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View Diary: The Hill: GOP postpones vote on debt bill 'indefinitely' (300 comments)

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  •  They (20+ / 0-)

    were put in office by the Koch brothers. They are being told to do this.

    Now why would that be?

    To deliberately crash this economy and force wages to plummet.

    To cut all social programs and anything that actually benefits the people rather than the rich.

    And to return the commons to the criminal rich like it belongs.

    Starting to get the picture?

    •  There's also a a strong possibility (17+ / 0-)

      that there are cutthroat bastards out there who stand to make small fortunes if we default.  Rather like the banksters did on all those CDOs and credit default swaps.  They will make a killing out of destroying the country's economy.  It may not fit the technical definition of treason, but it comes awfully damn close to the spirit of the thing.

      "Fighting Fascism is Always Cool." -- Amsterdam Weekly, v3, n18 (-8.50, -7.23)

      by Noor B on Thu Jul 28, 2011 at 08:18:10 PM PDT

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      •  It's what the entire past decade has been about, (7+ / 0-)

        ever since Bush got the PDB on 8/6/01 and told his security staff, "There, now, you've covered your ass.  Are you happy now?"  And now we control the Iraqi oil fields Cheney had divvied up, with an embassy there the size of the Superdome.

        We've had a decade-long scramble for capital and basic resources, a coup by multi-nationals and their bought muscle in government.  No laws, no rules, no oversight, no prosecutions.

        And it's still on.

        "And now we know that government by organized money is just as dangerous as government by organized mob." -- FDR

        by Mogolori on Thu Jul 28, 2011 at 08:25:18 PM PDT

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      •  koch fortune not tied to stock market (7+ / 0-)

        Kochs are a private biz with total ownership in family hands

        not even 1 bit of public stock

        They will weather it and gobble up everything else at basement prices

        •  Exactly. (4+ / 0-)

          And they are going to be the ones who "buy" the public lands members of congress have already said are going to be up for sale at bargain basement prices.

        •  True, but there apparently are other players. (2+ / 0-)

          Cantor, for example, has $15K in some fund or other that stands to cash out like slot machine on three cherries if we go into default.  He's not the only investor in it, either.

          I'm racking my brain trying to remember where I saw that bit of info.  I think it was on this site, but I'm not sure.  It could have been C&L, too.  It's been a really craptastic couple of days, and there's been more bad news than I can track.

          "Fighting Fascism is Always Cool." -- Amsterdam Weekly, v3, n18 (-8.50, -7.23)

          by Noor B on Thu Jul 28, 2011 at 08:47:56 PM PDT

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          •  Cantor's position isn't significant (2+ / 0-)
            Recommended by:
            Bob Duck, DEMonrat ankle biter
            Cantor, for example, has $15K in some fund or other that stands to cash out like slot machine on three cherries if we go into default.  He's not the only investor in it, either.

            If you're talking about the fund, I've seen it's a fund shorting treasuries.  I remember it was something like this fund.  Given how much Cantor probably has, it's probably nothing but a hedge against increased interest rates.  The effects of not raising the debt ceiling would cause more loses in his other holdings than the 15-30k max in profits he would make off of his position in the fund.

    •  yes. (11+ / 0-)

      the teabaggers are no ordinary tools of Wall Street.

      They are tools of radical, counterrevolutionary billionaires who want to return us to the Gilded Age by precipitating another Great Depression and applying the Shock Doctrine on its biggest scale yet.

      The Koch brothers have no interest in Obama's austerity policy. It is far too mild for them. Their vision of America can be seen in Scott Walker's Wisconsin--a neofeudal, fascist little fiefdom.

      Once the US defaults, they will be able to force a Greece-style sell-off of all public assets to private corporations.

      That forced privatization was imposed on Greece because they are under the euro and therefore had to accept conditions from the banks in order to be bailed out.

      Because America is sovereign in our own currency, our government will never have to be bailed out. So forcing that kind of fire sale is presumably impossible here.

      Unless, of course, the US were to default. Then we would be forced to sell off the assets of our federal government on the cheap in order to maintain our credit with the rest of the world. And they would be able to do the same thing to us that they are doing to Greece.

      That is, of course, the plan of the Koch brothers and the Club for Growth, who funded the teabaggers. They want the whole enchilada, and they want it now.

      "In America, the law is king." --Thomas Paine

      by limpidglass on Thu Jul 28, 2011 at 08:27:34 PM PDT

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      •  I'm (4+ / 0-)

        not sure why people don't know this by now. But this is exactly what is going on.

        •  people find it difficult to believe (3+ / 0-)
          Recommended by:
          Noor B, Joe Hill PDX, Green Bean

          that their entire world is about to be irreversibly and suddenly overturned.

          In six months America will look very different. In five years, it will be completely unrecognizable. It's hard to come to terms with that kind of seismic upheaval.

          And it's hard to understand just how ruthless and insane and delusional these people are. They are even more audacious and brutal than the Nazis. The Nazis took advantage of an existing Great Depression to build their movement.

          These people are deliberately engineering another Great Depression so that they'll be able to build their mass political movement out of the very people whose lives they shattered. Because the coming mobs of jobless will be furious, and the teabaggers will easily be able to recruit them into their ranks by giving them scapegoats on which to vent their anger--Obama foremost.

          They are willing to crater the whole world economy, plunge hundreds of millions of people, if not billions, into abject destitution and misery, and use nearly the entirety of the US government--the president, the mainstream Republicans in the House, and the whole Senate--to protect themselves from the explosion. All this just to seize power over America.

          Thinking about all that makes my head spin. It's no shock that people are slow to believe all this. It is something out fiction, except no fiction writer would be imaginative enough to even conceive of something like this.

          "In America, the law is king." --Thomas Paine

          by limpidglass on Thu Jul 28, 2011 at 08:58:08 PM PDT

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      •  I subscribe to this view. (3+ / 0-)
        Recommended by:
        limpidglass, Noor B, PorridgeGun

        The default is not accidental. It is by design, done by stupid people who are smart enough to know who's handing out the checks. You don't need to me brainy, you just need to be completely compliant. And look at you! Your in Congress!

        These are thugs working for people with a lot of money who live in Hong Kong, Dubai, West Vancouver, and New York.

        I am waiting in my car, I am waiting in this bar, I am waiting on your essence. - Lucinda Williams

        by Bensdad on Thu Jul 28, 2011 at 08:47:12 PM PDT

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