March 20th, 2012
The Republicans really have nothing to offer. No legitimate economic policies, no sensible military strategies and dwindling chances come November. Since late last year, every week has brought new lows and ever diminishing returns in the GOP's presidential blood-feud. What does this mean? It's time for more phony tax cut/program slashing!
As Robert Reich writes:
"All that matters is the headlines.
"House Republican Budget to Propose Lower Income Tax Rates," says Bloomberg Businessweek. "Republican Budget Plan Seeks to Play Up Tax Reform," says Reuters. "GOP's Budget Targets Taxes," blares the Wall Street Journal.
Presto. Republicans have gotten what they wanted on the basis of saying absolutely nothing."
Indeed.
Showing posts with label gop bullshit. Show all posts
Showing posts with label gop bullshit. Show all posts
Tuesday, March 20, 2012
Wednesday, February 29, 2012
Fox News - Proud Member Of The RNC
Feb 29th, 2012
It should come as a surprise to no one that Fox News shapes and crafts their programming to fit RNC bullet points. However, it isn't often that one of their personalities actually reads them on the air.
It should come as a surprise to no one that Fox News shapes and crafts their programming to fit RNC bullet points. However, it isn't often that one of their personalities actually reads them on the air.
Friday, February 10, 2012
George Will Vs. The GOP On Defense
Feb 10th, 2012
A few days ago, conservative columnist George Will penned a withering critique of current Republican messaging on defense. He begins with nothing less than a rebuke of the entire Iraq misadventure:
"Hours — not months, not weeks, hours — after the last U.S. troops left Iraq, vicious political factionalism and sectarian violence intensified. Many Republicans say Barack Obama's withdrawal — accompanied by his administration's foolish praise of Iraq's "stability" — has jeopardized what has been achieved there. But if it cannot survive a sunrise without fraying, how much of an achievement was it?
Few things so embitter a nation as squandered valor; hence Americans, with much valor spent there, want Iraq to master its fissures. But with America in the second decade of its longest war, the probable Republican nominee is promising to extend it indefinitely." EMPHASIS OURS
In fact, all of the GOP contenders (with the exception of Ron Paul) are now in a mad dash to outdo one another in promising more wars, longer wars and bigger wars. The situation is out of hand and these positions are dramatically at odds with the will of the people.
A few days ago, conservative columnist George Will penned a withering critique of current Republican messaging on defense. He begins with nothing less than a rebuke of the entire Iraq misadventure:
"Hours — not months, not weeks, hours — after the last U.S. troops left Iraq, vicious political factionalism and sectarian violence intensified. Many Republicans say Barack Obama's withdrawal — accompanied by his administration's foolish praise of Iraq's "stability" — has jeopardized what has been achieved there. But if it cannot survive a sunrise without fraying, how much of an achievement was it?
Few things so embitter a nation as squandered valor; hence Americans, with much valor spent there, want Iraq to master its fissures. But with America in the second decade of its longest war, the probable Republican nominee is promising to extend it indefinitely." EMPHASIS OURS
In fact, all of the GOP contenders (with the exception of Ron Paul) are now in a mad dash to outdo one another in promising more wars, longer wars and bigger wars. The situation is out of hand and these positions are dramatically at odds with the will of the people.
Monday, November 14, 2011
Saturday, November 12, 2011
Why I Won't Be Watching...
Nov 12th, 2011
A number of readers have asked if will be liveblogging tonight's GOP "debate." My answer is NO. Of course... no. I just can't take it anymore. BooMan explains why it's pointless:
"Voters are not learning anything by watching these debates. They're just being misinformed and presented with an alternate reality that is quite different from anything normal people experience in their lives. Unless you are immersed in right-wing talk radio and Fox News, most of what they're saying doesn't even have a passing relationship to your understanding of the world. Their statistics are fabricated. The problems they identify don't even exist. Their solutions are not plausible on any level you might want to consider. It's really a lot more like pro wrestling than actual politics. Except it's actually less entertaining than actual politics, which proves they're doing it wrong. Even Herman Cain, who was providing some consistent comedic value for a while, is no longer funny now that he's trying to explain how many women he's never harassed. I know it's hard to write about a presidential campaign if you don't watch the debates, but I just can't do it. My capacity to imbibe The Stupid has been maxed out."
