No Friday evening column, as the mother of all political news stories – or the big one this fortnight (a Brit term – sorry) – is still breaking. A full column will follow tomorrow, when the dust settles. But there will be no government shutdown, maybe. The real vote on whatever was agreed on comes next Thursday, when tonight’s extension expires. We’ll see.
As for now, everyone is angry, and no one quite knows the actual details of the compromise, or whatever it was. But one must deal with the underlying notion here, which Obama clearly buys into, that removing forty to eighty billion dollars from the economy – money people would use to, you know, buy things – is the right thing to do.
But that doesn’t exactly assure prosperity and jobs all around. Actually it assures the opposite. But that is now the accepted wisdom. The problem is finding a way to explain just how nutty a notion that is, with appropriate supporting detail.
And that must wait until what just happened, or didn’t happen, becomes clear. So it’s time to do some digging, in the dust.