I don’t know how long “sugar-coated Satan sandwich” will stick. This phrase was coined by Representative Emanuel Cleaver (D-Mo), chairman of the Congressional Black Caucus. The debt ceiling skirmish resulted in heart burn all around. Lots of finger-pointing by Republicans at the Democrats and the President; Democrats right back at the Republicans. Was the S&P bedeviled by the political bickering all the way down to the designated wire with no revenue producing plan? Will anyone admit to a Faustian bargain?
Take away the sugar on this stack and things get spicy. Made me think of one of my old childhood treats.