When the WSJ abandons you and you're a GOP politician, you're done. The Journal has abandoned Boehner, calling him out by name. David Frum, over at Frum Forum, makes another interesting observation that the Journal is responsible for the GOP being in this position because they taught them that this is what they are supposed to believe as good conservatives. At some point, the GOP is going to have to decide that governing is more important to the nation than campaigning. It's clear, though, that they aren't there yet.
“Both Republicans and Democrats have agreed that this is going to happen and probably the best thing to happen now is just to get it over with — one more policy blunder— but just get it over with and move on because now it’s been framed as a tax increase which it’s not,” he said. “I know what’s going to happen and I agree with the editorial this morning in the Wall Street Journal,” Corker went on. “Probably the best thing to do at this point is just get this behind us and move on and hopefully figure out a way to deal with the real issues that our country needs to deal with.”
The Journal also of course as always favors tax cuts too. But not this one. The payroll tax holiday is the rare example of a tax cut the Journal strongly dislikes. In today’s editorial, the Journal suggests that its dislike is based on the holiday’s temporary nature. Yet the Bush tax cuts of 2001 and 2003 were temporary too, and that time limit did not disqualify them in the Journal’s eyes.