A number of readers have asked if will be liveblogging tonight's GOP "debate." My answer is NO. Of course... no. I just can't take it anymore. BooMan explains why it's pointless:
"Voters are not learning anything by watching these debates. They're just being misinformed and presented with an alternate reality that is quite different from anything normal people experience in their lives. Unless you are immersed in right-wing talk radio and Fox News, most of what they're saying doesn't even have a passing relationship to your understanding of the world. Their statistics are fabricated. The problems they identify don't even exist. Their solutions are not plausible on any level you might want to consider. It's really a lot more like pro wrestling than actual politics. Except it's actually less entertaining than actual politics, which proves they're doing it wrong. Even Herman Cain, who was providing some consistent comedic value for a while, is no longer funny now that he's trying to explain how many women he's never harassed. I know it's hard to write about a presidential campaign if you don't watch the debates, but I just can't do it. My capacity to imbibe The Stupid has been maxed out."
Monday, November 7, 2011
Sunday, November 6, 2011
Sunday, October 30, 2011
Down The Rabbit Hole With The GOP, cont...
Oct 30th, 2011
A short time ago, one of our favorite sites, The Political Carnival, highlighted an astounding piece from Republican strategist Ed Rogers. Writing earlier this week for the WaPo's "Insiders" section, Rogers casually stated the following:
"Even though Cain won’t be the nominee, his candidacy tells us a lot about the psychology of GOP activists.
Our team wants someone authentic, creative, fresh, bold and likeable.
And we don’t have much tolerance for too many facts or too much information.
In politics, a bumper sticker always beats an essay. Cain’s 9-9-9 is a bumper sticker; Romney’s economic plan is an essay. Perry’s rationale for giving the children of undocumented workers in-state college tuition rates is an essay. No hand-outs for illegal aliens is an effective bumper sticker." EMPHASIS OURS
This is not merely anti-intellectualism. It's the idolatry of rank stupidity. And that sums it up. What the Republican elites are apparently seeking, during the most complex economic crises of the post-industrial era, is the stupidest human being they can possibly find to run for the Presidency of the United States.
Sleep tight.
"Even though Cain won’t be the nominee, his candidacy tells us a lot about the psychology of GOP activists.
Our team wants someone authentic, creative, fresh, bold and likeable.
And we don’t have much tolerance for too many facts or too much information.
In politics, a bumper sticker always beats an essay. Cain’s 9-9-9 is a bumper sticker; Romney’s economic plan is an essay. Perry’s rationale for giving the children of undocumented workers in-state college tuition rates is an essay. No hand-outs for illegal aliens is an effective bumper sticker." EMPHASIS OURS
This is not merely anti-intellectualism. It's the idolatry of rank stupidity. And that sums it up. What the Republican elites are apparently seeking, during the most complex economic crises of the post-industrial era, is the stupidest human being they can possibly find to run for the Presidency of the United States.
Sleep tight.
Down The Rabbit Hole With The GOP, cont...
Oct 30th, 2011
by F. Grey Parker
The election might be a full year away, but the Republican field's long-shot contenders are already fighting to claim the title of "most insane" in order to suck the last gobs of cash they can from a spittle-dribbling donor-base of whack-jobs.
The flailing, sputtering and stunningly disconnected "presidential' campaign of Rick Santorum has fired a new broadside against Herman Cain. This new attack is predicated on Cain's being too Pro-Choice. You read that right. I am not making this up. Taking advantage of the confusion Cain expressed earlier this week on the issue, Santorum's media team is trying to raise money by casting a Cain Presidency as a major threat to the "unborn."
