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View Diary: Grover Norquist insults Obama (310 comments)

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  •  “The debt ceiing is a very serious thing, (6+ / 0-)

    including internationally."

    Yes.  Four years ago we were embroiled in a financial crisis that took us to the edge of a global depression.  That would have caused suffering here; but for the poor nations it would have meant a horrific cost in death, further impoverishment, and destabilization.   Now Grover and his merry band of GOPers want to throw a little more financial mayhem into the international system.  Hey, why not?  

    Trust fund baby that he is, a lifer in the Bubble, Grover has no idea what he’s doing.  And if he did, I doubt he would care.
    He’s also willing to risk lasting harm to the US.  Our currency has been weakened over recent decades; it’s no longer the undisputed reserve currency of the world.  But it still plays a major role, and that role adds considerably to our economic strength.  And that role is utterly dependent on the reliability of the faith and credit of the United States.  Our credit is literally as good as gold.  We took a minor hit from the last debt ceiling crisis.  Minor.  A minor little crack in what used to be a solid edifice.   Now Grover and his boys want to do it again.  And again.

    Once more you have to wonder if they have any idea what they’re playing with.  Grover should; but his holdings are probably international enough that he doesn’t worry.  And the ignorant Tea Partiers don’t begin to understand international economics, and see no reason why they need to.  

    These are the clowns that the plutocrats fund and set to meddling with our future.


    --------------------- “These are troubling times. Corporation are treated like people. People are treated like things. …And if we ever needed to vote, we sure do need to vote now.” -- Rev. Dr. William J. Barber

    by Fiona West on Thu Dec 13, 2012 at 10:55:48 AM PST

    [ Parent ]

    •  At some point you have to think (1+ / 0-)
      Recommended by:
      Matt Z

      that other plutocrats will decide that the Kochs and Devos and so on need a good talking to.

      Economics is a social *science*. Can we base future economic decisions on math?

      by blue aardvark on Thu Dec 13, 2012 at 12:42:48 PM PST

      [ Parent ]

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