A Prediction for the 2012 Election
The Tea Party had it’s say in the debt ceiling negotiations. The president pleaded with the Republican controlled House of Representatives to raise the ceiling and do a grand bargain to cut the debt by $4 trillion. Instead we saw a delay to the last day before default and an inconsequential debt reduction law.
Now the country will most likely have to pay higher interest on treasury notes and bonds. Of course the Tea Party will deny responsibility for this situation.
It is a good bet the president knew that this would be the outcome if there was no $4 trillion agreement. Being the mild-mannered man that he is, Barack Obama did not spell out the consequences. As a leader he too has failed.
There is no indication that the next president, a Republican, will manage this nation any better than Obama. We will hear broad generalities that will be as meaningless as Obama’s “Change you can believe in.” The nation will be fed up with Obama and will elect the GOP nominee with fingers crossed and lots of prayer.
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