Skip to main content

The Congressional Republicans live in a different world than the rest of us.

The web site of the House banking committee is all about repealing the Frank-Dodd Bill.
It is as though these people forgot how irresponsible banks nealy put us all in the poor house for years to come.

Republicans repeat thbat the more state jobs they cut, the happier big corporations will. Then they will begin to invest in jobs here in the good Ole, USA.

Now House Republicans are busy trying to derail the efforts of the states' attorneys general to work out a sensible settlement to the mortgage crisis. Some of them insist the constitution forbids Elizabeth Warren from talking to any of the state AGs or helping them coordinate their efforts.

The craziness has spread to the Comptroller of the Currency's Office, which is again carrying water for the banks. Meanwhile, the Justice Department is doing nothing constructiv e.; This reminds us that Eric Holder was first appointed by Ronald Reagan/

Democrats should be reminding people that the financial crisis came largely from the misbehavior of the banks. They should point out it was only last week that most of the big banks were released tight controls. Things are still so bad that 600 banks are kept under restrictions.

Democrats are saying little, letting the GOP narrative sink in. They say it was all abiout putting too many ordinary folks in houses they did not deserve--particularly blacks and other non-whites.

Obama seems to have joined in the other Repug narrativ e--  cutting state jobs andc funds for those who most need help will jump start the economy.  Sure!

There is a danger that the policies the GOP is imposing will lead to a bout of stagflation.
The inflation could ccome because commodity prices are high, and Japaanese reconstruction will drive them higher.

Stagnant demand will continue because ordinary folks are under pressure because their share of the GDP has been shrinking. Don't bother with the morality of all this. From an economic perspective, the problem is continued underconsumption.

Add in  the continued weakness of the banking sector and the non-revival of the manufacturing eector, and we have the possibility of either ye3aqrs of sluggish growth--like Japan-- or stagflation.

The former would best benefit the GOP. It wants to take up wiere Reagan left off in the early eighties. He used stagflation as an excuse to slash away at the safety net and hammer the unions.  There was much public resistance back then, but the electorate eventually rewarded him with re-election in 1984 when he sold them the story that it was morning in America.

This time, there might be less resistance. The GOP narrative seems to have convinced most that anything baqd that happens is due to Democratic policies.

Democrats need to start reminding people of what has really been hbappening and what could come from the policies the GOP is imposing.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  I mean this in the nicest way: (1+ / 0-)
    Recommended by:
    Whimsical Rapscallion

    Your essay is really charming.

  •  There's a reason why they don't (1+ / 0-)
    Recommended by:
    Democrats need to start reminding people of what has really been happening and what could come from the policies the GOP is imposing.

    They are the Washington Generals of the current political charade we still laughably call democracy.

    It's oligarchs and plutocrats from here on in.

    I recommend acquiring a taste for gruel, as it's considered bad form here to call for pitchforking and torching and that sort of thing.  So gruel... learn to love it.  No one with power is on our side anymore

    They didn't take baby steps when they saved the Rich.

    by Whimsical Rapscallion on Sun Mar 20, 2011 at 06:11:50 PM PDT

  •  Buying politicians isn't Cheap (0+ / 0-)

    Even Worse, they Never STAY Bought. You got to give the
    Crooks more money every election cycle. Those expenses
    add up real Fast.

    Back in the OLD Days, people used to Buy politicians using
    their OWN Money. That was a Very Risky proposition given the fact that there were still a Few HONEST politicians running for office. You could spend a pile of money trying to BRIBE a politician and still have no
    assurance that they would actually do what you wanted.

    The NEW Improved business plan is MUCH Better.
    Now They Buy politicians using Money that they STEAL from Other People. Much less Risk and much better Cash Flow.

    The Best Government that Money can Buy.
    And they are using OUR money to Pay for it.

    On Giving Advice: Smart People Don't Need It and Stupid People Don't Listen

    by Brian76239 on Mon Mar 21, 2011 at 05:55:17 AM PDT

  •  The outcome of budget fight will also be critical (0+ / 0-)

    I fully agree with the basic premise of the article.

    Republicans do not want to support the frail recovery.  They want to balance the budget on the back of the middle class and the poor so they can extend the tax cuts for the wealthy in Dec 2012.  A weak recovery increases their chance to force Obama to support tax extensions so as to get some additional stimulus from payroll tax reduction and some of the other stimulative measures of Dec 2010 tax compromise which expire in Dec 2011 ...  A new GOP blackmail be again in order here

    So far during the fight for the 2011 budget, Obama and the Dems have agreed to $10 billion in spending cuts so that the confrontation and looming government shutdown has been avoided till April 8.  GOP is pushing for $60 billion in cuts.  Anything beyond the $10 billion will be surrendering to GOP goals.  Obama and the Senate Dems must call the Republicans out for hurting the economic recovery.  Top Wall St firms such as Goldman Sachs and Moody's estimate between 700,000 and 2 million jobs lost due to GOP's deep cuts.  

    If the President and the Dems do not draw a line in the sand about further spending cuts, GOP will achieve all its political goals: further weakening of US economy and complete victory in 2012.

    [Readers, please also refer to the Daily Kos blog (of March 16) by Neos Ikaros which expands on this comment and complements nicely some of the arguments provided in this excellent piece by Big Chuck]

    •  Thanks, Neos (0+ / 0-)

      You're right, Dems need a truth squad consisting of pols with safe seats.

      They need to be reminding people every day that the Repugs have done nothing to create jobs and have consistently blocked efforts to stimulate the economy.

      The female members of a truth squad should be defending Warren and Barnes( a Republican) from the attacks of bankers and their Republican minions.

      These women have taken a terrible beating and it is not being covered

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site