As of this writing it appears that the debt deal will win a successful vote in both houses of Congress not because it's worth a damn but simply because everyone is tired, the voters are mad as hell and nobody really knows what would happen if the U.S. can't borrow more money. The real terrible thing is that like Obama Care, nobody really knows what's in this thing because no one has really had the time to examine it. And yet, though it in itself does nothing to solve the problem there is no question that the nature of the debate has changed and with it, perhaps the direction of the country. The real negotiations begin almost at once and--at the risk of being repetitious--the election of 2012 is certain to be one of the most important in the history of the country. I'm going to wait for the result of the vote to speak more on the actual deal and to try to explain to our non-American readers just how weird this country can really be in regard to its finances...as if they haddn't figured that out already. So, I'm off to count votes and will be back tomorrow...Oh, by the by, the manufacturing numbers which came out today were horrible. Wonder what the spin will be for those.
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