The overwhelming and vast majority of voters in the American Democracy do not want to continue the Bush tax cuts for the rich. Large majority.
The Republicans and their fellow travelers are beholden to the rich because of the way way that political campaigns are financed in America. I call this corruption and bribery. If Obama caves in to the Republicans now on this issue, then I give up on him. We may as well just go ahead and plan on a single term Presidency, with a Republican as our next President.
Democracy is not just voting for a candidate every few years, and then forgetting all about what the voters back home want. There have been cases where the legitimacy of the vote has been seriously eroded too; see Bush vs. Gore. President Jimmy Carter's foundation goes all over the world supervising and auditing elections to make sure that they are conducted in fair and transparent manner, and that the results are accurate. He says that there is no way the American system would pass the test. Not even close.
Representative Democracy means that once elected the public official should try his best to do his job in the manner that the people back home would want. So if most of the people in his district want to end the Bush tax breaks for the super rich, or do not want social security benefits reduced, then that is how he should vote on legislation or amendments. Regardless of how his largest campaign contributors might react, or whether he will be re-elected for another term in office.
Link to a good article on this: http://www.salon.com/news/feature/2010/11/30/tax_cut_showdown/index.html
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