UPDATE: The White House has issued a clarification that the President "prefers" the "principles" he laid out months ago. Which doesn't really tell us much of anything.
I worry that this will come across as weakness in the face of adversity.
From AP:
Chastened by the Democratic Senate loss in the state of Massachusetts, President Barack Obama and congressional allies signaled Wednesday they will try to scale back his sweeping health care overhaul in an effort to at least keep parts of it alive.
A simpler, less ambitious bill emerged as an alternative only hours after the loss of the party's crucial 60th Senate seat forced the Democrats to slow their all-out drive to pass Obama's top domestic priority and reconsider all options.
The 60-vote Senate Democratic majority is needed to overcome Republican procedural obstacles aimed at defeating the legislation.