December 12, 2012

KEITH HENNESSEY: A Third Option Changes The Negotiation. “This doesn’t mean Republicans want to go with option C, or that they like option C. It instead means their negotiator now has the ability to walk away from a really terrible deal with the President, and that he can therefore demand a bit more from the President in exchange for cooperation on a deal. Option C is useful to Republicans even if their strong preference, for non-policy reasons, is to negotiate a deal with the President. I think option C is S. 3412, a bill passed by the Senate in July.”