Tipsheet

Speaking with "Forked Tongue"

Carol Platt Liebau

Carol Platt Liebau | July 26, 2011 1:14 PM

Not long ago, some conservatives like Sen. Jim DeMint charged that the Obama administration was deliberately trying to create a panic over the possibility of default for its own political advantage -- a serious charge, by any measure, against a President who's supposed to be safeguarding the welfare of the entire republic.

Well, it appears that DeMint and others were on to something. Even as White House communications directorDan Pfeiffer insists that failure to raise the debt ceiling "could potentially put us towards a depression," it seems that The White House has secretly been assuring major bank executives that default simply will not happen.

Talk about practicing the politics of cycnicism . . .