Shuddering Foundations

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Here’s one thing to keep an eye on as we moved toward ~ June 1st. Over the last few days there’s been a growing jitteriness on Wall Street and in the DC stakeholding communities. Like, shit, this really might happen. I don’t see any panic yet. But the complacent assumption that obviously it’s going to get worked out is starting the fray or at least come under some strain.

What appears to have gone on over the last 4 or 5 days is the White House just keeps saying no to new or expanded GOP demands. Of course, they’ve already agreed to or tentatively signaled their willingness to agree to quite a lot. So there’s no hard line or Michael Corleone-style ‘my offer is nothing.’ But they do seem to have come to a line. At least for now.

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