From Ed Kilgore, on ways of dealing with the fiscal cliff:
I'm skeptical of any strategy that depends on convincing conservatives they need to be more reasonable.
True enough. And it's also true that any deal that doesn't include a debt ceiling increase is a waste of time. Why bother cutting a deal if Republicans are just going to pick another lever to wreck the economy with?
I continue to wait and wonder about the business community. Their self-interest is pretty clear: they should be in favor of a fiscal cliff agreement and they should be in favor of a debt ceiling agreement. Throwing the economy into the crapper is bad for business, after all. And yet, right now there's only a glimmering of evidence that business leaders are pressuring their tea-party friends to settle down, admit the need for compromise, and do a deal. So far, apparently, class loyalties are trumping fiduciary responsibilities.