Apparently averting an unprecedented default didn’t make the deal sweet enough for their taste. From the frontrunner:
“As president, my plan would have produced a budget that was cut, capped and balanced – not one that opens the door to higher taxes and puts defense cuts on the table. President Obama’s leadership failure has pushed the economy to the brink at the eleventh hour and 59th minute. While I appreciate the extraordinarily difficult situation President Obama’s lack of leadership has placed Republican Members of Congress in, I personally cannot support this deal,” said Mitt Romney, the former Massachusetts governor.
And his Tea Party opponent occupying the populist right, Minnesota Congresswoman Michele Bachmann, isn’t a fan either.
“Mr. President, I’m not sure what voice you’re listening to, but I can assure you that the voice of the American people wasn’t the ‘voice that compelled Washington to act.’ It was you that got us into this mess, and it was you who wanted a $2.4 trillion dollar blank check to get you through the election. Everywhere I travel across the country, Americans want less spending, lower taxes to create jobs, and they don’t want us to raise the debt ceiling.”
Unfortunately, as with the bailout of banks in 2008 (officially TARP, the Troubled Asset Relief Program), what was necessary for Wall Street here was also a good thing for Everyone Else.