The Real Story of What Went Down Today in DC

armstrongeconomics.com / By Martin Armstrong / March 1, 2013

I just got off the phone with REAL contacts on Capitol Hill. John Boehner is a country-club-Republican who stands for nothing of any true substance. He will cut a deal for the sake of cutting deals and believes you can split the difference over golf. He was not a fan of the sequester. Nonetheless, he barely held the slot as Speaker of the House that he cherishes so much and there was nobody who was his opponent.

Under his mantle, the Republicans have won ABSOLUTELY nothing. Each time Obama pushes and Boehner has caved in extending debt ceilings and agreeing to raise taxes. There have been NO spending cuts under Boehner. If he agreed with Obama this time, he would have been tarred and feathered while the Republicans would have split in a real bonfire of the vanities.

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