[GeronL]

The GOP got nothing in this except a debt commission that is going to make them choose between raising taxes and cutting defense.

They’d be voting to be blackmailed if this stays in the “deal”.

[AmericanInTokyo]

I note that there was a Dollar Buying mood this a.m. in morning sessions in Asia, in Japan at least, but that may change in the afternoon when the reality of this paper tiger, this trojan horse, this highwayman sham, is made more clear for currency traders. At any rate, Uno of Mitsui Sumitomo Bank here in Tokyo is saying that in the Fall, this debt problem is going to explode again, and then the Yen is going to climb to 70 Yen to the US dollar, at least.

I think there is no confidence at all in Obongo before the US TV cameras just a few hours ago, and this "deal". Once you look at the particulars, and that is exactly what the traders and analysts are doing, even though the Japanese media is hopelessly behind and are lap dogs for CNN, Reuters and the NYT/WaPo establishment (on this issue at least).