Well, he's done it again! Faced with opposition from a radical right tea party that acted like the insane rogue elephant that didn't care if the economy tanked or not, Mr. Obama threw in the towel and gave the republicans everything they wanted without getting anything in return. He caved.
Maybe its the next step in the game for the shrewdest political thinker ever, a chess grand-master playing 5 steps ahead of everyone else, but I don't think so.
make no mistake, this was not a compromise because, once again, he got nothing in return.
At least in December he got an extension in unemployment benefits, but the republicans learned then that he could be controlled by extortion. And apparently he can.
here's Paul Krugman's take:
http://www.nytimes.com/2011/08/01/opinion/the-president-surrenders-on-debt-ceiling.html?_r=1&hp
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