Don’t Worry!  Be Happy!

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As we approach the end days of the current fiscal “crisis” [Made in the USA by Proud Republicans] we are now getting to hear from a few of the lesser lights of the GOP’s Economic Brain Trust—the Jolly Cavalier Defaulters (JCD).

These are the folks who tell us that anyone suggesting global financial fallout from a US credit default is just being melodramatic.  This position might seem a tad counter-intuitive to some because why bother with all of this hostage-taking and fuss over something as inconsequential as US creditworthiness?  Let’s remember these are Republicans . . .

The first JCD to chide the overwrought was Rep. John Fleming (R-LA) who has served in the US House of Representatives for four years now and is a proud member of the TEA Party Caucus and the Republican Study Committee.

Rep. Fleming’s real-life economic expertise derives from owning his own medical practice as well as thirty-three Subway sandwich shops in northern Louisiana.  With that kind of background, I’m really surprised that House leadership hasn’t given Fleming committee assignments more aligned with his economic expertise.  Whatever.

Here’s Rep. Fleming’s expert opinion on the current debt ceiling situation, as told to the New York Times:

Economists, what have they been doing?  They make all sorts of predictions. Many times they’re wrong, so I don’t think we should run government based on economists’ predictions.

Rep. Fleming, unfortunately, did not elaborate on what basis we should run government.  I guess that’s a different sound byte we’ll just have to wait for.

Soon after that, Rep. Scott Perry (R-PA), a JCD from my very own state, demonstrated his ignorance of the fundamentals of the debt ceiling, deficits, debts and other matters economic while appearing on MSNBC’s HardballChris Matthews eventually tired of sparring with Perry over nonsense and pressed him to take a stand, asking Perry if the debt ceiling even matters, whereupon Perry dredged up a scripted nugget to lay on the situation:

Let me tell you what matters to the American people. Trillion-dollar deficits unbridled with no plan to change it.

Evidently, while Perry has been busy representin’, he failed to notice that the US is not running anything like “trillion dollar deficits.” As a matter of fact, the deficit has been falling all summer at a remarkable pace.  The US is now running fairly regular monthly surpluses [remember those?]  and all of this while Republicans have done everything in their power to hold the recovery back—imagine what it might have been.  Some economists believe that higher deficits than we have right now would be better for the recovering economy.

Perry might be forgiven for not exactly knowing what he’s talking about as he’s only been in the House long enough (January, 2013) to learn the floor plan.  But then, since that’s the case, why is this guy appearing on national TV expounding on the national economy? as if he knows what the hell he’s talking about?

The last time around, on this very same issue, David Brooks [with whom I rarely agree], summed up the problem with the Republican Party that we are witnessing, in spades, all over again.  What he said, in 2011 in the New York Times, is every bit as true today and worth repeating:

Over the past week, Democrats have stopped making concessions. They are coming to the conclusion that if the Republicans are fanatics then they better be fanatics, too.

The struggles of the next few weeks are about what sort of party the G.O.P. is — a normal conservative party or an odd protest movement that has separated itself from normal governance, the normal rules of evidence and the ancient habits of our nation.

If the debt ceiling talks fail, independent voters will see that Democrats were willing to compromise but Republicans were not. If responsible Republicans don’t take control, independents will conclude that Republican fanaticism caused this default. They will conclude that Republicans are not fit to govern.

And they will be right.

Posted by Bette Noir on 09/28/13 at 09:12 AM • Permalink

Categories: PoliticsNuttersTeabaggery

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In 2011 there seemed to be some hesitation, even a bit of fear from the rethugs over what they wanted to do; what I see how is a fanatical desire to go for it, shut it down, default on the debt, etc., I suppose so they can high five the fellow true believers while the rest of the economy burns.  Truly, their cornered party is going to lash out with every bit of crazy they’ve got left, and damn, it is LOT of crazy.

@SOAS Don’t forget about the stupid, there’s just as much stupid as there is crazy, & that’s a truly dangerous combination. Like the fact that most fatalities (i.e. Darwin Awards) in the Southern States start with someone saying, “Hey, watch this.

It deeply irks me that so much of this conversation is steeped in congressional self-bullshitting, like some ourobouros of a bovine colon.  Not only does there seems to be confusion over what the debt limit is and how it works, but having drawn the CR argument over the done deal of Obamacare, they continue to show lack of interest in what it is or how it works.

I think my favorite derp about it is that it is already harming people, which is why it has to be delayed. It hasn’t started yet, so let’s don’t? Causality, how does that work? (Is it like the thing of when the market collapsed before Obama got elected because he was going to?) At any rate, I feel like conservatives are either showing a curious lack of faith regarding the power of the market to determine the prices of private plans once said market has been expanded—or a not-surprising belief in the political nous it might create if it started working.

Don’t mind me, I will just be over there banging my head.  It feels perfectly delightful once I stop.

Over the past week, Democrats have stopped making concessions. They are coming to the conclusion that if the Republicans are fanatics then they better be fanatics, too.

Leave it to Brooks to play that “both sides do it” game- with this debt ceiling B.S., the Republicans are going somewhere no politicians have gone.  There’s nothing “fanatic” in propping up the full faith and credit of these United States.

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