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reply to post by redhatty
(not really a bad thing, although it won't be fun) and Obama hold no fault for it (and he knows this).
Originally posted by Cauliflower
Judging from all the frantic last minute political posturing by both parties this deadline is a lot more important than you would think? Its like they got caught and they know someone is going to get punished.
The politicians inside the loop are acting like this will be the Koolaid of the century for their party rather than just the usual arbitrary year end fiscal event which in the past has been easily rectified through new spending legislation.
Perhaps the Federal reserve or some other PTB really did signal the imminent execution of an unpopular austerity plan that would be remembered in the minds of the voting base?
Tough times have brought about some of the best remembered legislative history so at the very least maybe we will be witness to some really educational government quid pro quo this spring into the summer. Obama should be distancing himself from the short term blame game which is lost, and start using his lawyer skills to consider long term legislative solutions that would appear more constructive.