The very serious cable news media (and a considerable chunk of the blogosphere for that matter) were preoccupied with safe, superficial sports and/or poker metaphors: who won, who lost, who "doubled-down" and so forth. After all, covering the wonky aspects of the policy itself is no fun and involves math.
The Republican Party, meanwhile, having been responsible for the bulk of the debt in the first place, was allowed to get away with sabotaging the stability of the global economy as the centerpiece of its plan to subsequently sabotage the president. At the same time, one of its congressional leaders, Eric Cantor, was short selling government bonds -- a blindingly outrageous conflict of interest that ought to vindicate Pete Rose for any comparatively trivial wagering sanctions he continues to endure.
The Democratic Party and the White House, paralyzed by fear (fear of taking an aggressive posture for fear of losing the fickle, insufferable middle), helped to push the Overton Window farther to the right.
Far-right conservatives and tea party activists continued to illustrate their willful inability to grasp an even grade-school level understanding of the economy and governing.
The progressive left was out-hustled by far-right activism yet again...
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Bob Cesca @'HuffPo'
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