The markets have spoken. Over the last 2 days, since the "deal" was announced the markets have responded by falling 2.3% for the Dow Jones Industrials to 3.2% for the NASDAQ. For all of the last month all you could hear on the financial news stations was about the need for "Washington to clear out the uncertainty and the markets will rally" well, not so much.
What has been interesting is hearing the Wall Street Journal, New York Times, MSNBC, CNBC, Bloomberg all start talking about how "now is not the time to reduce spending" "the deal is a blow to economic growth" as if this is some how a surprise. The "MSM" was happy to play the horse-race game and talk about whether Obama or the Republican's had the upper hand in the debt discussions, but never did they actually report on what is the actual state of the debt vis a vis the economy.
Republican's were everywhere talking about how horrible the debt was for the economy (a falsehood), and Democrats either agreed or didn't get on TV. Failure all around.