Normally an insightful writer and investigator, Matt Tiaibi has ventured into a prophesy game that is delusional at its core.

While it is true that Obama is invested more heavily on political advantage rather than economic advantages, the idea that moving way to the right like Clinton did to keep the support of independents is a strategy of failure. Remember how the Republicans rewarded Clinton for his move to the right in his second term.

Obama will reap no recognition from the right for going right.
He will be even more despised than ever by lies and false talking points alone. The independents will hold their nose and vote for Obama only if the Republican tea smells as scary as W Bush as in a Rick PErry or Bachmann ticket. Otherwise the middle roaders will easuly fall for the old "save the job creators" lie. The Jobs the jopb creators created were in CHina. In the last 10 years our job creators dropped the manufacturing sector in Maryland from 36% to 6%, half of those jobs went to CHina and the others simply defaulted and went bankrupt.

Secondly there is no fix yet. There is no vote in the Senate or the HOUSE.

The stock market is down 7% by the end of the day. Even if HEdge fund money tries to prop the market up at the end of the day it may barely break 12,000.

If the credit rating drops, despite threats from Wall St, the CIA and the Chamber of COmmerce, the additional money paid to interest on the debt will be 1 Trillion. So all the cuts will wash to zero, We pay more, we get less services and who ever is collecting our interest - will make a fortune.


Tea Party and Republicans in the House have basicly called in our loans world wide and brought this future confrontation to be discussed now, with the additional specter of a National default added to the discussion. As unwise as it gets, financially speaking.