So this has officially reached sickening proportions. Many didn’t think the Republicans were stupid/evil enough to push it this far, and then go for the throat of the country when it was exposed, but those folks haven’t actually been following what the Republicans have been doing or saying for the last little while.
To rewind a bit, the current Republican leadership voted 19 times to raise the debt limit under Bush. They did so with no protest, no riders, no taxes (hence the constant need to raise the limit), multiple expensive wars, expanding “entitlements” (Med Part D), and with what could damn near be called enthusiam. Over the 8 years of the Bush presidency, and all his tax cuts, we ended up with Zero (0, that’s none, nada, zilch) net jobs created.
That’s the big rewind. The little rewind has Eric Cantor (R-Douchebag) walking out of the debt ceiling discussions after Democrats mentioned changing the tax depreciation limit for Rush Limbaugh’s jet from 5 years to 7 years (amoung many other loopholes that mostly benefit people who, from the amount of drugs and Haitian prostidudes they consume, seem to be doing just fine). That was simply too much for Eric to stomach, so he had to walk out of the talks. (this was two weeks ago).
Now, after that spectacular failure of leadership,they want to double down and totally fuck the country. What is the problem now? Any compromise *at all*.
DES MOINES — The decision by House Speaker John A. Boehner to scale back budget talks with President Obama unfolded as Republican presidential candidates were campaigning against any outcome that smacks of compromise, underscoring divisions in the party over whether to raise the federal debt limit.
The action by Mr. Boehner, which was announced Saturday night, illustrated just how difficult negotiations had become in this political climate to reach agreement on a sweeping plan to lower the deficit without an infusion of new tax revenues.
Representative Michele Bachmann of Minnesota seized on the issue and used the first television commercial of her campaign to highlight her opposition to raising the debt ceiling. She drew enthusiastic applause on Saturday as she amplified her position.
“It’s time for tough love,” Mrs. Bachmann told supporters at a rally. “Don’t let them scare you by telling you that the country’s going to fall apart.”
So now the frontrunner in the Republican joke parade has crossed over completely into insano-parody. One needs to realize the context of Mrs. Bachmann’s comments…her entire campaign is about scaring people about how the country is going to fall apart under Obama.
One of the quickest ways to do this, as pretty much everyone who has a rational understanding of world economics agrees, is for the U.S. to default on our debt. Despite Mrs. Bachmann’s idiotic statements to the contrary (and her idiotic economic statements are legion), not raising the debt ceiling when government revenues are at historic lows (as perecentage of GDP), and we are still trying to recover from a recession, is about the worst thing one can do for the economy.
This is putting somebody who is starving on a diet, and then burning down their pantry. It can only lead one direction, as we’ll note when we get to the jobs numbers next.
I mentioned that jobs reports. The Republicans loved it. It’s what emboldened them to push for an absolute destruction of the economy…because they now feel they can safely blame it on Obama. (yea, they campaigned on “jobs, jobs, jobs”…no they haven’t yet put forth an actual jobs bill (they claimed trying to repeal “Obamacare” was their “jobs” bill)…yes, it only shows what an evil/partisan/liberal I am to point this out…yes that quote from Boehner about “Where are the jobs?” should have resulted in him being struck down by lightning in a just universe with an engaged God).
Here’s the jobs numbers….
WASHINGTON — Facing a dismal jobs report, President Barack Obama called on Congress Friday to end uncertainty over their debt standoff and pass a litany of administration-backed proposals, including a payroll tax cut extension and three free trade agreements.
Obama spoke from the Rose Garden shortly after the release of fresh figures that showed employers added just 18,000 jobs in June, the fewest in nine months, and the unemployment rate rose to 9.2 percent. The president said the numbers were yet another sign that a full economic recovery is still elusive.
I want to talk about those numbers real quick, and the notion of “small government” the Republicans keep pushing. That rising unemployment number? It’s a reflection of a “smaller government”, literally. Here’s what underlies those 18,000 new jobs…
The actual: private payrolls up 57,000; government payrolls down 39,000.
“It’s as if the economy hit a brick wall in May,” said [Nigel Gault of IHS Global Insight]. In the three previous months, payroll jobs had increased an average of 215,000; the May-June average was 22,000. Keep in mind that, with an expanding labor force, the economy needs 100,000 to 125,000 new jobs a month to prevent unemployment from rising. Reducing it requires even more job-creation.
