Jon Stewart Takes On Obama's Debt Ceiling Address: 'Did The President Just Quit?' (VIDEO)

As the Aug. 2 deadline for raising the nation's debt ceiling approaches, Jon Stewart continues to take note of the ridiculous back-and-forth between President Obama and the Republicans in Congress. On Tuesday night's "Daily Show," Stewart focused on Obama's Monday night address and how it's starting to seem like the President is giving up.

First, Obama warned in his speech about potentially serious damage to our economy if the debt ceiling is not raised, but Stewart felt the message was undercut slightly by the "golden-chaired red carpet" room (or the "I killed bin Laden room" as it's known) in which he was giving the speech:

"Isn't there any way to do the 'tighten your belt' speech from a room that doesn't look like the foyer of the Vatican?"

GO HERE to see video and more.