Economy

Sabotaging the President By Sabotaging the Economy

Kevin Drum compiled some choice quotes from various Republicans who are continuing to allow their true motives to emerge:

From conservative analyst Erick Erickson, explaining why Republicans should wreck the U.S. economy via default:

Obama has a legacy to worry about. Should the United States lose its bond rating, it will be called the “Obama Depression”. Congress does not get pinned with this stuff.

From Senate Majority Leader Mitch McConnell, explaining why Republicans shouldn't wreck the U.S. economy via default:

It destroys your brand and would give the president an opportunity to blame Republicans for a bad economy. Look, he owns the economy. He has been in office almost three years now. And we refuse to let him entice us in to co-ownership of a bad economy.

From James Pethokoukis, tweeting excitedly last night about the brighter side of bad economic news:

Ouch!....Obama 2012 nightmare!....Alarms bells must be ringing loudly tonight across Obamaland....Panic at the WH?....GOP nomination very much worth having.

Nihilism, plain and simple. If this was about some sort of distant or ambiguous issue, like foreign aid or redistricting, it might be somewhat passable, but the current economic situation and any further damage done by the Republicans (for the sake of cash and prizes) impacts each of us in a very personal and profound way. They can't be allowed to get away with this.

  • I just read this am on another blog (forget which one as I have been reading them since 5am and it is now 9am) that Eric Cantor has moved money in his portfolio, so that if we do default he will make out like a bandit. In other words, he’s into hedge funds, and betting we will default so he can make more money, meanwhile, demanding the rest of us adhere to an austerity program. Wasn’t that nice of him??

  • Utterly craven bastards.

  • bleedingheartliberal6

    Here is what I’m interested in – but I know there is no way to find out…..I wonder if some of those people (reporters, bloggers, congressmen, etc.) on the fringe, who say that there will be minimal or no impact if they DON’T raise the debt ceiling, have moved around their stock portfolios in recent weeks. I would bet my paycheck that they have…………bunch of putz’s!

  • Shows how badly disconnected they are from mainstream American voters. When I heard Boehner say the other day that “…the American people won’t tolerate any tax increases…” I just about spit out my diet Dr Pepper. I mean, has he looked at any polls lately?

    A wide majority of Americans is looking at this situation from a very pragmatic viewpoint. They are fed up with failed ideologies and simply want leaders to do whatever they can to help make day-to-day life a little better. Mainstream American voters get that the “job creators” have benefited from government largess for nearly a decade now so have had plenty of time to create all the jobs we’ll ever need if tax cuts indeed are what spurs them to do that. They get that the economic collapse and resulting Great Recession happened on the Republicans’ watch and that it will take far more than 2-1/2 years to straighten out. They also get that in this debt ceiling debate Obama has been the only adult in the room. A large majority support his stance.

    The Republicans are in the process of hoisting themselves on their own petard but won’t realize it, much less admit it, until the evening of November 6, 2012 when they see Obama re-elected, Senate Democrats gain seats and Democrats regain the House majority. If you think there’s a lot of in-fighting and back biting amongst Republicans now, just wait until November 7 , 2012.

  • dildenusa

    OK. I admit I looked up nihilism on wikipedia. Nihilism commonly refers to nihilistic existentialism, however in this context I believe this to be moral nihilism.

    Obviously working and middle class people have been living close to the edge for 30 years ever since Ronnie Raygun sold the nation a bill of goods and pulled the wool over everybody. Now his legacy is one of medieval feudalism. But just like the middle ages when the Bubonic Plague killed off almost half of the world’s population and even struck the lords of the manor, the top 2% of families today are not immune from calamity or depredation.

  • Erickson is right! We all learned about the Great Hoover Depression in school, after all.

    Oh… wait.

  • trgahan

    They talk like it is going to work; however poll numbers and campaign contributions are showing a very different story about how the American people are seeing this debate. They have backed themselves so far into a corner on this one, that their screwed when the debt ceiling is raised and nothing bad happens.

    They make the argument that “Every American is making cuts and wondering why the Government is not doing the same!” They leave out that those same Americans are more interested in increasing their revenue than stripping their lives down to essentials (or worse) and hoping for the largress of the wealthy. Unlike the Government, I’m just glad I’m not being made to give a 1/3 of my paycheck to a industry posting the highest profits in the history of captialism.