CNN International reports that massive tax increases, no social security or Medicare for those with savings and defense cuts are unavoidable. O has his victory via S&P.
The tax part is especially disturbing because inflation itself is a tax. It’s gonna get messy and sad.
CNN can spin until their wheels fly off, but the average American blames the President for economic troubles. Obama has some time left on the clock to cause more havoc, but it's too late for him now. He's going to pay in 2012, and so will the Democrats.
Unless we dust off John McCain and send him back in for round 2, Obama's officially a one term President, as of today.
Which is probably why CNN is losing so many viewers. All they have left are the welfare parasites, and crazed liberals still living at home demanding more of everyone elses paycheck.