Adam Serwer (correctly) calls bullshit:
The $900 billion deal to extend all of the Bush tax cuts represents a substantial retreat for the president on a major campaign promise, a major victory for the Republican Party, and, let’s face it, complete obliteration of the notion that the deficit matters politically as anything other than a blunt instrument to wield against the welfare state. The deficit is an absolute emergency when it comes to making sure all Americans have health care, but an afterthought when it comes to cutting taxes for the wealthiest Americans.
Joy
I’m disgusted about this.
MB
Just finished watching the Obama press conference. My fellow political travelers are going to want to watch that. It was just . . . christ.