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News & Politics News & Politics

Bankrupt Politics: The Republican Plan to Kill Our Economy

Posted by on Dec. 29, 2012 at 7:07 AM
  • 37 Replies
2 moms liked this
Forget the fiscal cliff. The real threat to the U.S. economy is not political stalemate in Washington but the Republican party itself. From the time that President Obama first took office in 2009 through the elections in 2012, the GOP has been running on the platform of economic despair, and in fact, seems to have bet its entire future on it.

In the beginning it was easy, since the president had just inherited a massive financial crisis and a shattered economy that would take years to rebuild; all the Republicans had to do was stonewall any initiatives that would hasten a recovery, and wait. That gave them the edge they needed to rout the Democrats in the midterm elections. Following that, they adopted the strategy of blaming the financial stimulus package and Dodd-Frank for the continuing softness in the economy, which kept the pressure up on Obama and, more importantly, kept him on the defensive.

But now the landscape is different. Obama has four more years to do his thing, the disastrous Mitt Romney campaign has damaged the Republican party immeasurably, and the economy is visibly recovering, so the Republicans cannot just sit back and hope that everything will go wrong anymore. If the economy continues to grow, the president's second term will be a victory, period.

That means the Republicans actually have to make sure it goes wrong -- or any hopes that they have of making meaningful gains in future elections will be dashed. Which is why their new strategy is to actively derail the economy.

Think of it as the Republican long game -- if the U.S. falls back into a recession, the president's promises of a better future will be perceived as empty rhetoric and the Democrats will lose credibility, paving the way for Republican victories in 2014 and 2016. It may be pretty devious but it is also that simple.

To accomplish this goal, the Republicans seem to have settled on two angles of attack: Cut Spending till it Hurts Republican posturing on the fiscal cliff has revolved mostly around lower taxes for wealthy Americans, but what they really want is deep cuts in government spending (taxes are mainly a bargaining chip). The problem, of course, is that deep cuts in spending right at the cusp of economic recovery will likely send us back into a recession.

From outright unemployment for federal workers to cuts in state and local government grants, spending cuts would stifle national growth almost overnight. The setbacks would impact nearly every sphere, including infrastructure, education, healthcare, financial reform, and consumer protection, leading to "domino effect" declines in consumer confidence, spending, commercial activity, employment, and ultimately the economy.

Granted we have a trillion-dollar deficit problem but deficit reduction also requires GDP growth and an increase in the tax base, which cannot happen in a declining economy; not to mention that any action that slows our momentum at this time would be counter-productive to the deficit in the long run since we will simply have to run up a bigger tab later.

The right approach would be to phase in spending cuts slowly and time them to succeed economic growth, not precede it. But that timeline would not suit the Republicans at all since it would take us further into Obama's term and enable him to take credit for a good economy.

So, regardless of the fiscal cliff outcome, you can bet that the GOP will flog this horse well into next year and keep pushing for deeper and deeper cuts until they strike bone. Manufacture Uncertainty Nothing pours cold water on economic growth like uncertainty. When the rules of the game are defined clearly, even if they are unfavorable, all players can strategize accordingly and aim for success; but when businesses and consumers have no idea what is going to happen next, their plans just stall in the mire of nervousness.

That is what happened during the debt ceiling debate of 2011 and in painful slow motion this year on the fiscal cliff. Despite dire warnings by economists of another recession if America goes over the cliff, and despite the financial soundness of letting the Bush tax cuts expire for the rich, the Republicans have done everything in their power to prevent a compromise from being reached. The net result has been an unnecessarily prolonged period of uncertainty and market tumult.

This is a clear-cut case of obstructionism with a purpose, and it will not stop with the fiscal cliff either. Christmas may be over but for the Republicans the first half of next year is an extended holiday season, with gifts ranging from another debt ceiling fight to further arguments on tax cuts and Wall Street reform all waiting to fall into their political laps. And they will exploit it all to create as much uncertainty about the future as they can, for that is the surest way to derail our economic progress and ensure that President Obama does not preside over a prosperous country for the next four years.

Compromise might help the Republican party regain its credibility with American voters but then Republicans have never been good at fighting from a positive place. They are much more comfortable playing offense, and that is why they will kill our economy if they can -- because it is their last, desperate, hope for survival.

So how will it stop? It won't, unless the American public pulls their support of the party completely. Even if you agree with the Republicans ideologically, you should ask yourself whether a party that is willing to destroy your livelihood for political gain should be allowed to represent you at all... and then vote the opportunists out of office before they ruin the country!

http://www.huffingtonpost.com/mobileweb/sanjay-sanghoee/republican-obstruction_b_2377498.html
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by on Dec. 29, 2012 at 7:07 AM
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Replies (1-10):
ccnstanczak
by on Dec. 29, 2012 at 8:35 AM
8 moms liked this

 TLDR

The only way, i believe, this country is ever going to get better is too stop this fucking war betweern reps and dems and start working together.

 this country is being ripped apart by its LEADERS. i LOVE America but im sick of it all.

broncfan
by Silver Member on Dec. 29, 2012 at 8:36 AM
8 moms liked this

And the way I see it is the Democrats are willing to watch us go over the cliff, the stock market tank and try to point the finger at the Republicans.  The voting base is what matters, in order to keep them in power, not to do what is best for that base.  Giving and giving is not what is best for the long run, real economic reform and better yet real welfare reform is what will pull us out of the hole we find our self in.  The democrats are very afraid of their base, afraid to take anything away, afraid not to give more, that is all they have to depend on.  The republicans know that their base is under fire by the government.  Where is it right that a family making 300K will have a 23K tax increase?  It will not stop them from saving (which seems to be what the dems hate most) it is going to cost jobs, maybe a yard service 2X a week, maybe a housekeeper 3X a week, but those are the cuts that are going to be made in these upper middle class families, the cycle continues with more people out of jobs and need for more welfare. These people that are about to be hit with tax increases are going to cut their manner of spending which is going to hurt businesses and therefore hurt the lower paid employees out there.  The circle keeps going and no one is willing to say that we should just stop the spending by the government and tax EVERYONE fairly, it is so much easier to play Robin Hood.

