You could not find a purer example of beltway thinking. Here we have the talking heads concept of politics, who is winning the battle of the airwaves. Strangely enough, the terrible pain inflicted by this monstrous agreement is absent from the deal.

Here read this –

UPDATE
Jay Newton-Small at TIME.com writes (8/1/11) …

the one clear winner from all this seems to be President Obama.
If the bill passes, he can now claim the mantle of fiscal conservatism – a surefire defense to ubiquitous Republican accusations of socialism and big government.
If the debt ceiling were breached and the economy tanked, he likely would’ve borne the greatest political price.
But by swooping in and making the deal at the last minute, Obama can say he saved the day.

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This guy gets paid hundreds of thousands of dollars to write what passes for wisdom in the nation’s capital. This kind of press, this kind of bizarre, “who is winning” excited discussion, is one of the reasons we are in such an economic mess. Who wins? Everybody in this nation lost when a threat to destroy the nation’s credit is successfully used as a bargaining chip.

Go back and re-read it. He doesn’t even realize how satirical, how ridiculous this sounds outside the beltway. Reality has no significance in the world of Washington. It’s just out here in the sticks where the penalties are felt that we talk about the actual elements of the agreement (if we can find out what they are).

James Pilant

****** UPDATE Jay Newton-Small at TIME.com writes (8/1/11) … the one clear winner from all this seems to be President Obama. If the bill passes, he can now claim the mantle of fiscal conservatism – a surefire defense to ubiquitous Republican accusations of socialism and big government. If the debt ceiling were breached and the economy tanked, he likely would’ve borne the greatest political price. But by swooping in and making the deal at the la … Read More

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