Friday, July 29, 2011

Nonpartisan evaluation of the debt ceiling debate

This debt ceiling debate is getting crazier by the day. Republicans fighting over whether to support their own leadership's plans, tea partying hobbits declaring war, and Obama lecturing us to eat our peas.

Well, this morning we got a brutal, nonpartisan evaluation of the situation. This was the top story on the Drudge Report:

Hat tip: @bccohan
Yep. Second quarter GDP results came out, a disappointing 1.3%, less than the expected 1.9%.

Lots of scary articles on Drudge this morning. Gold is soaring, and the Dow plunged 125 points on the opening bell. Apple apparently has more cash on hand than the U.S. government. And consumer confidence at a two year low.

Oh well. It's all Bush's fault, right?

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