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Fri Dec 28, 2012, 10:06 AM

R the republicans trying to crash the economy on purpose?

My rant.

We had an election and the democrats won by saying they will do certain things
but the day after the election it was "fiscal cliff 24/7" almost like we did not have an
election at all. Social Security (which hasn't added one dime to the debt), medicare,
and medicaid all have stimulative effects on the economy because those dollars are
spent PDQ and those dollars roll over many times too ..... but if you contract those
programs then the economy will slow down and it might fall back into a recession
.... and that might be exactly what the republicans want.

According to the LA Times McConnell and Boner have any sort of bill tied up.

http://www.democraticunderground.com/10022078830



2 years ago this man spent $90,000 on golf fees.


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Arrow 15 replies Author Time Post
Reply R the republicans trying to crash the economy on purpose? (Original post)
Botany Dec 2012 OP
rurallib Dec 2012 #1
ThePeoplesRepublicUS Dec 2012 #2
Botany Dec 2012 #3
Jazzgirl Dec 2012 #4
Berlum Dec 2012 #5
LisaLynne Dec 2012 #6
HereSince1628 Dec 2012 #7
Berlum Dec 2012 #10
ThePeoplesRepublicUS Dec 2012 #8
randome Dec 2012 #9
ThePeoplesRepublicUS Dec 2012 #12
JaneyVee Dec 2012 #11
SoCalDem Dec 2012 #13
Botany Dec 2012 #14
BarackTheVote Dec 2012 #15

Response to Botany (Original post)

Fri Dec 28, 2012, 10:19 AM

1. yes.

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Response to Botany (Original post)

Fri Dec 28, 2012, 10:21 AM

2. Money

They would make a hefty profit if they crashed the dollar, but had already moved their investments into Gold. (Which a lot of them have). The profit from the housing collapse wasn't enough, now they are going to collapse the dollar. Which would mean the US would have to find some way to repay our foreign debts... I think they are going to use all the property that the Federal Reserve now owns due to the latest round of Q3 and Q4 easing,

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Response to ThePeoplesRepublicUS (Reply #2)

Fri Dec 28, 2012, 10:28 AM

3. ?????

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Response to Botany (Reply #3)

Fri Dec 28, 2012, 10:30 AM

4. LOLOLOL!!!

I still love the bunny with the pancake. It definitely fits because I feel like I have a pancake on my head now too!

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Response to Botany (Original post)

Fri Dec 28, 2012, 10:30 AM

5. Why are Republicans crapping all over America & Americans? Again.

Pretty damn stanky of the Republicans. As usual.

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Response to Botany (Original post)

Fri Dec 28, 2012, 10:31 AM

6. I think they want the economy to continue to be bad.

They are still hoping that will make them relevent as a party again. They probably feel that they will be ok because they just have so much and when have they ever cared about those who don't? They are playing a dangerous game, because they don't know as much as they think they do.

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Response to Botany (Original post)

Fri Dec 28, 2012, 10:31 AM

7. Yes the goal seems to be to make the Federal Gov't look useless

And so this is desirable from an extreme states-rights POV. To the wealthy backers who hate things like the Dept of Labor and Environmental Protection Agency and Bureau of Land Management it matters little that it makes the R's look culpable.





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Response to HereSince1628 (Reply #7)

Fri Dec 28, 2012, 10:42 AM

10. Yup. Lots of RepubliWankers are into "Starve the Beast" evil negativity

They want everyone to SUFFER for their "sins" just as they do with their soul-twisted darkside negatory Philosophy of FEAR & FAIL.

Wikipedia entry: http://en.wikipedia.org/wiki/Starve_the_beast

Starving the beast" is a political strategy employed by American conservatives in order to limit government spending by cutting taxes in order to deprive the government of revenue in a deliberate effort to force the federal government to reduce spending. The short and medium term effect of the strategy has increased United States public debt rather than reduce spending.

