How the Republicans fleeced President Obama in tax-cut poker.

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Betting timidly on a strong hand. It should have been obvious back in the fall that the Democrats were not going to get a better deal by keeping the game going until after the election. Yes, they were a few Senate votes shy of the 60 needed for a floor vote on a bill extending the Bush tax cuts only for those earning less than $250,000 a year. But after the election, they were surely going to be in a much weaker position, with Republicans ready either to assume control of both houses or to come ...