Obama’s Great Victory

Well, there appears to be a deal on the debt ceiling impasse, and it looks like President Obama got the things he wanted most out of the deal. And I’m all right with that.

 

President Obama went into this crisis with several goals, and he got most of them. First up, he was the one who got to go on TV and announce that the deal had been reached. He got all the glory and renown, while the true extent of his involvement is still unknown. This will be called by many as his great victory, and that is how he wished it. That’s his style — he makes the big speeches, lets others do all the hard work, then swoops back in to grab the credit.

 

Next, he got the matter settled through the next election. This whole debt ceiling mess is poison to his re-election bid, as it’s a constant reminder of just how profligate he has been with the public coffers. Spending has skyrocketed since he took office, as has the annual budget deficit and the federal debt. And this mess has been a constant reminder of that inconvenient truth. With this deal, the matter hasn’t been taken off the table, but pushed off the front burner — at least he hopes.

 

As for the details of the deal — to Obama, they’re pretty much irrelevant. It’s a ten-year deal, and the worst of it is backloaded past the next election — which will be, in all likelihood, Obama’s last race. He won’t need public approval any more past November 2012.

 

For the rest of us, though, those actually concerned with the details and how they’ll play out past that day, is the deal a good one?

 

I dunno. James Pethokoukis — who I generally trust — says that it pretty much makes tax hikes impossible, and while I don’t quite follow his logic, I’ll go along with that. And a lot of liberals are whining about the deal, so that’s another point in its favor.

 

It’s almost impossible for the average person to decipher big deals like this one. And I certainly have neither the patience nor the training to do so. Instead, I’ll rely on reading the augurs to come to my judgment.

 

Here, several people whose judgment I respect back it, while I lot of people whose judgment I have found sorely lacking in the past are opposed. On that basis, I’m going to tentatively say this is probably an acceptable deal.

The Magic Number
A Reminder
  • Anonymous

    This was not the hill we wanted to die on. It had every indication of being the sort of thing that could have hurt the GOP until well past the next election, which would have been a disaster.

    I’m glad it’s behind us. Now back to our regularly scheduled stagnant economy, high unemployment, silly foreign policy, and huge debt. These are things that Obumble cannot hide from.

  • What I am wondering is how much the Congress critters raised their own salary.

  • Anonymous

    It’ll be a great victory for americans if Obama can now stay off TV for a while and go back to golfing.

    Obama’s legacy is secure and it had nothing to do with this manufactured crisis.

  • Anonymous

    We lost again. We are at the point (almost) where we won’t be able to make the payments on the interest due, let alone whittle away at the principal – yet the debt limit has just been raised another 15% and apparently is now off the viewing screen until Obama’s putative re-election next year. For what? A modest cut in the rate of increase in spending (there are no real cuts here) now. But wait, there’s more – we promise we’ll cut even more later! 

    I wish Michelle Bachmann were the house speaker. This would have been really interesting. As it stands now, we have to hope that tool Grijalva from Arizona and his bloc of loonies will vote against this mess and that the conservatives can muster the remaining opposition necessary to kill this bill.

    • djdrummond

      Oh no, Lgbpop, we WON and we won big. Details in my own post later today.

      • Anonymous

        When the enbtire leftist media is saying they lost big, you can be sure it was we that lost!

        • djdrummond

          Facts be damned, huh 1crappie2?

          • Frank O’Connell

            Drummond is doing the Kabuki Dance he learned from Boehner. Facts don’t matter, just pretend you won.

          • Anonymous

            Gee thanks for that fact filled response Frank!

          • Frank O’Connell

            Here’s a fact. You lost.

      • Anonymous

        You’re not accepting comments on your post, DJ?

        • djdrummond

          Up to 45 so far, Bruce.  If you’re not getting in, it’s nothing I’m doing.

          • Anonymous

            Yeah, I don’t know what happened. When I checked again, they were right there. Sorry for the interruption! Carry on.

    • djdrummond

      Oh no, Lgbpop, we WON and we won big. Details in my own post later today.

  • Anonymous

    I’ll believe cuts are made when I see them.

    And when all members of Congress start flying coach.