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Thursday, July 14, 2011

If default would be a catastrophe, why is Obama opposed to a short-term deal that would avert it? « Hot Air

If default would be a catastrophe, why is Obama opposed to a short-term deal that would avert it? « Hot Air: "To put it another way, is there any policy reason why Obama won’t agree to a short-term deal or is this really as horribly cynical as it looks — that he simply refuses to do anything that might complicate his reelection campaign, even if that means a default by the United States? Jake Tapper pressed Carney about that in today’s briefing — which is worse, default or a short-term deal? — and Carney actually said, no joke, “Both are bad; I can’t choose which is worse for you.” In a sane world, that answer would shatter the White House narrative that hitting the ceiling is an avoid-at-all-costs risk since, evidently, the Perpetual Campaigner thinks another slugfest over this next year is a greater risk than defaulting now would be."

Let's see, I think I'll go with "cynical".

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