Cain is clearly terrified of this intra-psycho pushback. Today, he rearranged his messaging... again. He wants us to make no mistake; he is still a devoted member of the "stay barefoot, stay at home and use-a-wire-hanger" crowd.
via HuffPo:
"Cain clarified his stance Sunday on CBS's "Face the Nation," saying he is "pro-life from conception, period." He also stood by claims he made this Spring that Planned Parenthood is "planned genocide," and that the organization's mission to "help kill black babies before they came into the world."
The GOP continues its march into territory than not only a majority, but also a provable plurality, is opposed to entering.
by F. Grey Parker
The flailing, sputtering and stunningly disconnected "presidential' campaign of Rick Santorum has fired a new broadside against Herman Cain. This new attack is predicated on Cain's being too Pro-Choice. You read that right. I am not making this up. Taking advantage of the confusion Cain expressed earlier this week on the issue, Santorum's media team is trying to raise money by casting a Cain Presidency as a major threat to the "unborn."
Cain is clearly terrified of this intra-psycho pushback. Today, he rearranged his messaging... again. He wants us to make no mistake; he is still a devoted member of the "stay barefoot, stay at home and use-a-wire-hanger" crowd.
via HuffPo:
"Cain clarified his stance Sunday on CBS's "Face the Nation," saying he is "pro-life from conception, period." He also stood by claims he made this Spring that Planned Parenthood is "planned genocide," and that the organization's mission to "help kill black babies before they came into the world."
The GOP continues its march into territory than not only a majority, but also a provable plurality, is opposed to entering.
Friday, October 28, 2011
More Wheels Spinning...
Oct 28th, 2011
Or smoke and mirrors... pick any similar metaphor.
From HuffPost Hill:
"GOP TARGETS OWN NON-IMPLEMENTED LAW - House Republicans pivoted to #jobs today, they said, bringing to the floor legislation targeting a three percent withholding. Get rid of that withholding, they said, and you'll create #jobs. (Or job creators will, but you get the picture.) But the withholdingwas initially passed into law by the Republican majority in 2006, with the GOP supporting it 229 to 2. Democrats subsequently delayed its implementation. It's currently scheduled to go into effect in 2013, so the GOP's onslaught was against a law that exists only in theory and only thanks to them. (Boehner's office says the initial withholding was one part of a bigger bill, so the roll call isn't that meaningful. Our office says: Whatever!)"
This sums up what's wrong with just about everything.
Or smoke and mirrors... pick any similar metaphor.
From HuffPost Hill:
"GOP TARGETS OWN NON-IMPLEMENTED LAW - House Republicans pivoted to #jobs today, they said, bringing to the floor legislation targeting a three percent withholding. Get rid of that withholding, they said, and you'll create #jobs. (Or job creators will, but you get the picture.) But the withholdingwas initially passed into law by the Republican majority in 2006, with the GOP supporting it 229 to 2. Democrats subsequently delayed its implementation. It's currently scheduled to go into effect in 2013, so the GOP's onslaught was against a law that exists only in theory and only thanks to them. (Boehner's office says the initial withholding was one part of a bigger bill, so the roll call isn't that meaningful. Our office says: Whatever!)"
This sums up what's wrong with just about everything.
Friday, October 14, 2011
The Anti-Occupation Is Getting Crazy, cont...
Oct 14th, 2011
by F. Grey Parker
A reminder, supporters of the Occupation need to be wary of infiltrators, troublemakers and instigators.
As we reported earlier, the right wing freak out over the Occupy movement is elevating to new heights of paranoia. This morning, Andy Breitbart made ominous sounding pronouncements about his intention to "expose" the movement.
by F. Grey Parker
A reminder, supporters of the Occupation need to be wary of infiltrators, troublemakers and instigators.
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| Image via |
Monday, October 10, 2011
The "Uncertainty" Lie
Oct 10th, 2011
To hear the Republican party's current ranking members tell it, everything wrong with the American economy stems from "over regulation." This has created too much "uncertainty" and is the reason the engine of job creation has collapsed.
