Cliff Rumors Start Early As Lindsey Graham Says "Obama Has Won"
As largely expected, Sunday would be a day marked by rumors, anti-rumors, headfakes, jukes, denials, counter-denials, and much more groundless speculation if zero facts, however without an open market reacting to every single headline like a collocated stung dog. Sure enough, in the first such rumor of the day, we just had Republican Senator - a long time opponent of the Norquist tax pledge - Lindsey Graham, pushing for his agenda in the same way that the Greek finance ministry would unleash perfectly wrong rumors to the FT and Reuters, who said on Sunday that chances for a small "fiscal Cliff" deal in the next 48 hours were "exceedingly good" and that President Barack Obama had won: i.e., taking an opinion and making it fact - something seen so often in the European negotiating tactics. "I think people don't want to go over the cliff if we can avoid it," Graham said on Fox News Sunday. Of course, how Graham views the world, and how potentially filibustering Senators do, not to mention the majority of Congress do, is a totally separate matter.
"This deal won't affect the debt situation, it will be a political victory for the president and I hope we'll have the courage of our convictions when it comes time to raise the debt ceiling to fight for what we believe as Republicans, but hats off to the president, he won," Graham said.
And hats off to Graham for speaking for himself if not anyone else. As to whether the president has won, tune in much later today after the emergency Congressional meeting takes place late Sunday, and especially after tomorrow's follow up GOP meetings. Something tells us Graham will be, five days ahead of Boehner's reelection vote, dead wrong.