broad tax package that would extend the Bush-era income tax cuts for two years, reduce worker payroll taxes for one year and would call for more favorable treatment to business investments.

The deal also includes a temporary reinstatement of the estate tax at 35%, as well as a 13-month extension of jobless benefits for the long-term unemployed.

Obama is between a rock and a hard place.  His poll numbers continue to plunge into the abyss.  And, if something is not done immediately, the current tax levels signed into law by President George W. Bush will expire on Dec. 31.  That means that tax rates on all Americans who pay income taxes will rise on Jan. 1, which, in turn, would immediately affect economic growth and holiday sales.

By making the deal, Scooter has torqued off a lot of his base, including his Congressional minions, who disagreed with the move in a meeting before the announcement with the President and Vice-President, according to a House aide.

Rep. John Conyers (D., Mich.) said:

I can tell you with certainty that legislative blackmail of this kind by the Republicans will be vehemently opposed by many, if not most, Democrats.

In the Senate, Tom Harkin (D., Iowa) called it “an understatement” to say he was disappointed.

The reaction on Liberal blogs reminded me of this scene from Star Wars:

Now, Obama will have to try to suck up to Republicans in order to move this deal through, because the Dems ain’t buying what he’s selling.

Hey, Dems!  Welcome to the party, pal!

Republican leaders are diggin’ this.   House Republican Whip Eric Cantor released a statement which said:

No one gets everything they want in a deal, but our top priority is to restore certainty to the private sector so that businesses small and large can start hiring again.

Senate Republican Leader Mitch McConnell also lauded the deal and instructed the Congressional Democrats to

show the same openness to preventing tax hikes the administration has already shown.

Americans could tell that Obama was having to swallow hard to choke this compromise down. He kept referring to the “wealthiest Americans” (like him and Michelle) and how he was opposed to keeping their tax cuts in place. He said that he made this sacrifice in order to extend Americans’ unemployment benefits for 13 months.

How noble.  In the past, Scooter had said that he thought that extending the top earners’ tax cuts

could cost our economy well over a million jobs.

According to wsj.com:

…this proposal would extend current tax rates on capital gains and dividends for two years, including for higher earners. It would also maintain protection for middle-class families from the alternative minimum tax.

As part of the deal, the White House is proposing a provision to encourage more investment in plant and equipment, by letting companies claim deductions on 100% of most kinds of investment.

Under the agreement between the White House and congressional Republicans, the estate tax rate would be set at 35% for two years and would apply only to estates over $5 million. Under current law, the estate tax has lapsed for 2010 and is set to spring next year to 55%.

So, what happens now?  Will this proposal be acted upon quickly, so that the Lame Duck Congress can try to shove through the DREAM Act, DADT Repeal, the START Treaty, and other unpopular Progressive policies before the end of the year?

If Congress does not co-operate and hems and haws, Americans will be faced with the biggest tax increase in history and, now, the responsibility for it will clearly fall at the feet of the Democrats.

By making this proposal, Obama has attempted to distance himself from the anger of the American people, and has made his own political party and Far Left base the ones who are standing in the way of progress.  This little maneuver is not exactly endearing Scooter to those who made him their messiah. 

Why the sudden attempt at a Clinton-esque triangulation?  Perhaps it is simply because Scooter knows that Liberals only comprise 18 % of America’s population.  If Obama wants to have any chance at all of getting re-elected, he has to expand his voter base beyond those 35-year-old Jack Black lookalikes who are posting Liberal blogs from their Mom’s basement.

Unfortunately, though, he has been instrumental in moving his political party from a moderate stance to a Far Left ideological stance.  While trying to triangulate, he may have just gotten himself primaried leading up to the Presidential Election of 2012.

Sho ’nuff hate it for him.

Conservatives have been waiting for this moment, almost as much as the glorious Midterm Elections.  By allowing himself to become a symbolic figure among the Far Left, transcending politics, Obama set himself up for this very moment.

American is not, and never has been, a nation whose majority embraces the socialist, nanny-state philosophy of Progressivism.  By attempting to force this failed ideology on the American people, Obama and the Democrats have dug themselves a hole that they will not get out of anytime soon.

Their own arrogance has been the instrument of their demise.