In particular, House Majority Leader Eric Cantor's (R-VA) entire economic message is based on this premise. A few weeks ago, he repeated his position, "By pursuing a steady repeal of job-destroying regulations, we can help lift the cloud of uncertainty hanging over small and large employers alike, empowering them to hire more workers."
There are more examples of this nonsense HERE, HERE and HERE.
Most experts have been growing increasingly annoyed listening to this skipping record. You don't have to be an ardent Keynesian to understand that the problem starts with demand. Lawrence Mishel of the Economic Policy Institute recently observed:
"There is a ... story, widely told by Republican politicians and business trade associations, which claims that business investment and hiring is being held back by uncertainty over future regulations and taxation. As Maine Senator Susan Collins said in introducing her bill to put a moratorium on all new regulations: “Businesses, our nation’s job creators and the engine of any lasting economic growth, have been saying for some time that the lack of jobs is largely due to a climate of uncertainty, most notably the uncertainty and cost created by new federal regulations” (Kasperowicz 2011). Her view has been repeated by others, including House Majority Leader Eric Cantor (2011) and the Chamber of Commerce (Donohue 2011)."
The table below presents the bureau’s data. As one can see, the number of layoffs nationwide caused by government regulation is minuscule and shows no evidence of getting worse during the Obama administration. Lack of demand for business products and services is vastly more important."
Here is the same data from the BLS crunched by the EPI in the form of a graph.
I have opined in the past that this "uncertainty" meme is not only dishonest, it is actually anti-Capitalist.
What the GOP has been arguing in favor of over the last decade is not unfettered markets. They want to rig the game, not set it free.
Pure Capitalism is built on the concept of accepting risk.
Today's Republicans are stipulating that there should be little or no risk.
They are determined to shield capital investors from the consequences of stupid or even dangerous decisions. Their message and their mission is to eliminate responsibility.
The sick irony, now that they also have declared that "corporations are people," is that they are actually doing what they have been arguing "liberals" have been trying to do for the last two generations.
The GOP is actively conferring victimhood on a group and trying to confer special rights and a special status.
It's not the corporation's fault... it's everybody else's fault.
The little dears...
To hear the Republican party's current ranking members tell it, everything wrong with the American economy stems from "over regulation." This has created too much "uncertainty" and is the reason the engine of job creation has collapsed.
In particular, House Majority Leader Eric Cantor's (R-VA) entire economic message is based on this premise. A few weeks ago, he repeated his position, "By pursuing a steady repeal of job-destroying regulations, we can help lift the cloud of uncertainty hanging over small and large employers alike, empowering them to hire more workers."
There are more examples of this nonsense HERE, HERE and HERE.
Most experts have been growing increasingly annoyed listening to this skipping record. You don't have to be an ardent Keynesian to understand that the problem starts with demand. Lawrence Mishel of the Economic Policy Institute recently observed:
"There is a ... story, widely told by Republican politicians and business trade associations, which claims that business investment and hiring is being held back by uncertainty over future regulations and taxation. As Maine Senator Susan Collins said in introducing her bill to put a moratorium on all new regulations: “Businesses, our nation’s job creators and the engine of any lasting economic growth, have been saying for some time that the lack of jobs is largely due to a climate of uncertainty, most notably the uncertainty and cost created by new federal regulations” (Kasperowicz 2011). Her view has been repeated by others, including House Majority Leader Eric Cantor (2011) and the Chamber of Commerce (Donohue 2011)."
Is it true? Are America's businesses desperately crying out against "regulation?"
In a word, "NO."
As it turns out, not only is it provable that this is bullshit but, even better, it is former Reagan aide and stalwart conservative economist Bruce Bartlett who has done just that.
