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E.J. Dionne on the economy:

For the moment, Republicans have no interest in moving the nation’s debate toward investments in job creation because they gain twice over from keeping Washington mired in discussions on the deficit. It’s a brute fact that Republicans benefit if the economy stays sluggish. And despite their role in ballooning the deficit during the Bush years, they will always outbid Democrats on spending cuts.

I wonder if this is ever going to become a serious talking point? It gets batted around now and again by the odd newspaper columnist or blogger, but that’s about it. No serious person in a position of real influence really wants to accuse an entire party of cynically trying to tank the economy, after all.

But it would sure make headlines if Obama decided to take up this ball and run with it. He’ll never do it, because it wouldn’t be postpartisan or pragmatic. But Republicans are all set to turn the next 18 months into the World War III of political campaigns, and this would sure be a way of showing them that two can play at that game.

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TIME IS RUNNING OUT!

We have an ambitious $350,000 online fundraising goal this month and it's truly crunch time: About 15 percent of our yearly online giving usually comes in during the final week of the year, and in "No Cute Headlines or Manipulative BS," we explain why we simply can't afford to come up short right now.

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That's why donations big and small make up 74 percent of our budget this year. There is no backup to keep us going, no alternate revenue source, no secret benefactor. If readers don’t donate, we won’t be here. It's that simple.

And if you can help us out with a donation right now, all online gifts will be matched thanks to an incredibly generous matching gift pledge.

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