President Barack Obama reveals the purely political calculations behind his strategy in the debt ceiling negotiations. Not only does he reveal that he has intimate knowledge of polling on the issue, but he also describes the GOP leadership as being boxed-in due to previous statements they’ve made.
Notice how nowhere in this response is there any discussion about what is best for the economy, the housing market, the dollar, the unemployment situation or the long-term health of entitlement programs. The entire calculation is political.
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