No matter how you slice it, there's no denying how Obama is truly the master of the debate. This exchange is a sight to behold, and an impressive display of politics to study...Democrats, Independents, and Republicans (especially) need to all watch it: See the full Q&A exchange between Obama and the GOP at this link, on the C-SPAN module provided if you scroll down a bit.
I can't help but gloating slightly here -- only as a natural human reaction to the countless accounts of screaming, demonizing, and disrespect that's spewed forth from the lunatic fringe element of the GOP towards President Obama in his first year in office. It's been frustrating to watch. Most of it -- if not all of it -- has been totally unfair and the GOP have really given him no chance to act and preside in the manner that he is capable of.
However, yesterday Obama essentially volleyed all of the garbage the GOP has launched at him over the last year back in their direction...he did it in a direct manner, but of course with a smile on his face.
Not only did Obama have perhaps the best day of his presidency so far, in how he calmly and smoothly handled a barrage of questions from GOP leaders (if you even call those questions), but the unsung hero is Peter Orzag, Obama's cheif economic adviser (pictured with him at the top), who helped to debrief him before he went into the room.