Polling on the new "super-committee" on deficit reduction, CNN has good news, bad news, and (arguably) good news within the bad news. The good news is that 63% want to increase taxes on the wealthy, the bad news is that 57% want "major cuts in domestic spending." The good news within the bad news is that people obviously have no idea what domestic spending actually is. "Nearly two-thirds say no to major changes to Social Security and Medicare," we're told. So the good news within the bad news is that the deep cuts in domestic spending everyone wants are impossible -- which is good, because they would be stupid. Through the process of elimination, soak the rich it is.
Polling the same issue, Gallup finds that everyone wants compromise -- except the 'baggers.
Senate party leaders have announced their picks for the super-committee and one of Harry Reid's choices is characteristically idiotic. Fake dem Max Baucus will sit on the committee, making certain that conservatives have most of the votes on the Senate side. Was Joe Lieberman busy? Can't anybody here play this game? (For a differing opinion, check Steve Benen -- but I'm pretty sure liberals will wind up cursing Baucus before all is said and done).
The word of the day on Wall Stree is "Yikes!"
RNC head Reince Priebus says that the GOP's poll numbers are nosediving because people don't like Obama. No, really.
Finally, John Nichols calls BS on GOP triumphalism over the recall elections last night. You don't lose two senate seats to a recall and get to declare yourselves the winner. The Democratic Party of Wisconsin agrees.
