Via Sam Stein at the Huffington Post, the deal struck Friday night apparently contained $1.5 billion in cuts to Obama's proposed high speed rail budget.
In this situation, people like me and others on the left will criticize Obama for caving on a major priority and cutting from a rail infrastructure budget that was too small to begin with.
People on the right will still make hysterical claims that Obama is a scary, African socialist-Muslim.
The only people that will be pleased by this kind of policy are the bland Washington punditocracy who may take it as a sign of moderation and seriousness. Unfortunately, the punditocracy has found itself almost comically unwilling to say anything good about any Obama policies.