Aivlys_
by Bronze Member on Dec. 29, 2012 at 8:38 AM
5 moms liked this
I see... Really all republicans? Wow... What a travesty!











0.0 SMH, posting this garbage, doesn't help our country, because some folks will believe anything! Pure bs!
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Billiejeens
by Ruby Member on Dec. 29, 2012 at 8:43 AM
4 moms liked this


Quoting broncfan:

And the way I see it is the Democrats are willing to watch us go over the cliff, the stock market tank and try to point the finger at the Republicans.  The voting base is what matters, in order to keep them in power, not to do what is best for that base.  Giving and giving is not what is best for the long run, real economic reform and better yet real welfare reform is what will pull us out of the hole we find our self in.  The democrats are very afraid of their base, afraid to take anything away, afraid not to give more, that is all they have to depend on.  The republicans know that their base is under fire by the government.  Where is it right that a family making 300K will have a 23K tax increase?  It will not stop them from saving (which seems to be what the dems hate most) it is going to cost jobs, maybe a yard service 2X a week, maybe a housekeeper 3X a week, but those are the cuts that are going to be made in these upper middle class families, the cycle continues with more people out of jobs and need for more welfare. These people that are about to be hit with tax increases are going to cut their manner of spending which is going to hurt businesses and therefore hurt the lower paid employees out there.  The circle keeps going and no one is willing to say that we should just stop the spending by the government and tax EVERYONE fairly, it is so much easier to play Robin Hood.

.....and most people do not understand who Robin Hood was.

He didn't take from the rich and give to the poor.

He went to the corrupt Government and took back the money taken from the people.

In today's world The Tea Party would represent Robin Hood.

broncfan
by Silver Member on Dec. 29, 2012 at 9:00 AM
11 moms liked this

Just a funny I saw on FB this morning.  It is just a funny folks, do not try to tear it apart and show us all what points are wrong, just a funny.

 

Dear Abby,
My husband has a long record of money problems. He runs up huge credit-card bills and at the end of the month, if I try to pay them off, he shouts at me, saying I am stealing his money. He says pay the minimum and let our kids worry about the rest, but already we can hardly keep up with the interest. Also he has been so arrogant and abusive toward our neighbors that most of them no longer speak to us. The few that do are an odd bunch, to whom he has been giving a lot of expensive gifts, running up our bills even more. Also, he has gotten religious. One week he hangs out with Catholics and the next with people who say the Pope is the Anti-Christ, and the next he's with Muslims.. Finally, the last straw. He's demanding that before anyone can be in the same room with him, they must sign a loyalty oath. It's just so horribly creepy! Can you help? Signed, Lost

Dear Lost, Suck it up and stop whining, Michelle. You're getting to live in the White House for free, travel the world, and have others pay for everything for you. You can divorce the jerk any time you want. The rest of us are stuck with the idiot for 4 more years. Signed, Abby

mommom2000
by Bronze Member on Dec. 29, 2012 at 9:24 AM
3 moms liked this

Why do you think a family that makes 300k will get a 23k tax increase?  You are way off, maybe that's the problem people don't know the real numbers. It's more like a 2k increase, that is a big difference.
welfare isn't what put us in the hole, another misconception.

Quoting broncfan:

And the way I see it is the Democrats are willing to watch us go over the cliff, the stock market tank and try to point the finger at the Republicans.  The voting base is what matters, in order to keep them in power, not to do what is best for that base.  Giving and giving is not what is best for the long run, real economic reform and better yet real welfare reform is what will pull us out of the hole we find our self in.  The democrats are very afraid of their base, afraid to take anything away, afraid not to give more, that is all they have to depend on.  The republicans know that their base is under fire by the government.  Where is it right that a family making 300K will have a 23K tax increase?  It will not stop them from saving (which seems to be what the dems hate most) it is going to cost jobs, maybe a yard service 2X a week, maybe a housekeeper 3X a week, but those are the cuts that are going to be made in these upper middle class families, the cycle continues with more people out of jobs and need for more welfare. These people that are about to be hit with tax increases are going to cut their manner of spending which is going to hurt businesses and therefore hurt the lower paid employees out there.  The circle keeps going and no one is willing to say that we should just stop the spending by the government and tax EVERYONE fairly, it is so much easier to play Robin Hood.


mustbeGRACE
by Silver Member on Dec. 29, 2012 at 10:47 AM
3 moms liked this

Obama isn't concerned with the economy.

TCgirlatheart
by TC on Dec. 29, 2012 at 10:53 AM
1 mom liked this
I wish both sides would just grow up and do what's best for their constituents, rather than their political party.
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jesse123456
by Member on Dec. 29, 2012 at 11:01 AM
5 moms liked this

**cough....cough....cough....*** BULL SHIT! Every repub. president has strengthened the economy. Every dem. (except Clinton and it hurts me to give the womanizer any credit at all) weakened it. PBO leading the charge. Check the historical record.

sweet-a-kins
by Ruby Member on Dec. 29, 2012 at 11:02 AM

They have been on their treasonous plan for years...it's disgusting

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