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Why Did Obama Compromise on Tax Cuts?

Complete video at: Richard Wolffe, former White House correspondent for Newsweek, examines December's agreement to extend the Bush tax cuts for an additional two years in light of the economy, Washington's current political climate, and Obama's personal approach to compromise. "The tax debate has not worked out very well for the Democrats for the last two, three decades," says Wolffe. "You're fighting on Republican turf." ----- Richard Wolffe, award-winning journalist, NBC and MSNBC political analyst, and author of the New York Times best-selling political epic, Renegade: The Making of a President, tells the dramatic inside story of the defining period of the Obama White House, based on exclusive interviews with President Obama and his White House staff. As Newsweek's former senior White House correspondent, Wolffe covered the entire length of Obama's presidential campaign and has had unprecedented access to Obama -- allowing us to see and hear President Obama with an immediacy and honesty never before witnessed. Listen to Wolffe as he answers the simple yet enduring question: Who is Barack Obama? - The Commonwealth Club of California Richard Wolffe is a Daily Beast columnist and an award-winning journalist. He covered the entire length of Barack Obama's presidential campaign for Newsweek magazine. His book about the election, Renegade: The Making of a President, was a New York Times bestseller in 2009. His new book, Revival: The Struggle for Survival Inside the Obama White House, was published in November.
Length: 02:54


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