It isn’t clear what happened. Standard explanations for the economy’s sluggish first half of 2011 cite three causes: bad weather (flooding in the Midwest); Japan’s earthquake, which depressed auto production by disrupting supply chains; and high oil prices, which sapped consumer buying power
Yup, that’s right, it’s more teachers and government workers being laid off. Same exact thing as I mentioned in June.
So…what…pray tell, was that brick wall the economy hit in May? Oh yea….(and yes…I mentioned this when it happened)
NEW YORK (CNNMoney) — It’s official: The U.S. government hit the debt ceiling on May 16.
Treasury Secretary Tim Geithner told Congress he would have to suspend investments in federal retirement funds until Aug. 2 in order to create room for the government to continue borrowing in the debt markets.
Yes, that’s right. The Media (fuck them to hell) has been operating under this pseudo-lie for the last two months. Every time they ever mentioned the debt ceiling, they should have mentioned how we hit it a couple months ago, and have been using tricks since then to pay the bills. They should mention how China thinks we’ve already defaulted. Instead they keep talking as if A) the “debt ceiling” is the same as the debt, or that not raising it somehow alleviates our debt and B) AS IF WE HAVEN’T ALREADY CROSSED IT.
That “brick wall” our economy hit in May? IT WAS THE DEBT CEILING!!!
Let’s think about this for a second…hmmm…Republicans refusing to raise the debt ceiling (err,”brick wall”)…economy slows….Republicans add more bricks to the wall, saying how it’s all Obama’s fault…idiotic Media doesn’t explain two simple facts that expose this bullshit….the economy slows….Republican governors fire a bunch of people…unemployment goes up….economy slows….Republicans add more bricks to wall…the economy slows….unemployment goes up….and then the most important thing to Republicans happens…
So to the Republicans it’s very much worth it to destroy the full faith and credit of U.S. debt, push unemployment up, and slow the economy, all because it’s good for them politically. It’s about priorities, people, and every single one of you, by now, should know exactly what those Republican priorities are. The Senate Majority leader laid it out, early on.
“Over the past week, some have said it was indelicate of me to suggest that our top political priority over the next two years should be to deny President Obama a second term in office,” the Senate Republican leader will tell the conservative Heritage Foundation, according to excerpts of his speech provided to POLITICO.
“But the fact is, if our primary legislative goals are to repeal and replace the health spending bill, to end the bailouts, cut spending and shrink the size and scope of government, the only way to do all these things is to put someone in the White House who won’t veto any of these things,” the Kentucky Republican will say. “We can hope the president will start listening to the electorate after Tuesday’s election. But we can’t plan on it.”
So that’s the only way they can end Medicare and Medicaid, and raise the retirement age and *extend those tax cuts for the rich*….get Obama out of office. The only way they can do that…is for the U.S. to default on its debt (*or flirt with the idea long enough to screw up the global economy…which they’ve already done*)…and have the economy tank.
Once that happens our corporate media will simply pass along the messages, the unlimited spending by the Koch Broth, et. al. during the campaign will turn everyone off with the ugliness, and we very well might end up with country of Michelle Bachmann’s dreams, where the only thing the Government does is tell you who you can’t marry, sleep with, drink with, abort, or die for. Government “services” and taxes, will be a thing of the past.
We will finally have achieved the Tea Party paradise…no taxes, no government, only Freedom.
Just like Somalia.
UPDATE: One final note on this, and it’s a phrase that has been chapping my hide. Here’s the quote…
Before the meeting, GOP leaders took a hard line against tax hikes as part of any debt ceiling deal.
“Everything is on the table except raising taxes on the American people,” Boehner said. “We are not going to raise taxes on the very people that we expect to reinvest in our economy and to help create jobs.”
That statement there, the part I bolded, IS A LIE. Everything, literally, is NOT on the table, if raising taxes is not on the table. You have, in fact, said the only thing that’s on the table is the “other guy’s” food. This is an absurd position, that’s is LITERALLY A LIE.
To further annoy my logic sensors, the jobs that the people he’s talking about create (Rush, for example) WOULD ACTUALLY EXIST if they were created for the reasons he is implying they do (that is…the wealthy have extra money and, naturally, spend it to hire people regardless of demand…yes, I know it doesn’t make sense, but that’s how he’s implying it works. It’s “supply side” economics. To understand why this doesn’t work, and why spreading the wealth a bit works much better under certain circumstances, watch this short video. Short version…you run a store…do you need more employees to service one guy making $1B/yr buying one hamburger a year, or 10,000 people making $100K/yr buying 10,000 hamburgers.).