How to Lose a Negotiation

The Wall Street Journal reports that Obama is "open to deal on debt cap". In January Goulsbee was saying that Republicans were "playing chicken with the debt ceiling and playing games potentially with the full faith and credit of the United States." Obama's press secretary this past week said "To hold hostage a vote…in return for an exchange for some proposal that one party wants is not the way to treat this issue. It's too dangerous to do it that way." Presumably, these guys are speaking for our President. Now that the debt ceiling is on center stage Obama is already conceding. What is wrong with the guy?

Supposedly, more spending will be cut. Do you think that our leaders will look at spending cuts in an intelligent or emotional way? If you think intelligent, take a look at this bridge I'm selling.