Monday, September 26, 2011

What happens when you hold a shutdown and nobody comes?

That's what the latest showdown on capitol hill feels like. I think the House GOP has played out its leverage, at least when it comes to the usage of brinksmanship to get what they want. Their mistake was to blink the first time around and then try again with the debt limit, where the damage to the economy would have been much greater. I'm sure the wealthy backbone of the GOP was screaming in Boehner's ear. He had to come to terms much less than the Tea Party wanted, but they'd already been psyched up. Actually, I suspect if Obama had any balls he could have given them almost nothing if not nothing given that.

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