President Obama & Debt Increase Negotiations

President Obama may have to agree to cut extended unemployment benefits in order to get agreement from Republicans to deepen the federal debt limit.

That concession would be a bitter for the President who gave Republicans two years of extended vast tax cuts in exchange for two more years of unemployment checks to those that had already got them two years.

President Obama seems especially inept at political budget negotiations and economic planning. The destitute working poor will neither find free medical care available during his administration. The President lacks any capacity for innovative economic reasoning going from his record.

If four years of unemployment benefits mollifies his supporters enough the President may be able to count on their votes in 2012. Yet without a prospect for another two years of more unemployment benefits to make it six years of unemployment benefits if the President were t be re-elected some of his loyalists may jump ship and swim to to another platform on the rising tide.