Wed Jan 16, 2013, 12:17 AM
TomCADem (7,989 posts)
TIME - "The Trillion Dollar Coin Fantasy: GOP Extremism Canít Be Wished Away"
I think the last sentence hits the nail on the head: "If you donít like it when Obama negotiates with terrorists, vote out the terrorists in 2014." This is why it drives me crazy when the media, including many liberals, give Republicans a free pass because they are insane, and focus their attacks on Democrats, because they are the only ones who are responsive to such pressure. Even worse, the media often pushes a false equivalency between Democrats and Republicans that effectively immunizes the Republicans from any accountability for their most bizarre stances.
After I spent the last two weeks explaining that the Treasury would mint a second Joe Biden before it minted a trillion-dollar platinum coin, that President Obama would make Kim Kardashian his chief of staff before making the coin fantasy a reality, it would be easy for me to gloat. So I will! The coin was a self-evidently wackadoodle idea, and the pundits who fell in love with it should have remembered Obama isnít in vaudeville. But thereís more to say about the coin farce than my four favorite words. (Count Ďem: IÖtoldÖyouÖso.) The debt ceiling disaster that the coin was supposed to avoid through metallic magic still looms. And the understandable impulses that led otherwise smart coiners to crusade for a WTF policy are producing equally muddled thinking about the next round of fiscal negotiations.
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