The mainstream media is letting American taxpayers down, once again. Because there's a change coming in everyone's first paycheck of the new year that most of the news stories about the fiscal cliff negotiations only occasionally mention, and usually just in passing. But the impact will be widely (almost "universally," in fact) felt, and it's going to mean a pay reduction for all workers of two percent. Taxes are going up by this two percent, meaning paychecks will be smaller. And -- here's the important part that gets lost in all the breathlessness over the fiscal cliff by blow-dried newsfolks -- this change is going to happen no matter what gets agreed upon to deal with the rest of the fiscal cliff.

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Welcome to the seventh annual homage (which sounds so much nicer than "blatant ripoff," don't you think?) to the television show The McLaughlin Group, since they have the most extensive year-end award category list of anyone around. Since "extensive" is my middle name (well, not really, although I do tend to wander off into the parenthetical wilderness at times, do I not?), such a long list fits right in here.

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I realize that watching the fiscal cliff negotiations in Washington has been likened to stylized Kabuki theater more than once by pundits far and wide, but I'm going to push this metaphor for all it is worth today. You might even say I'm going to push it right over a cliff, but that would be a horrendous metaphor mixture indeed.

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What's that? Mayans? Not Maya Rudolph? Man, I've got to start paying closer attention to these things. I'm still trying to figure out what sort of omen it is that Paul McCartney performed with Nirvana on 12/12/12, personally. Maybe not the end times, but certainly the strange times.

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Is John Boehner just worried about his leadership position? Is he really putting his own re-election as Speaker of the House before all else?

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But the "tax the rich" policies so far being discussed (at least the ones that leak out to the public) are laughably timid and tame, when you really examine the big picture. So far, what is making Republicans howl is President Obama's plan to end the Bush tax cuts on the top two marginal income tax rates, which would raise them from 33 percent to 36 percent, and from 35 to 39.6 percent. Seen one way, that's impressive, since tax rates haven't gone up in such a fashion since President Clinton's first year in office. But seen another, it's not all that radical at all.

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Where to begin? Let's see, Obama's job approval polling is not completely through the roof, but it certainly has scraped the ceiling. The Associated Press just released a new poll that has Obama at 57 percent approval, 41 percent disapproval -- a job approval level the president hasn't seen since Osama Bin Laden's death. Added to today's unemployment rate dropping to the lowest point since Obama has held office, and you've got to believe that the folks in the White House have plenty to celebrate this holiday season.

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The job of pundit, every so often, lends itself to delusions of grandeur. It goes with the territory. Which is why my immediate thought, upon hearing of the abrupt resignation of the Tea Party's leader in the Senate, was: "Wow, I guess the column I posted yesterday on the inherent hypocrisies in the current Republican Party's positions just blew his mind."

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All in all, a pretty triumphant month for the president, no matter how you look at it.

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Before his second term has even begun, are we seeing "Obama 2.0" in action? This is the question swirling around right now in the inside-the-Beltway punditocracy, and it's a refreshing one to contemplate: has President Barack Obama finally learned his lesson that his old method of legislative negotiation simply was not working? Has he, to put it another way, grown some backbone?

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