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Massachusetts Liberal

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

Wednesday, February 06, 2013

A sign for GOP

The economy's verdict on Republican austerity was clear as day -- even though we ignored it. Congressional leaders sure as heck have.

Bypassed in the Super Bowl hype and heaven knows what else was the word that the nation's economy shrunk by 0.1 percent in the fourth quarter. Experts say the cause of the slowdown was clear:
"One way or the other, government is going to be a constraint on growth,” said James Marple, senior economist at TD Bank.
Yep, our elected officials playing at the edge of the fiscal cliff caused the economy to contract in the fall of 2012. You would think that would be a 2x4 across the backside of the confused Republicans. But you would be wrong.

Barack Obama has called for Congress to act before the March 1 date when budget sequestration kicks in and pass a smaller, temporary package of spending cuts and tax increases.
“We’ve also seen the effects that political dysfunction can have. We’ve made progress. And I still believe we can finish the job with a balanced mix of spending cuts and more tax reform.” 
 Not that his rational call for action met with anything close to a rational response.
Senator Mitch McConnell of Kentucky, the Republican leader, mocked the president’s demands to close tax loopholes, calling them “gimmicky tax hikes” and said, “It’s time for Washington Democrats to get real.” House Republicans noted that they had already passed their own plans to avoid the sequester.
There's a certain silliness in GOP demands for Democrats to "get real." A party who premised its congressional agenda on making Obama a one-term president needs to reassess its position in wake of solid numerical proof of their own failure.

If the election returns were not enough, the economic contraction caused by the GOP's stalling and dawdling while the economy tanks should be more than enough.

But sadly it appears the lemmings are still insistent in dragging us over the edge.

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1 Comments:

Anonymous Anonymous said...

Gee you kind of took it out of context. The 0.1% drop was mostly (according to the Defense Dept)because defense spending plummeted 22%, the biggest drop in 40 years. This is because of the drawdown in Iraq and Afghanistan and weapons maintenance. Isn't this a liberals ideal? What do you want to start a credit card war so spending will to back up? The increase in Social Security taxes is expected to take a half point off of growth for the year.

February 06, 2013 9:16 AM  

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