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Obama’s message: Ante up
By Ruth Marcus Washington Post Writers Group
Posted: November 20, 2012 4:22 p.m.
Updated: November 21, 2012 5:00 a.m.
WASHINGTON -- As the debt ceiling loomed last year, President Obama believed Republicans had him over a barrel. They had won the midterm election. More important, calling the GOP’s bluff seemed too big a bet: defaulting on the debt risked plunging the global financial system into chaos.

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