Great Liberal Handwringing Over Obama Defeat

Lefties on Hardball just can't handle the collapse of the Democrats today, as the president endorsed a debt plan that he had Harry Reid put forward that doesn't raise taxes.

In a press conference this afternoon, Senate Majority Leader Harry Reid unveiled a plan to raise the debt ceiling by $2.4 trillion through the 2012 elections while cutting spending--particularly military spending--by $2.7 trillion. He noted that the package, which he'll bring to the floor today, meets Republican demands for "dollar-for-dollar" spending cuts and no tax increases.

Senator Chuck Schumer, who accompanied Reid, expressed exasperation at the GOP's unwillingness to make concessions during the debt debate." We have moved in their direction so many times, and they havent budged," he stated. "There are 100 people in the House who dont care if we default, who are extreme and ideological, and we have not seen the Republican leadership resist that ... Those 100 people do not represent America."

In other words, Republicans played their hand with a proper understanding of how strong it was, while the president misjudged their resolve.