Still sees a winner when he looks in the mirror.
Obama got a couple of big gains here: one being putting further debt ceiling nonsense off until after the 2012 elections – a big sigh of relief from the West Wing – and left open the juicy possibility of allowing the huge Bush tax cuts to expire at the end of next year.[...]
Here's the thing: if the shape of politics change, then this deal will change. If Democrats retake the House in 2012 – unlikely but not impossible at this point – and hold the Senate and White House, then they can sit down and take this all apart again. And if by 2013 there is an economic recovery underway, then it'll be so much easier.
If the Republicans win the White House, Senate and House – more likely – in 2012, then they can do what they like and this deal won't preclude them from doing anything differently.
[...]
Anyway, here's the good news: at the end of September this year the US federal budget runs out. Remember how much fun that last minute dealing and wheeling was last time? Well, get ready to rumble. Again.
Mr Obama will have secured the principle that a default is not threatened again during the election campaign, but little else.
I believe that was his one serious concern.
....but hey, do what you want....you will anyway.
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