The big banner headline at the Huffington Post (see also Cenk's rants on MSNBC) is that the Obama administration is going to compromise on extended the Bush tax rates for the richest one percent. Axelrod denies that this is news:
There is not one bit of news here. I simply re-stated what POTUS and Robert have been saying. Our two strong principles are that we need to extend the tax cuts for the middle class, but we can't afford a permanent extension of the tax cuts for the wealthy.
Hmm. A little weaselly. I might be misreading this, but it sounds like they intend to extend all of the tax cuts. I hope they're prepared for the accompanying deficit -- and the pathetic stimulative effect, only 32 cents return on every dollar in tax cuts. Smart.