Monday, August 1, 2011

There Are No Winners In The Debt Ceiling Dog Fight

link here to article

This article provides an overview of the debt ceiling deal that was cobbled together over the weekend. The GOP, which has a majority in the House, scored a TKO over the party that controls the Senate and the White House. The key sentence in the article described the TKO as a victory for the president in his election campaign but a big loss for the president's image as a leader. He can campaign as the reasonable person in the battle who was willing to take a bipartisan position against the radical element in the GOP. He may win the next election but his image as the President will have taken a big hit. The image of America as the preeminent global leader has also been eroded by the senseless battle that openly displayed out dysfunctional political system to the world. Our version of Democracy is no longer a model for the rest of the world.

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