“Leverage”

by evanmcmurry

From now on, when you go to dictionary.com, the following will be found as the definition of “leverage”:

The leaders warned that the Senate was unlikely to approve any changes to the carefully calibrated compromise and that a vote to amend the measure probably would leave the nation facing historic tax increases for virtually every American — and force House Republicans to take the blame.

The other option: Let the measure pass the House unchanged and go to the White House for Obama’s signature. Late Tuesday, it appeared that even some of the chamber’s staunchest conservatives were ready to give up the fight.

“I think the best outcome is to have a clean bill, actually put it on the floor and see what the consensus of the House is,” said Rep. Raul R. Labrador (R-Idaho), a freshman who has opposed every major bipartisan compromise on the budget over the past two years and said he would vote against the measure.

Rep. Lou Barletta (R-Pa.), another freshman, said he would support the legislation as the “safest bet” to prevent a major tax increase that many economists predict would throw the nation back into recession. (via)

As in, “In the fiscal cliff negotiations, Obama squandered significant leverage.”

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