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View Diary: Will House Republicans vote against their own debt limit victory? (123 comments)

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  •  Worse. That's coming next. (5+ / 0-)

    Yesterday I wrote:

    Obama's only "jobs plan" are the Trade Agreements

    Well, job creation would require spending... (17+ / 0-)
    especially to make up for the federal jobs, public sector jobs in states and municipalities, and the private sector jobs due to massive cuts in spending.

    But I did see Dan Pfeiffer speaking for the White House on Anderson Cooper a couple of days ago...

    (excuse me I'll have to paraphrase)

    Dan was saying that we need to get passed the deficit reduction deal so we could focus on jobs.

    I thought "great"

    Then Anderson committed an act of journalism and asked what job programs they had in mind.

    Dan said first we need to extend the payroll tax holiday. Secondly we need to pass some free trade agreements.

    WHAT???

    Tax cuts don't create jobs... and the payroll tax holiday jeopardizes the solvency of Social Security.

    With our Nations luck on Free Trade Agreements we can expect another NAFTA 2.0... which created jobs across the border.

    Sorry my friend. The Administration just isn't all that into your idea.

    This is a crisis I knew had to come, Destroying the balance I'd kept. Doubting, unsettling and turning around, Wondering what will come next.
    --Ian Curtis

    by jethrock on Mon Aug 01, 2011 at 09:12:33 AM PDT

    [ Parent ]

    •  just wait till the WTO steps in. (0+ / 0-)

      We tend to forget that the US's financial shenanigans don't stop at the border-----it affects the entire global economy too. And the global economic structure will not sit by idly while the children in the US play chicken with the world economy.  The WTO has already been pushing for expanded authority to gain jurisdiction over international finance. With our latest antics, I think we can look forward to that effort to succeed, and for the TWO to step in and put our house in order, under its terms, whether we like it or not. Just like Spain, Greece, and Ireland.

      What a delicious irony it will be when the IMF steps in and takes control of our economy because we can't be trusted with it.

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