The President will give a news conference later this morning, although I’ll be surprised if he has any big announcements about the resolution of the debt ceiling impasse. I understand he’s pretty much punted the ball back to Congress and told them they’ve got hours to make a deal.
Obama was willing to trade needless tax subsidies, some of which even Republicans donâ€™t like, for a separate tax cut that benefits private employers. This is, as of last week, exactly the kind of deal GOP leaders said they were inclined to support.
But when the president put it on the table, and set up the deal exactly as Republicans want it, they still said no. And remember, a payroll tax cut is the GOPâ€™s preferred approach to job creation.
… the modern G.O.P. fundamentally does not accept the legitimacy of a Democratic presidency â€” any Democratic presidency. We saw that under Bill Clinton, and we saw it again as soon as Mr. Obama took office.
So I have no idea how this impasse will, or can, be broken. Do read Andrew Leonard’s primer for teabaggers on what will happen if the debt ceiling isn’t raised.
Rupert Murdoch’s British press empire is in meltdown. British politicians are dissociating themselves from Murdoch as fast as they can.
However, I am skeptical the same would ever happen in America, even if a recently launched FBI investigation finds that Murdoch’s minions hacked 9/11 families. I’m betting that even now loyalists are putting together reasons why such hacking was justified. And I can already see Little Lulu leading the charge to smear and demonize anyone who was hacked.
So I think this British writer is wrong — if the FBI finds that the phones of 9/11 families were hacked, Fox News will not be finished. Too many politicians and bureaucrats owe their careers to Murdoch. They may be able to bring him down in Britain, but IMO he’s untouchable here.