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“Creditworthiness is like virginity. It can be preserved but not restored very easily.”
TEN TAKEAWAYS FROM THE GREAT G.O.P. CAVE-IN1. President Obama won. For once, he held firm, and it worked.
2. The G.O.P. lost, and so did the Tea Party. Both saw their approval ratings fall to record lows.
3. It was a big waste of time.
4. The United States was also a loser. Its reputation in the eyes of the world was further damaged. U.S. “soft power” took another blow.
5. Republicans need remedial lessons in game theory. If you aren’t willing to go over the cliff, and your opponent knows that, there’s no point in engaging in brinkmanship.
2. The G.O.P. lost, and so did the Tea Party. Both saw their approval ratings fall to record lows.
3. It was a big waste of time.
4. The United States was also a loser. Its reputation in the eyes of the world was further damaged. U.S. “soft power” took another blow.
5. Republicans need remedial lessons in game theory. If you aren’t willing to go over the cliff, and your opponent knows that, there’s no point in engaging in brinkmanship.
--snip--
Source: The New Yorker
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