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Saturday, August 6, 2011

postheadericon The debt-ceiling deal disaster

Congratulations to the Tea Party for a great victory. Congratulations to President Obama and Democrats for another brilliantly executed surrender. Condolences to the jobless whose plight will become even worse after this deal. Condolences to the American economy, which will be damaged by this deal.

Let’s be clear: House Speaker John Boehner (R-Ohio) could not deliver enough Republican votes. He was some 40 votes short. At the very moment when Democrats had leverage, they still caved and asked for and received nothing in return.

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