This is a moment when policymakers should be thinking big, not small. History will little note nor long remember that the payroll tax holiday was extended for two months rather than 12. The complex and difficult questions we?re avoiding, however, may haunt us through the century.
Let me be clear that I applaud President Obama and the Democrats for the political victory they won last week. The impact was to weaken the influence of the most reactionary and clueless faction in Congress ? the Tea Party Republicans ? and strengthen the hand of both progressives and pragmatic conservatives. This can only be a good thing.
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