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Sun Nov 18, 2012, 08:00 AM

Dean Baker: The Deficit Crisis Mongers Go Off the Deep End

http://www.nationofchange.org/deficit-crisis-mongers-go-deep-end-1353168534

However, the deficit crisis mongers are a persistent bunch. If they canít make a case based on economics, they turn to their good friend the confidence fairy. The story presented to us in a column in the Washington Post was that business people will get freaked out if there is no deal by January 1 and that financial markets will panic. New York Times columnist David Brooks pushed the same line in a column earlier in the week.

This sort of warning, coming from people who have a near-perfect track record in being wrong on everything they say about the economy, would ordinarily be laughable. Unfortunately, these warnings come from people who have prominent positions in national policy debates. Therefore it is likely that such warnings will be taken seriously.

The deficit hawks want to promote a sense of crisis because it is essential to advancing their agenda. If the January 1 deadline passes, the political ground shifts to those who just want to see an end to the Bush tax cuts for the wealthy. After January 1, the Bush tax cuts will have expired.

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Reply Dean Baker: The Deficit Crisis Mongers Go Off the Deep End (Original post)
eridani Nov 2012 OP
BeyondGeography Nov 2012 #1
JDPriestly Nov 2012 #2
libodem Nov 2012 #3

Response to eridani (Original post)

Sun Nov 18, 2012, 08:09 AM

1. There's an emotional component to this unnecessary "agenda" that's just creepy

Hurt people. Also, don't just inflict pain, but reinforce my own personal advantage. I've got mine, and mine just got even better than yours. It's just sadism.

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Response to BeyondGeography (Reply #1)

Sun Nov 18, 2012, 08:28 AM

2. Agreed, BeyondGeography

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Response to eridani (Original post)

Sun Nov 18, 2012, 01:30 PM

3. A certain subset of the population

Is mind-fucked by this propaganda. They watch, faux, listen to Glans Bleck and Limpbaugh, and go to fundy churches. I've seen a few of them and they are devastated by Romney's loss. They are dumbfounded and slapped silly, they thought it WAS neck and neck.
Someday I should write about my talk, with my insurance management friend, on Friday. Very conservative lady. Hooo boy. That was tough. But nobody reads my drivel anyway.

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