Flatiron Hot! Pundit: Obama Fiscal Cliff Deal a Loss for Liberals, a Rout for G.O.P.

A decisive election victory. An increased Democratic majority in one house of Congress and substantial gains in another. An automatic expiration of the Bush tax cuts. Leading up to the election, many expected Barack Obama to be a one-term president. But a mere few months later, he could hardly ask for better conditions to start out his second term (adjusted for the recession, of course).

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