Barack Obama Announces the Terms of His Surrender on National Television

If last night you were busy watching a show about a cancer-patient who devotes his life to cooking methamphetamine while inadvertently destroying the life of any person with whom he comes in contact, instead of paying attention to national news — because the news lately has just been too depressing — then you may have missed President Obama's national address on a new debt ceiling deal that he and congressional Republicans managed to strike…

– a one-time debt-ceiling increase that would last through 2012;

– about $1 trillion in up-front spending cuts that wouldn't take place "abruptly";

– and a bipartisan committee that must report to Congress by November that would further reduce the deficit by looking at taxes/revenues and entitlement spending

Here's pretty much the long and short of how everyone emerges from the glorious day in American history…

Barack Obama loses (probably maybe).
Democrats lose for sure.
Republicans win!
Actual fiscally conservatives lose.
Tea Party still probably think they're losing.
Economy loses big time.

That is definitely not the same the same president who announced health care reform a year or so ago, is it? Looks like he had he was getting pushed around by Boehner and Cantor just minutes before the cameras started rolling, huh? Didn't you kinda keep expecting a bucket of pigs blood to drop down on him during that speech?

Tags: Barack Obama, Debt, Democrats, Economy, Medicare, Republicans, Tea Party