The presidents debt gimmick. First two years he had complete control of the Congress and could have cut a deal but didn't why?
The tax the rich gimmick is destined to fail. Even Clinton and Reid agreed at first then flip flopped. Why cause what Obama really wants is higher tax rates. Like Clinton and Reid said $240k isn't rich and will not collect enough revenue to succeed, the next step raise taxes on every body. Another aspect if taxing the 240k and higher will slam the door on job creation. All this is why Bernanke said recently, Obama's policies do not support a recovery.