STEVE HAYWARD: “I understand why Tea Partiers and even conservatives who drink decaf might think the debt ceiling deal isn’t very good, even allowing for the current strength of forces on the political chess board. But judging from the UK papers on offer this morning here at Heathrow airport, Obama has had his head handed to him. . . . And so we have the best of both worlds politically: a deal that leaves the Tea Party unsatisfied and therefore fired up for the next battles and election cycle, and a demoralized liberal base that can’t come to grips with the fact that socialism is over because we’ve run out of other people’s money—a point made in Toby Young’s blog on another British paper today, The Telegraph.”
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