It's all rather paper tiger isn't.
The less reputable media (i.e. all or them) invented some news to fill the vacuum (of bad news) and now have been caught with their pants down, it's realities fault.
I repeat: despite they hysteria on MN about tax rises etc, I never once saw a single source that was actually credible. I'll be happy to correct that assertion if a published source can be provided. But for now that can be a £1 bet for a charity that's open to all 😀 (I've already offered $1 to a crowdfund if Obama wants to built the biggest ballroom in the world. I wonder if it could be on a ship and sail up and down the Potomac ?)