"Evidence supporting Mr. Cantor’s contention that deregulation would decrease unemployment is very weak. For some years, the Bureau of Labor Statistics has had a program that tracks mass layoffs. In 2007, the program was expanded, and businesses were asked their reasons for laying off workers. Among the reasons offered was “government regulations/intervention.” There is only partial data for 2007, but we have data since then through the second quarter of this year.
The table below presents the bureau’s data. As one can see, the number of layoffs nationwide caused by government regulation is minuscule and shows no evidence of getting worse during the Obama administration. Lack of demand for business products and services is vastly more important."
I have opined in the past that this "uncertainty" meme is not only dishonest, it is actually anti-Capitalist.
What the GOP has been arguing in favor of over the last decade is not unfettered markets. They want to rig the game, not set it free.
Pure Capitalism is built on the concept of accepting risk.
Today's Republicans are stipulating that there should be little or no risk.
They are determined to shield capital investors from the consequences of stupid or even dangerous decisions. Their message and their mission is to eliminate responsibility.
The sick irony, now that they also have declared that "corporations are people," is that they are actually doing what they have been arguing "liberals" have been trying to do for the last two generations.
The GOP is actively conferring victimhood on a group and trying to confer special rights and a special status.
It's not the corporation's fault... it's everybody else's fault.
The little dears...
Friday, September 23, 2011
Warren Is Scaring The Hell Out Of The GOP
Sept 23rd, 2011
"Washington Is Rigged." So said Elizabeth Warren last week in announcing her bid for the Massachusetts senate seat now held by Scott Brown.
Well, she certainly has already caused a stir. Robert Kuttner notes:
"Elizabeth Warren’s surprise lead in Massachusetts polls only days after she got into the Senate race to oust Republican Scott Brown has thrown GOP operatives off balance.
Their first storyline was that Warren was either a creature of the Beltway or a pointy-headed Harvard professor. Neither seems to be sticking.
On Tuesday, when the Democratic-affiliated polling firm, Public Policy Polling, reported Warren narrowly leading Brown, 46 to 44 among likely voters, Brown spokesman Colin Reed put out a statement contending that "we have always known that Scott would be the underdog against whichever candidate wins the Democratic primary next September."
But this past summer, before Warren enjoyed decent name recognition, Republicans were touting early polls showing Brown leading Warren 53-28, and declaring him a winner."
The establishment GOP is scrambling. Scott Wong and John Bresnahan carried some of their water in a borderline hit-piece over at Politico yesterday. The article casts doubt on Warren's integrity by alleging a "lack of transparency" during her tenure as the head of the Congressional Oversight Panel which controlled TARP. Wong and Bresnahan should be ashamed. The fact that the panel adhered to all of the requirements placed upon it by congress and that congress has all of the information she is portrayed as having kept from the public is spun to the margins. It's not on a website for the masses, you see.
One wonders if the Wong/Bresnahan piece hadn't been ghost-written by longtime foe, Rep Patrick McHenry (R-NC).
This week also saw the GOP's fear of Warren exposed elsewhere in the form of some truly frantic antics, as Julie Ryan Evans points out:
"When it comes to politics, we've seen so many crazy moves and outrageous tactics, we're almost numb to them, but I have to say I'm shocked by the Massachusetts Republican Party's latest attack. They are demanding that Harvard University stop paying Democratic Senate candidate Elizabeth Warren her salary for doing her job as a professor there.
Their reasoning, according to the Boston Globe: It sends a message that Ivy League schools support Democratic candidates. Can you say desperate?
The salary is in exchange for her services to the university. She will certainly be busy campaigning, but lots of professors have outside employment. She will still be expected to fulfill her obligations to Harvard, and the salary is just in exchange for those obligations, not to fund her campaign."
"Washington Is Rigged." So said Elizabeth Warren last week in announcing her bid for the Massachusetts senate seat now held by Scott Brown.
Well, she certainly has already caused a stir. Robert Kuttner notes:
"Elizabeth Warren’s surprise lead in Massachusetts polls only days after she got into the Senate race to oust Republican Scott Brown has thrown GOP operatives off balance.
