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Obama agenda: 'My2K'

USA Today on Obama’s “fiscal cliff campaigning”: “These are the latest steps in an all-out political blitz to sell Obama's budget plans.”

“President Barack Obama is introducing a new hashtag to the fiscal cliff debate,” AP writes. “The White House plans to promote (hashtag)My2K on Twitter and other social media — a reference to the estimated $2,200 tax increase that a typical middle-class family of four would see if the Bush tax cuts expire.”

Obama’s inauguration of Jan. 21st will be only the seventh time it’s happened in history that Jan. 20th of an inauguration year fell on a Sunday.

National Journal notes how business leaders meeting with the president are realizing that they “feel just as much pressure [as Obama] to make things right.” Said Stan Collender, a former Democratic staffer on the House and Senate budget committees: “They made a big bet, and they lost,” “And now they have to, if not grovel, make it clear they’ll work with the administration.”

More: “There are signs they already have. The business-backed group Fix The Debt, an organization ostensibly pushing for both sides to strike a grand bargain to reduce the country’s deficit, has drawn conservative ire for, in their opinion, focusing less on entitlement reform and more on raising taxes. Some observers believe the tilt, however slight, is part of an implicit effort to extend an olive branch toward Obama – and the impetus for a Wednesday meeting between House GOP leaders and the group.” 

In other fiscal cliff news… “Republican Rep. Tom Cole urged colleagues in a private session Tuesday to vote to extend the Bush tax rates for all but the highest earners before the end of the year — and to battle over the rest later,” Politico’s Jonathan Allen writes, adding, “At a meeting of the House GOP whip team earlier in the day, he made the case that Republicans would strengthen their position by joining hands with President Barack Obama now to give most taxpayers what he calls ‘an early Christmas present’ of ensuring their taxes don’t go up on Jan. 1. Cole’s position is striking because he’s hardly a ‘squish’ — Norquist’s term for a weak-kneed lawmaker — when it comes to Republican orthodoxy. Cole served as chairman of the National Republican Congressional Committee and in other official posts within the party. He might also provide cover for other Republicans looking to make an agreement to avoid a sharp fall off the so-called fiscal cliff.”

National Journal: “The Kumbaya rhetoric and photo-ops between President Obama and congressional leaders surrounding the so-called fiscal cliff are starting to wear thin. … For all of the optimism surrounding the initial meetings between leaders, very little progress has been made….”

Politico: “This is the public relations phase of the latest fiscal showdown in Washington, where direct engagement is no longer viewed as the optimal route to reaching a deal. As Wall Street shudders and Congress once again risks looking feckless in the face of crisis, both sides are locked in a battle to win over key interest groups — and the public.”

Roll Call: “Democratic leaders emboldened by this year’s electoral victories are driving a hard bargain on a potential deficit reduction package, pushing to raise taxes significantly in a short time period, while resisting major spending cuts as part of an agreement during the lame-duck session.”