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Massachusetts Liberal

Observations on politics, the media and life in Massachusetts and beyond from the left side of the road.

Thursday, July 14, 2011

It's the economy, stupid

Away from the negotiating table, safe within the womb on Republican talk radio, Mitch McConnell finally offered an honest assessment of the debt ceiling talks:
“He will say Republicans are making the economy worse,” Mr. McConnell said in an interview with the conservative radio host Laura Ingraham. “It is an argument that he could have a good chance of winning, and all of the sudden we have co-ownership of the economy. That is a very bad position going into the election.”
"He" of course is Barack Obama and we should never forget his declaration that the Republicans No. 1 goal is to make him a one-term president. Not preserve, protect and defend the Constitution; not provide for safety of the American people here and abroad; not to behave like responsible adults and do the tough job they were elected to do.

With Moody's joining Standard & Poor's in threatening a drop in the US credit rating -- a move that will only add billions to the debt -- Republicans continue to play politics -- even in the face of the obvious chaos that would ensue by a default on the debt.

House Minority Leader Eric Cantor continues to play the role of the nerdy wise ass every high school had and hated. He claimed Obama walked out on the last meeting yesterday in a test mood after declaring:
“Eric, don’t call my bluff. I’m going to the American people with this.”
Let's hope so.

The grand bargain supposedly on the table is 80 percent cuts and 20 percent taxes. Many pundits have declared the House Republicans are prepared to walk away from a major victory by holding out for total capitulation from Democrats, who hold the White House and the Senate.

To the GOP "leaders" it is all about total victory and the chance to serve their masters with deeper tax cuts and an end to federal regulation. Wall Street matters, not Main Street, the folks who get Social Security checks the GOP is angling to have go out late.

Hey, isn't that what got us into this mess in the first place?

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3 Comments:

Anonymous Anonymous said...

Didn't Senator Obama once vote against raising the debt ceiling in his long and glorious Senate career? It's OK for him to make a statement.

July 15, 2011 8:53 AM  
Anonymous Anonymous said...

Obama 2006: The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.

Reid, 2006:
“If my Republican friends believe that increasing our debt by almost $800 billion today and more than $3 trillion over the last five years is the right thing to do, they should be upfront about it. They should explain why they think more debt is good for the economy.

July 15, 2011 2:05 PM  
Anonymous Anonymous said...

BEAT IT, S.978!

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Check out the video we just made about S. 978: Both the opposition to the Act and the implications of the Act itself are remarkable.

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July 18, 2011 9:36 AM  

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