Their first storyline was that Warren was either a creature of the Beltway or a pointy-headed Harvard professor. Neither seems to be sticking.
On Tuesday, when the Democratic-affiliated polling firm, Public Policy Polling, reported Warren narrowly leading Brown, 46 to 44 among likely voters, Brown spokesman Colin Reed put out a statement contending that "we have always known that Scott would be the underdog against whichever candidate wins the Democratic primary next September."
But this past summer, before Warren enjoyed decent name recognition, Republicans were touting early polls showing Brown leading Warren 53-28, and declaring him a winner."
The establishment GOP is scrambling. Scott Wong and John Bresnahan carried some of their water in a borderline hit-piece over at Politico yesterday. The article casts doubt on Warren's integrity by alleging a "lack of transparency" during her tenure as the head of the Congressional Oversight Panel which controlled TARP. Wong and Bresnahan should be ashamed. The fact that the panel adhered to all of the requirements placed upon it by congress and that congress has all of the information she is portrayed as having kept from the public is spun to the margins. It's not on a website for the masses, you see.
One wonders if the Wong/Bresnahan piece hadn't been ghost-written by longtime foe, Rep Patrick McHenry (R-NC).
This week also saw the GOP's fear of Warren exposed elsewhere in the form of some truly frantic antics, as Julie Ryan Evans points out:
"When it comes to politics, we've seen so many crazy moves and outrageous tactics, we're almost numb to them, but I have to say I'm shocked by the Massachusetts Republican Party's latest attack. They are demanding that Harvard University stop paying Democratic Senate candidate Elizabeth Warren her salary for doing her job as a professor there.
Their reasoning, according to the Boston Globe: It sends a message that Ivy League schools support Democratic candidates. Can you say desperate?
The salary is in exchange for her services to the university. She will certainly be busy campaigning, but lots of professors have outside employment. She will still be expected to fulfill her obligations to Harvard, and the salary is just in exchange for those obligations, not to fund her campaign."
They don't have much to work with. That fact leads me to expect new lows in both ugliness and innuendo as the campaign heats up.
Quite coincidentally, I am sure, Rush Limbaugh found it necessary today to breathlessly warn his listeners that Elizabeth Warren is a "parasite." One might surmise from this that the Kochs are now involved.
via Media Matters
via Media Matters
Thursday, August 18, 2011
Quote Of The Day - Here and Now Edition 2
Aug 18th, 2011
"...the GOP is now a church with doctrines, not a party with policies"
-- Andrew Sullivan describing his reaction to the increasingly infamous and unanimous rejection of a "10 to 1" cuts vs taxes plan to eliminate the debt.
"...the GOP is now a church with doctrines, not a party with policies"
-- Andrew Sullivan describing his reaction to the increasingly infamous and unanimous rejection of a "10 to 1" cuts vs taxes plan to eliminate the debt.
Saturday, August 13, 2011
The Continuing Decline... GOP Debate Edition
Aug 13th, 2011
More than few readers have asked me why, after live-blogging the GOP debate, I haven't done any substantial follow up? Well, frankly, I don't really know where the hell to begin.
I guess I will start here: The candidates revealed, unanimously, that they would all oppose a tax increase that was matched by cuts at a one to ten ratio. Seriously.
Kevin D. Williamson puts it better than I over at that bastion of leftist lunacy, The National Review:
"Every candidate said he would oppose a cuts-taxes plan that contained a 10:1 ratio of cuts to taxes. Chalk one up to the crazies. If Congress wanted to get rid of tax exemptions and exclusions amounting to $100 billion in new taxes in exchange for $1 trillion in tax cuts, and Republicans turned the deal down, I would personally drive down to Washington and pelt them with rotten vegetables, and possibly with rocks. $100 billion in new taxes plus $1 trillion in cuts balances the budget in 2012."
