All the fire, brimstone, sackcloth, and ashes emanating from the American left and right surrounding the debt-ceiling deal misses the big story, which is the following: America’s course for the next decade is trending libertarian, and Obama is about to surf that libertarian wave to reelection.
Here’s my prediction: a year from now the markets will be up, the economy will be growing, unemployment will be trending down, and Obama will be well positioned for winning a second term.
And it will be because of the debt-ceiling deal, and the politics initiated by it.
Meep meep.
Prometheus Unbound 