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Tax Deal: Liberal Ire & Hard Bargains24:20
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With the President's compromise on extending the Bush tax cuts, we hear liberal reaction and look at the bargain that's been struck.

Sen. Charles Schumer, D-N.Y., in a news conference on Capitol Hill, Dec. 3, 2010, to discuss proposals to continue the Bush era tax cuts. (AP)
Sen. Charles Schumer, D-N.Y., in a news conference on Capitol Hill, Dec. 3, 2010, to discuss proposals to continue the Bush era tax cuts. (AP)

President Obama cut his tax deal with the Republicans. The deal means more tax cuts for all, rich included, as the GOP demanded. It also means more months of unemployment benefits for the jobless.

Top Republicans were complimentary. Mitch McConnell praised the President. And liberals went ballistic.

For months, progressives have been gnashing teeth over Obama’s failure to get out front and lead. Yesterday’s deal popped the cork on liberal fury.

The President says "necessary compromise." Top progressives are asking if it’s a "failed presidency."
-Tom Ashbrook 
Guests:

Katrina vanden Heuvel, editor and publisher of The Nation.

David Corn, Washington bureau chief for Mother Jones.

Ezra Klein, opinion blogger for the Washington Post.

This program aired on December 7, 2010.

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