The Economist calls the GOP "economically illiterate and disgracefully cynical."

[damonm]

One of the most-respected and economically intelligent publications in the world, The Economist, has turned against the Republican party for its disgraceful behavior with respect to the US debt-ceiling negotiations. The Republicans, the Economist points out, would rather disrupt the US economy and put the country into default than compromise on a long-term deficit and debt reduction plan. This behavior is an abdication of the Republicans' responsibilities as elected officials. It puts the Republicans' self-interest ahead of the country's.

The Republicans' stance on the debt-ceiling has now gone so far, in fact, that the Republicans appear to be trying to disrupt the economy in order to improve their chances in the next elections, rather than address an economic crisis that threatens to affect millions of Americans.

This is not practical or responsible. It's also not patriotic. It's traitorous.

The Economist, it must be noted, is a pro-private-sector, anti-big-government publication. For more than a century, the paper has extolled the virtues of free enterprise and free-market capitalism and railed against government bureaucracy, fiscal irresponsibility, and stifling regulation. The Economist should be the Republican Party's closest ally when it comes to getting the US back on track. And yet, thanks to the Republicans' extreme stance with respect to tax increases and their recklessness and self-interest with respect to the debt-ceiling, the paper has turned against them.

The GOP's REALLY in the toilet when even The Economist turns on them.


Read more: http://www.businessinsider.com/shame-on-the-republicans-2011-7?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Falleyinsider%2Fsilicon_alley_insider+%28Silicon+Alley+Insider%29#ixzz1RqBUVKfh



Read more: http://www.businessinsider.com/shame-on-the-republicans-2011-7?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Falleyinsider%2Fsilicon_alley_insider+%28Silicon+Alley+Insider%29#ixzz1RqBBwsgM

http://www.businessinsider.com/shame-on-the-republicans-2011-7?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Falleyinsider%2Fsilicon_alley_insider+%28Silicon+Alley+Insider%29

[Trajan]

1. Good call for them ....

Where are the other capitalist 'realists' ? ... when do they tell the truth about the GOP ?

[Drale]

2. Its kind of funny to see the GOP digging themselves deeper and deeper everyday

and I feel like most of their leadership know what is happening but they have no idea how to stop it.

[jberryhill]

6. And yet few on DU see what's happening right in front of their eyes

[ClassWarrior]

9. What exactly are you trying to imply about your fellow DUers?

NGU.

[jberryhill]

11. I am implying that some of them are very insightful

...and, as things are more clearly unfolding, made a very good choice in 2008.

[Blue Owl]

3. That's a new milestone for the GOP

Burn those bridges, fuckos!!!

[Earth Bound Misfit]

4. Enthusiastic K n R!! n/t

[Glimmer of Hope]

5. Good for them.

[ClarkUSA]

7. The Economist knows if the US defaults, Great Britain's economy will tank along with Europe's.

They're getting nervous. They are protecting their own economic market interests as well as telling the truth in order to send a message, which GOP teabaggers will try to ignore, much to their political detriment.

[blueclown]

8. The Economist is coming out in favor of austerity?

[Number23]

10. So glad this forum is here

Drawing attention to the REAL villains. The rest of the world sees all of this and is smart enough to know who the real threats are.

[CountSnail]

12. The Turtle and the Orange Man are disgraceful

They'll protect the rich, even if it means destorying an already weak economy.

[Rosa Luxemburg]

13. the GOP has never been clever and is always an enemy of the people