"Republicans intentionally sabotaging the economy? Why does this keep getting a question mark?"

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An article posted on the DailyKos web site on 5/21/12 by Meteor Blades asks the above questions. I also wonder why people are questioning whether this is happening or not. The antics of Boehner and McConnell and the words of Limbaugh clearly have indicated their plan since the days even before President Obama's inauguration. All you have to do is watch or listen, the evidence is there. This article refers back to an article by Charles Babington of the AP that was posted over the weekend :

Is GOP trying to sabotage economy to hurt Obama?

http://news.yahoo.com/gop-trying-sabotage-economy-hurt-obama-135650274--finance.html

Republicans intentionally sabotaging the economy? Why does this keep getting a question mark?

http://www.dailykos.com/story/2012/05/21/1093510/-Republicans-intentionally-sabotaging-the-economy-Why-does-this-keep-getting-a-question-mark-

miksilvr
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Jul. 7, 2011 12:13 pm

Comments

It is all true, Republicans know that Obama's prescription of borrowing and spending is precisely the right course for the economy (look at the wonders it's done for Greece!), but are refusing to do what they know will help the economy, for purely rascist reason.

It is just not possible, or even fathomable, that Republicans think that further massive spending into bankruptcy will sink the country or anything.

No, Republicans think Obama's spending plans are awesome, but are refusing to do awesome things just to hurt Obama.

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Calperson
Joined:
Dec. 11, 2010 10:21 am

Miksilvr, interesting articles. the yahoo article however, seems to have the same bent that most "mainstream" articles have, and that is that there is bipartisan gridlock. I disagree with that premise. The gridlock is totally partisan and it is the republicans who are causing the roadblock to progress. They do want Obama to fail. Their leadership has blatantly said as much and they are systematically working to make that come true.

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scriber1
Joined:
Jul. 31, 2007 4:01 pm
Quote Calperson:

It is all true, Republicans know that Obama's prescription of borrowing and spending is precisely the right course for the economy (look at the wonders it's done for Greece!), but are refusing to do what they know will help the economy, for purely rascist reason.

It is just not possible, or even fathomable, that Republicans think that further massive spending into bankruptcy will sink the country or anything.

No, Republicans think Obama's spending plans are awesome, but are refusing to do awesome things just to hurt Obama.

  1. The United States is a very large, autonomous economy. Greece is a bit player in the Eurozone.
  2. The U.S. dollar is the world's reserve currency whereas the Euro, which the Greeks must use, is not.
  3. The United States has a dollar printing machine. The Greeks do not have a Euro printing machine.

You're comparing apples to garlic.

The US doesn't borrow and spend. It "makes" and spends. There is no reason whatsoever that the US should be in the pickle it is in unless you follow the money that has been created. Corporate profits are higher than they have ever been in the history of the world and yet they aren't making enough money to "create jobs". They are making enough money to "pad wealth". They can and will somehow survive until they've given Obama the boot. All at the expense of the American worker. Cal should be so proud of his party of Un-Americans.

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Bush_Wacker
Joined:
Jun. 25, 2011 7:53 am
Quote Bush_Wacker:

Corporate profits are higher than they have ever been in the history of the world and yet they aren't making enough money to "create jobs".

http://abcnews.go.com/blogs/politics/2012/01/obama-web-ad-touts-jobs-rec...

Um, I don't think your up to date with your Newspeak talking points. Big Brotha has created private sector jobs every month for 22 months, that is nearly 2 years!

Keep current or face accusations of "thoughtcrime" comrade brother.

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Calperson
Joined:
Dec. 11, 2010 10:21 am

With all the republicans speaking at the RNC in Tampa blaming the Obama administration this week for the condition of the economy, I thought this would be a good time to review the above topic. Willard Scissorhands is making his speech tonight on the last night of the convention ... I wonder if he will have the courtesy and the guts to openly thank Bush, Boehner, McConnell, the republican governors, the Koch brothers and the other oligarchs, and banksters for the stalled "recovery" from "W's" great recession.

Excuse me, Bill Maher, for getting a little too "Religulous" for a moment, but thank God it's the last night, I'm sick of having to listen to segments of the republican lie machine from the convention during the news and talk shows that are compelled to cover this stuff.

--------------------------------------------------------------------

Here is a set of economic graphs that is updated monthly towards the end of the first week of the month. These graphs show how deep "W's" great recession really was, and still is :

http://www.crgraphs.com/

miksilvr
Joined:
Jul. 7, 2011 12:13 pm


So Sen. Mitch McConnell how did it go blocking every bit of legislation you could to make Obama a one term president?

miksilvr
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Jul. 7, 2011 12:13 pm

What happens if the USA Dollar is dumped as the reserve currency?

micahjr34
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Feb. 7, 2011 4:57 pm
Quote micahjr34:

What happens if the USA Dollar is dumped as the reserve currency?

China and Japan have already started doing direct trading with each other using their respective currencies for some transactions, bypassing the international dollar-based markets.

Who is next ?

miksilvr
Joined:
Jul. 7, 2011 12:13 pm

When you understand the basic assumptions of both parties, both are actually trying to fix the economy.

Both have adopted neo-liberalism. Republicans with Reagan, Dems with Clinton.

The underlying economic theory is,:

1. Enriching finance and banking generates Main Street prosperity. Quantitative Easing 1, 2 & 3 are a part of that. Throwing trillions into banking and financial markets. (An audit of the Fed shows $11 trillion+ thus far).

2. Domestic production of goods and services is irrelevant as long as major corporate profits are high. Thus outsourcing expanded by Obama with his 3 new outsourcing agreements..

3. It's based on Chicago School of Economics theory. It's an economic theory that world class economist Michael Hudsons says, "Has turned the economic language into double think."

Political theater by both parties doesn't change the neo-liberal ideology held by both. I think you'll see that the majorities in both parties enact policies to support it...and sometimes differ in the means to do that.

Neo-liberalism has nothing to do with traditional liberalism or conservatism. It's just another failed ideology on the world stage.... three decades in the making..

Nations that don't embrace it are dumping the dollar. Brazil even places a tax on dollars to discourage them from entering the country. They don't want them. The recent S.E. Asia Trade Agreement (key players are China/Japan) excludes dollars as a means of a exchange.

Retired Monk - "Ideology is a disease"

polycarp2
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Jul. 31, 2007 4:01 pm

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