There are good theoretical arguments that the fiscal cliff’s tax hikes gives Democrats the bulk of the leverage, but the White House has watched Senate Democrats fold on taxes again and again and again. They worry that if we go over the fiscal cliff, skittish Senate Democrats will quickly fold before some House-passed plan that raises taxes on income over $750,000, does nothing on stimulus, and sets up a debt-ceiling fight for early next year. The White House thinks it’ll be very difficult for them to veto anything Senate Democrats agree to, and so they would prefer to strike the deal themselves rather than getting into a situation where vulnerable Senate Democrats could strike a deal on their behalf.
Again Senate Democrats are negotiating against majority voter preference and the party platform. Who the hell spooks them like this?