04/10/2011 12:01 am ET | Updated Jun 09, 2011

Sunday Roundup

After six grueling weeks of playing Government Shutdown Chicken, President Obama, Harry Reid, and John Boehner all blinked, then went to their respective corners to celebrate. Boehner, holding up $38.5 billion in spending cuts -- and a provision banning the use of government funds to pay for abortions in the nation's capital -- was cheered by the GOP caucus. Reid, having kept the Republican axe from falling on Planned Parenthood and environmental regulations, deemed the deal "historic." And Obama wrapped the agreement in the mantle of all-American cooperation: "Americans of different beliefs came together again." Meanwhile, non-Beltway-locked Americans looked on with incredulity at the irrelevance of a budget battle that won't create jobs, won't improve the economy, and will barely move the needle on delivering a balanced budget. Memo to the president: You show leadership by producing a good economy, not hailing a compromise that will actually hobble the economy.