(Washington) President Barack Obama has confided his plans to become a registered Republican some time before the end of the lame-duck session of the 111th Congress. Speaking to his inner circle, he lamented failing to bring the two major parties together. One of his confidants reported Obama saying, "It's really just one party anyway and clearly the Republicans have the confidence of the people. I can finish my original mission much easier within the GOP." Sources wouldn't elaborate on what that mission is. (Image: juvetson)
Obama clearly signaled his intentions through two recent tactical moves. He relented on ending the Bush-era tax breaks for the top 1% of income earners. The 3% reduction in the top rate accounts for over $1.0 trillion in lost revenues. Prior to the 2010 midterm elections, Obama hinted that he opposed a renewal of the tax breaks. It looked like the president might win this one with speculation that the tax breaks would likely die due to the post midterm atmosphere.