Yup. The candidates all exposed these facts:
1. They are all certifiably insane.
2. Not one of them owns a calculator.
3. Every one of them (even Paul and Huntsaman) is more afraid of tryin' to explain that fancy-book-learnin' math to their "base" than they would be to publicly accept a deal Ronald Reagan would have had to pinch himself over to ensure he was not dreaming.
It happened. Here's proof:
More than few readers have asked me why, after live-blogging the GOP debate, I haven't done any substantial follow up? Well, frankly, I don't really know where the hell to begin.
I guess I will start here: The candidates revealed, unanimously, that they would all oppose a tax increase that was matched by cuts at a one to ten ratio. Seriously.
Kevin D. Williamson puts it better than I over at that bastion of leftist lunacy, The National Review:
"Every candidate said he would oppose a cuts-taxes plan that contained a 10:1 ratio of cuts to taxes. Chalk one up to the crazies. If Congress wanted to get rid of tax exemptions and exclusions amounting to $100 billion in new taxes in exchange for $1 trillion in tax cuts, and Republicans turned the deal down, I would personally drive down to Washington and pelt them with rotten vegetables, and possibly with rocks. $100 billion in new taxes plus $1 trillion in cuts balances the budget in 2012."
Yup. The candidates all exposed these facts:
1. They are all certifiably insane.
2. Not one of them owns a calculator.
3. Every one of them (even Paul and Huntsaman) is more afraid of tryin' to explain that fancy-book-learnin' math to their "base" than they would be to publicly accept a deal Ronald Reagan would have had to pinch himself over to ensure he was not dreaming.
It happened. Here's proof:
Tuesday, August 2, 2011
The (un) Official 112th Congressional Republican Theme Song
August 2nd, 2011
Message to Obama - Whatever it is, they're against it!
Message to Obama - Whatever it is, they're against it!
Tuesday, July 26, 2011
Umm. It Wasn't A Problem Before, ctd...
July 26th, 2011
Really. It wasn't. Here's an easy to read picture thingy. That's Two Hundred and Seventy Five totally, completely, altogether non-controversial votes to increase the debt limit under the Bush 2 regime.
Really. It wasn't. Here's an easy to read picture thingy. That's Two Hundred and Seventy Five totally, completely, altogether non-controversial votes to increase the debt limit under the Bush 2 regime.
Wednesday, June 29, 2011
What's The Worst That Could Happen?
June 29th, 2011
Let's say that debt limit deadline arrives and there has been no "agreement."
TPM reports:
"According to one of the most influential economists in federal policy making, the next four weeks will make the difference between a slow glide toward economic recovery, and a severe tumble into a new recession.
Moody's chief economist, and former McCain economic adviser Mark Zandi
is forecasting GDP growth of 4 percent by the end of the year and into next. But in response to a question from TPM, he told reporters at a breakfast meeting hosted by the Christian Science Monitor that his forecast would be "blown out of the water," if Congress fails to "reasonably gracefully" raise the national borrowing limit."
Sounds pretty bad. But hey, what does he know? Zandi is only one of the most respected conservative economists in America. His analyses don't mean diddly to RNC Chairman Reince Preibus who had some interesting things to say about a default yesterday morning while talking to Joe Scarborough.
Let's say that debt limit deadline arrives and there has been no "agreement."
"According to one of the most influential economists in federal policy making, the next four weeks will make the difference between a slow glide toward economic recovery, and a severe tumble into a new recession.
Moody's chief economist, and former McCain economic adviser Mark Zandi
is forecasting GDP growth of 4 percent by the end of the year and into next. But in response to a question from TPM, he told reporters at a breakfast meeting hosted by the Christian Science Monitor that his forecast would be "blown out of the water," if Congress fails to "reasonably gracefully" raise the national borrowing limit."
Sounds pretty bad. But hey, what does he know? Zandi is only one of the most respected conservative economists in America. His analyses don't mean diddly to RNC Chairman Reince Preibus who had some interesting things to say about a default yesterday morning while talking to Joe Scarborough.
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