Surprising outcome? Say what? Draconian deficit-reduction was the whole idea of this sword of Damocles.
Anyway, looks like we're gonna get double-dip. Conventional wisdom -- and Mitt's strategy, I'm sure -- will be that this shit lands on Obama's shoes. Is there anything he can do to reverse this? I don't mean anything substantive -- it's far too late for that. I mean something political. Can he sell the idea that the GOP drove us into recession with their ideological refusal to tax the rich? Can he sell anything at all?
Update: Lest "surprising outcome" look cryptic, that was how the story was headlined last night. Some editor clearly thought better of it.