I was fairly pleased with the jobs speech last night, as I suspect the bulk of this community was as well. I also like what appears to be a tougher more pugnacious Obama 2.0. Hopefully he sustains it and I sincerely hope it works. He has a history of digging a hole and then extracting himself from it late-ish in the game. Look at his campaign as of September 14, 2008, the health care bill's passage, the lame duck negotiations. The outcomes on the latter two weren't great but they were fine, not real pretty to look at the process, but ok in the end. Can't say, though, that there wasn't a foreboding that the worst was yet to come.
Then came the debt ceiling fiasco. A real big hole. Now maybe the jobs speech and the American Jobs Act is the first step towards digging out of this hole, but Digby has a
great post from Friday afternoon that is very smart and very ominous. She explores how really deep the hole is.
If you want, you can skip my inadequate commentary and just go ahead and link to Digby's post.
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