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And so long as that assumption keeps getting vindicated by events, there's no incentive for the G.O.P. to accede to sweeping compromises on deficit reduction.
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And Republicans are hoping that if they win enough seats in 2010, Obama will turn into Bill Clinton redux, pursuing compromises on deficits and entitlement reform in lieu of more liberal legislation.
During the 2011 negotiations to raise the nation's statutory borrowing limit, Mr. Obama wanted an onerous "trigger" to force both sides to reach a compromise on deficit reduction.
Mr. McConnell, the minority leader, said in an interview that he would continue to advance bipartisan deals that make sense, like the 2011 debt limit agreement and the 2012 compromise on deficit reduction, and oppose those that do not.
With traders hearing nothing new, just boilerplate about "common sense and compromise" on deficit reduction, the Dow Jones industrial average, which had already fallen 410 points, fell 20 more points while the president was talking around 2 o'clock.
There is no realistic compromise on deficit reduction which does not include a substantial contribution from the Pentagon.
The very mention of Social Security as part of a potential compromise on deficit reduction has the program's backers on edge.
If Democrats and Republicans fail to hash out a compromise on the deficit, draconian spending cuts will follow in 2013.
It's hard to imagine any grand political compromise — on the deficit, for instance — in an angry country.
Administration officials played down the S.& P.'s assessment on Monday while reiterating Washington's determination to reach a compromise on the deficit.
In December he offered Republicans a compromise on the deficit only to see them walk off and double down on their obstinacy in the House.
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