re: #65 Targetpractice, Worst of Both Worlds

Only way it really works this time around is if the economic situation in this country is so bad, that people vote against Obama rather than for Romney. Hence the growing worry that the GOP may allow a default in the hopes that they can successfully pin it on Obama and run on “fixing” the resulting disaster.

That’s unlikely, since the GOP would catch blame for the default. The debt ceiling is likely to be raised but beyond that their isn’t much incentive for proactive behavior on the part of Republicans. Any major jobs growth would be credited to Obama, leaving Congress little incentive to act. Nobody wants to create a win they don’t get rewarded for, or at least no one in politics does.