Tag Archives: Republican Sabotage

Dysfunctional American Politics

Robert Gates is rightfully concerned about the level of divisiveness and stupidity in our political discourse: “I do believe that we are now in uncharted waters when it comes to the dysfunction in our political system — and it is … Continue reading

Posted in Republican Party | Tagged , , | 14 Comments

Republican Intimidation of the Fed

Despite everything that’s going on, congressional Republican leaders are trying to bully Ben Bernanke to not interfere in the economy. Or else. Bernanke is going to announce a plan today, I think, that will lower consumer interest rates even further. … Continue reading

Posted in Economy | Tagged , , | 22 Comments

New Huffington Post Column

The Case for Republican Economic Sabotage With a few exceptions, tea party events have always appeared less like protest rallies and more like Sunday evening lawn concerts, with attendees lounging in lawn chairs waving tiny flags — not unlike a … Continue reading

Posted in Huffington Post | Tagged , | 18 Comments

The Real Killers

Okay, sure, the S&P is corrupt and the power the big three credit rating agencies have over the U.S. government is a threat to our national sovereignty. But let’s keep our eye on the real killers here: the Republican Congress. … Continue reading

Posted in Economy | Tagged , , , , | 10 Comments

'A Blast at Republicans'

The National Journal is hopefully establishing some common wisdom here that will permeate the DC media. Their assessment of the S&P downgrade? It’s hard to read the S&P analysis as anything other than a blast at Republicans. And more… It … Continue reading

Posted in Economy | Tagged , , , | 3 Comments

S&P Downgrades American Credit Rating

This is very, very bad. NEW YORK (Reuters) – The United States lost its top-notch AAA credit rating from Standard & Poor’s on Friday in an unprecedented reversal of fortune for the world’s largest economy. S&P cut the long-term U.S. … Continue reading

Posted in Economy | Tagged , , , , | 27 Comments

Boehner's Plan is Sabotage

ThinkProgress: Erin Burnett reported that she spoke with an investor who talked directly with the credit ratings agency Standard & Poor’s. According to the Standard & Poor’s source, John Boehner’s debt plan would probably still lead to a downgrade of … Continue reading

Posted in Economy | Tagged , , , , | 12 Comments

Sabotaging the President By Sabotaging the Economy

Kevin Drum compiled some choice quotes from various Republicans who are continuing to allow their true motives to emerge: From conservative analyst Erick Erickson, explaining why Republicans should wreck the U.S. economy via default: Obama has a legacy to worry … Continue reading

Posted in Economy | Tagged , , , , , , | 7 Comments

Shouldn't There Be Investigations?

Chuck Schumer repeats the Republican Sabotage accusation: “Now it is becoming clear that insisting on a slash-and-burn approach may be part of this plan — and it has a double-benefit for Republicans,” Schumer (D-N.Y.) said. “It is ideologically tidy and … Continue reading

Posted in Economy | Tagged , , , | 7 Comments

The Solution to the Deficit Debate

Do nothing. Literally. If Congress decided to do nothing about the deficit beginning right now, the budget would be balanced by the end of the president’s would-be second term. According to the CBO, if Congress allowed the Bush tax cuts … Continue reading

Posted in Economy | Tagged , , , , | 1 Comment