So. It is done.
President Obama's Grand Compromise that ain't so grand, according to many liberals, is now the law of the land. This afternoon, Obama signed the $858 billion bill, which extends for two years the Bush-era tax cuts for poor, rich, and super-rich alike. The legislation also provides for a 13-month extension of unemployment benefits for the long-term unemployed and a one-year payroll tax cut for most workers.
The legislation's success was sealed last night when the House passed it 277 to 148.