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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, August 11, 2011

Kuchinich time

You would hope after the recent turmoil triggered by the Republican assault on fiscal rationality party leaders would have learned a lesson. You would be wrong.

After a questionable ratings decision by Standard & Poor's -- even if it fingered political posturing as a major problem -- and a wild ride on Wall Street -- House Speaker John Boehner and Senate Minority Leader Mitch McConnell selected ideologues to a joint "super committee" that's supposed to reach a "grand bargain" on spending cuts and revenue increases.
Robert L. Bixby, executive director of the Concord Coalition, a nonpartisan budget watchdog group, said the nine members named so far did not inspire optimism. “I would not call it a dream team for a grand bargain,” he said.
No, naming Pat Toomey, the former head of the Club for Growth is not a symbol of compromise, no matter what words come out of his mouth today. Nor is the selection of Texan Jed Hensarling or John Kyl of Arizona.

As usual, the Democrats played fair in their opening move, naming three senators, including John Kerry, known for deal-making ability. But after the GOP counter, House Minority Leader Nancy Pelosi ought to put Dennis Kuchinich in the panel to show Republicans they won't back down.

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Anonymous Anonymous said...

Those pesky TeaPartiers, doing their masters bidding and making Wall Street go down, but wait who owns stocks, oh the rich.. but now because of the economic turmoil the very financial instruments that are most affected, US Treasuries have their lowest yields in a long time meaning the cost of borrowing is low for the US..somewhere in here the Republicans are wrong and the Dems are right, right?

August 11, 2011 11:58 AM  
Blogger Redbeard said...

I'm glad you brought this up, Anonymous. The Tea Partiers are definitely pushing ideas that are destructive to the economy & cut jobs. It is possible for Republicans & Tea Partiers to do things that harm their donors. For instance, at the time of the auto bailout, the GOP forced lots of car dealerships to close, but dealers donate to the GOP 88% of the time. A self-inflicted wound!

August 11, 2011 8:37 PM  
Anonymous Anonymous said...

Then all you liberals can just wait around and come to the rescue with a bazillion dollar bailout, the TeaPartiers will be discredited, you can create a European style socialist nirvana with government jobs for everyone. Icky private enterprise will have been destroyed and power will be where it belongs, at the DNC.

August 12, 2011 5:22 AM  
Blogger Labor's Pains said...

This is a very good piece from the real news how this was likely to be the first step in warning Washington not to pursue any prosecution of S & P over the morgage mess they created.


August 14, 2011 9:45 PM  
Anonymous Anonymous said...

the quote you included in the posting stated that the nine members chosen thus far do not inspire confidence, not simply the 6 republicans chosen.

in fact the linked article goes on to state that max baucus was also part of the debt commission group that went on to vote against the recommendations.

so, regardless of party, i dont think this group is going to get much of anything done.

August 16, 2011 1:23 PM  

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