Charles Krauthammer in the Washington Post:
Barack Obama won the great tax-cut showdown of 2010 - and House Democrats don't have a clue that he did. In the deal struck this week, the president negotiated the biggest stimulus in American history, larger than his $814 billion 2009 stimulus package. It will pump a trillion borrowed Chinese dollars into the U.S. economy over the next two years - which just happen to be the two years of the run-up to the next presidential election. This is a defeat?
If Obama had asked for a second stimulus directly, he would have been laughed out of town. Stimulus I was so reviled that the Democrats banished the word from their lexicon throughout the 2010 campaign. And yet, despite a very weak post-election hand, Obama got the Republicans to offer to increase spending and cut taxes by $990 billion over two years. Two-thirds of that is above and beyond extension of the Bush tax cuts but includes such urgent national necessities as windmill subsidies.
Andrew Sullivan:
It was staggering to me how many tangible concessions Obama was able to get for one symbolic give. The GOP got to protect the very rich to the tune of $120 billion for two years. In return, Obama got the $360 billion tax cut for the middle class he wanted, plus $450 billion on extended unemployment benefits, the pay-roll tax cut and EITC and college tuition funding. In the process, he got the GOP to endorse a huge fiscal stimulus for Obama as he runs for re-election - a stimulus that could, according to Morgan Stanley, push economic growth to as much as 4 percent next year. That might be an overshoot - but it's surely salient that no one thinks the package won't boost growth at all.
Ha, ha, ha, tea partiers, roll over and die.