Payroll Tax Extension

Substantively the House GOP is right: a two month extension is impractical, non-stimulative policy.

Politically, they lose too much and gain nothing from holding out for a year-long extension, at least not without approving the two-month version first.

The best thing to do at this point is let Obama-Senate Democrats hang themselves with their own rope: adopting another piece of legislation that will do nothing to encourage recovery of a stagnant economy of which they are complete owners.

We tried to do the right thing. See you in November.