Barack Obama Crumbles

It's a shame to see how this US debt saga ended: Republican victory, aka the worst possible thing for the country at this moment. In the US political arena, I often see the Democrats act as a check and balance to the insane Republicans, who've only become less mentally stable over the past years with the emergence of the Tea Party.

The debt deal that's been agreed sees the spending cuts demanded by the Republican Party as a whole, the spending cap that was a key demand of the Tea Party. But the Democrats demand of increased taxes, so as to raise more revenues, was not a part of this deal. Medicare and social security seem safe for the time being - they've been ringfenced, I hear - and the raising of the debt ceiling might give Obama some time to negotiate some tax rises, which would doubtless help in alleviating the US' trillions of dollars of sovereign debt.

This looks like another blow to Mr Obama, and seems to me another example of the President's inability to back up his fine rhetoric. A part of me even wishes that Mr Obama loses the 2012 election, so that the Republicans can get into office during this difficult period - be it Romney or Bachmann -, just to ruin the Republican brand name and get a new Democrat with a little more experience into office.