Matt Taibbi, Rolling Stone:
The general consensus is that for the second time in three years, a gang of financial terrorists has successfully extorted the congress and the White House, threatening to blow up the planet if they didn't get what they wanted.
Barack Obama has surrendered control of the budget to the Tea Party, whose operatives in congress used the same suicide-bomber tactic, threatening a catastrophic default unless the Democrats committed to a regime of steep spending cuts without any tax increases on the wealthy.
Commentators everywhere are killing the president for his seemingly astonishing level of ball-less-ness. Both the New York Times house editorial and the Nobel prizewinning liberal columnist Paul Krugman are insisting the president should have invoked extreme measures to counter the radicals on the other side, using emergency legal tactics to unilaterally raise the debt limit.
The popular take is that Obama is a weak leader of a weak party who was pushed around by canny right-wing extremists. Observers like pollster Sydney Greenberg portray Obama and the Democrats as a group of politically tone-deaf bureaucrats who fail because the public associates them with a corrupt government that benefits the rich and connected.
The Democrats aren't failing to stand up to Republicans and failing to enact sensible reforms that benefit the middle class because they genuinely believe there's political hay to be made moving to the right. They're doing it because they do not represent any actual voters. I know I've said this before, but they are not a progressive political party, not even secretly, deep inside. They just play one on television.
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