The Fiscal Cliff, Stabilization Games, and David Frum
David Frum has an interesting article at the Daily Beast on the failure of the GOP “Plan B.” The basic argument is that most all Republicans wanted some sort of resolution, but to have voted against whatever resolution was passed.
For almost any given Republican, the best possible outcome of the Plan B negotiations would have been for Plan B to pass – but for that particular Republican to vote nay.
The argument is pretty compelling, coming from a GOP insider. It also bears a striking resemblance to my analysis of the debt ceiling negotiations back in July 2011, which I called Stabilization Games. There are obvious differences in our analyses, but our core insights are the same. Maybe Frum reads Indolaysia?