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President Barack Obama said on Al Sharpton’s radio show that the one thing holding the Republican party together these days is its love of rich people.

Obama: Love of Rich Binds GOP Together

Obama said on Al Sharpton’s radio show: "My sense is that their basic view is that nothing is important enough to raise taxes on wealthy individuals or corporations."

"They would prefer to see these kinds of cuts that could slow down our recovery over closing tax loopholes. That’s the thing that binds their party together at this point."

Whoa, tell us how you really feel, B!!


Delivering such a blunt assessment right now, as opposed to during campaign season, seems more than a bit unwise, with the "sequestration" looming.

On March 1, massive spending cuts will kick in unless Obama, the Democratic-controlled Senate and the GOP-led House resolve the current budget impasse.

Even as he contacted House Speaker John Boehner and Senate GOP Leader Mitch McConnell Thursday to talk about the budget, Obama is holding is ground.

"Unfortunately, I think Republicans right now are so dug in on this notion of never raising taxes that it becomes difficult for them to see an obvious answer right in front of them," Obama added.

Wisely or not, he’s steadfastly sticking to a position that many GOP legislators have rejected when it comes to resolving the current budget stalemate.

He said 75 percent of Americans support his "balanced approach" of tax increases and spending cuts, criticizing the GOP for favoring only spending cuts.

At this point, both sides seem willing to let sequestration kick in on principle, rather than compromise. Time will tell if they blink – or what the consequences might be.