Republicans Gearing Up for Third Financial Crash in 3 Tries

[n2doc]

“This is the third time in 100 years we’ve had this alignment of government that we’ve got to get it done or else I [am] really worried our country will continue down a bad path,” said Paul Ryan this weekend. “This alignment of government” means conservative Republicans control the House, the Senate, and the presidency. The previous two times Ryan is describing are the 1920s, when Warren Harding, Calvin Coolidge, and Herbert Hoover presided over a Republican-controlled Congress, and the George W. Bush administration. (Ryan is omitting 1953–1954, when Republicans narrowly controlled both chambers, presumably because Dwight Eisenhower governed as a moderate deeply at odds with conservatives.)

The Republican government of the 1920s ended when a wave of loosely regulated stock speculation produced a crash in the financial system. The Republican government of the 2000s ended the same way. It’s not clear what lessons Ryan has absorbed from these prior episodes, but he does not seem to be especially concerned about repeating those policy errors.

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http://nymag.com/daily/intelligencer/2017/08/republicans-preparing-for-third-financial-crash-in-3-tries.html

[Wounded Bear]

1. I've often felt that Repubs really wanted a deeper crash in '08...

and resented the fact that the public elected Obama and a bunch of Dems, who helped soften the impact of the recession.

In Libertarian "tough love" country, we need to get slapped around economically every so often, and we need to feel the whole sensation of crashing the country.

[n2doc]

2. It seemed obvious at least after Obama was elected

They wanted the Auto makers to go bankrupt. They didn't want any stimulus. They opposed anything that might help.

[Xolodno]

5. Of course they wanted them to go bankrupt.

Wipe out the pensions, cripple and eliminate the UAW, stall environmental regulations, etc.

Then they could sell cars on the cheap and take more market share which would shoot up the stock price....of which I'm sure they will buy plenty of once they re-emerge from the "reorganization". Build quality cars at competitive prices? Nah, that takes work. So much easier to just under price the competition out.

[world wide wally]

3. The GOP wants to eliminate the middle class because they ask for things like insurance and

higher wages so they can protect what they already have. They simply want an aristocracy and a working class that will be happy to do any work for a pittance. Everything they do reinforces this idea.

[Javaman]

4. I guess they are thinking, "third time is a charm!" LOL

fucking morons.

[Thomas Hurt]

6. the GoP is ideologically inclined to an uneducated, organized religion controlled...

hegemony. Neo-feudalism. The aristocracy not by birth but by size of bank account.

Slavery has become passe' but serfdom hasn't.

[HughBeaumont]

7. This party now only has one goal -

To make victims into perpetrators and to make predators into innocent victims.