The term "the beast" in this context refers to the American government and the programs it funds, particularly social programs such as welfare, Social Security, and Medicare; and does not usually refer to spending on military, law enforcement or prisons.

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Response to Botany (Original post)

Fri Dec 28, 2012, 10:35 AM

8. Quantitative easing

http://en.wikipedia.org/wiki/Quantitative_Easing

QE1, QE2, and QE3 The expression "QE2" became a "ubiquitous nickname" in 2010, when used to refer to a second round of quantitative easing by central banks in the United States. Retrospectively, the round of quantitative easing preceding QE2 may be called "QE1". Similarly, "QE3" refers to the third round of quantitative easing following QE2.

QE3 was announced on 13 September 2012. In an 11-to-1 vote, the Federal Reserve decided to launch a new $40 billion a month, open-ended, bond purchasing program of agency mortgage-backed securities and also to continue extremely low rates policy until at least mid-2015. According to NASDAQ.com, this is effectively a stimulus program which allows the Federal Reserve to relieve $40 billion dollars per month of commercial housing market debt risk with no maximum amount or time limit. Egan-Jones Ratings Company said it believes the Fed’s decision “will hurt the U.S. economy and, by extension, credit quality.” As a result the firm once again slashed the U.S. bond rating bringing it down to AA-. Federal Reserve chairman Ben Bernanke acknowledged concerns about inflation.

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Response to Botany (Original post)

Fri Dec 28, 2012, 10:37 AM

9. I truly don't think they have a clear idea what they want.

The Republican party and the Tea 'Party' are just shuffling their feet like mismatched dates, hoping something happens to make everything all right again.

The only thing that unites them is anger at everyone else. And it's not enough.

If anyone was running the GOP, do you think we would have had Palin? Romney? Ryan? No one is steering the clown car, it's just careening about.

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Response to randome (Reply #9)

Fri Dec 28, 2012, 10:54 AM

12. Yoda

Fear leads to anger, anger leads to hate, hate leads to suffering.

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Response to Botany (Original post)

Fri Dec 28, 2012, 10:44 AM

11. He missed the ball.

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Response to Botany (Original post)

Fri Dec 28, 2012, 11:06 AM

13. Of course they are

They know that most people have NO idea how congress really "works", and the media is always saying shit like "Both sides are to blame", so republicans know that as long as they can gerrymander their way into a permanent majority in the house every two years they can effectively stymie any democratic president..

Once they get back to the default position (republican rule in all branches) they will start to pass legislation again.

By then, their forced austerity (only forced onto democratic presidents) there should once again be some money in the coffers ...for them to squander...

rinse & repeat...ad nauseum

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Response to SoCalDem (Reply #13)

Fri Dec 28, 2012, 11:53 AM

14. U.R. not kidding about the Gerrymandering

Ohio went solid for President Obama and Sen. Brown statewide but
only 4 out of the 16 Congressional races went to Democrats ...... where
I live "they" drew the district so that my neighbor and former Congress=
critter Mary Jo Kilroy's home was no longer in the new drawn Congressional
district.

Time and demographics are brutally against the republicans and they are
using every trick in the book to stay in power.

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Response to Botany (Original post)

Fri Dec 28, 2012, 12:08 PM

15. They want to bring back the aristocracy

They're toadies for big money. They turn the middle class and lower class against themselves with these "moral" wedge issues so that we can't unite in our best, self-preserving interests. Meanwhile, they let the rich keep more and more of their wealth, let corporations get more and more powerful... Big Money wants to own everything. That's their version of Manifest Destiny. They want to own every natural resource, they want to monopolize every aspect of culture and manufacturing, they want everyone working for them at slave wages. Because, you know, power. There's no other point in amassing so much money, more money than they could ever spend. It's just a score card to them, and it equates to power. They want to be the ones that save us from ourselves (i.e., our representative democracy), and they want us to owe them. Maybe they'll be benevolent once they've won, but I doubt it.

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