Obama: Snookered?

A quick question for all the debt-deal haters out there.

It’s a fair complaint, I guess, that the deal gives Congress enough additional IOUs to help Obama skate past the election and into December, 2012 before the next crisis.

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But what if it doesn’t?

The last budget the White House presented was written up by Rosy Scenario. Ms. Scenario predicted 3.5-to-4.0% GDP growth, and unemployment trending down to under 8%. But those figures ain’t gonna happen. It seems as likely as not now that we’re due for a ride on the Double Dip Roller Coaster of Doom.

If that’s the case, the next “unexpected” crisis could come in October. And wouldn’t that be a surprise?

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