The piece The Heartbreak of Premature Capitulation by Michael Winship has some clever puns in it.
Ladies and gentlemen, I give you President Barack Obama, providing needless aid and comfort to those who would do him wrong, handing over his own head without a fight, afflicted with a curious syndrome we men of science have decided to call Premature Capitulation.
More interesting were his quotes from The Baseline Scenario web site:
… as James Kwak points out on The Baseline Scenario web site (which he founded with economist Simon Johnson), “The Bush tax cuts were always bad policy. After the last election, President Obama will be able to accomplish precious little. But he could easily have killed the Bush tax cuts and thereby done more good for our nation’s fiscal situation than anyone will be in a position to do for many years to come. Killing the tax cuts would alone reduce the national debt by roughly as much as the deficit commission’s entire proposal. And killing the tax cuts was the path of least resistance. Obama could have done it by doing nothing. Or he could have done it by taking a strong negotiating position and being willing to walk away from the table …
“Instead we got a two-year extension as part of an overall package that adds $900 billion to the debt … And Obama will no longer be able to say the tax cuts were a mistake made by President Bush that he was letting expire. Now he owns the mistake.”