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The always-brilliant Chris Hayes was a guest on Bill Maher's show last Friday, and made such a great point about the Republican economic argument that I have to pass it on. Hope I can do it justice.

Hayes was commenting on how the Republicans continually beat up on Obama for the lousy economy. He described it as kind of a weird inversion of the "entitlement mentality." Sometimes the economy sucks--that's a fact of life. But Republicans are acting like business is entitled to always have a great economy to operate in.

You may not be entitled to government-provided health care, but capitalists are entitled to a rip-roaring economy at all times. Anything less is a failure of the current administration, and they must be punished for it.

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Comment Preferences

  •  yep the entitlement meme irks me (10+ / 0-)

    as I hear SSDI referred to as an entitlement.  As I point out to wingers, SSDI is a form of insurance and I receive SSDI because I am disabled.  I am disabled due to the work I did. There is a direct, linear relationship between my work, my purchase of insurance and now my collection of said benefits in accordance with the contract.

    It amazes me how many people who think SSDI is given to people who have never worked (or had relatives who worked in the case of minors).  I have found a few who argue that SSDI is granted to people in exchange for voting the Democratic ticket.  How do you argue with such people?

  •  Saw that one, too. (4+ / 0-)

    Given more space to expound, I think he could and would have expanded upon it.

    Purging predominantly minority voters and requiring them to present IDs to vote in the face of VIRTUALLY NON-EXISTENT VOTER FRAUD is RACISM! I hereby declare all consenting Republicans RACISTS until they stand up and object to these practices!

    by Words In Action on Mon Sep 17, 2012 at 07:37:59 AM PDT

  •  Heh. And that's after the financial industry used (0+ / 0-)

    their swimming pool as a sewer.

  •  Billionare Entitlement (6+ / 0-)

    Just look at where all the money went. Bailouts went to big business, QE I, II and III were all created to keep interest rates low so banks would lend more.  The problem is that when big businesses turn profits while the rest of the country is struggling they have no motivation to do anything.  Its reverse welfare. Banks just sit on their asses and do nothing, and the government keeps writing them checks.

    •  What I heard on MSNBC about the theory of QE (0+ / 0-)

      The idea isn't to give money to banks per se.

      The goal behind it is actually to drive down bond rates. That way, banks don't have any incentive to just sit on piles of cash, because they can't get as good a guaranteed return on the money in them.

      In other words, it's meant to be both a carrot and a stick.

      We don't want our country back, we want our country FORWARD. --Eclectablog

      by Samer on Mon Sep 17, 2012 at 08:50:21 AM PDT

      [ Parent ]

      •  thats true but.. (0+ / 0-)

        I think the point I am trying to make is that when the banking system collapsed the government stepped in to bail out the major banks.  That goes completely against any notion of "free market economics".  The burden of the banking crisis fell primarily on home owners and workers while the banks for the most part saw no major penalties.  So why should they be discouraged from taking risky investments going forward? The government basically said to them hey you guys really Fu**ed stuff up, but here is a bunch of money please don't do it again.  I don't disagree that the banks should have been bailed out, but to say the people responsible have ever recived any "stick" to their carrot is utterly laughable.

  •  When the economy is good, it is because (2+ / 0-)
    Recommended by:
    penguins4peace, bluegrass50

    business is such a awesome driver of capitalism, when it is bad it is because government can't make them feel better about themselves.  Let's face it, the economy still sucks because the banks are still broken.  Debt is the grease of robust capitalism and we over indulged and we are in a period of regrouping.  We were on a debt binge for 40 years and now we have a hangover and it is going to take more than a couple of years to recover.  

    The woman from the Economist was very good as well, she diagnosed the problem in a couple of short sentences.  I want to trade Europes conservatives for ours, at least they are somewhat reasonable.

    •  It is the inverse of Faith (0+ / 0-)

      When good things happen to you in your life, you need to give thanks to God for his many blessings.

      When bad things happen to you, they are your fault and you should pray to God to help you through them.

      Красота спасет мир --F. Dostoevsky

      by Wisper on Mon Sep 17, 2012 at 11:14:15 AM PDT

      [ Parent ]

  •  Also, too: "shared sacrifice" (2+ / 0-)
    Recommended by:
    fumie, bluegrass50

    If we're in for a period of austerity/"shared sacrifice," in which the average person gets less help from the government or pays higher taxes (or both), shouldn't corporations also share in the sacrifice?

    "In an individual, selfishness uglifies the soul; for the human species, selfishness is extinction." -Cloud Atlas, by David Mitchell

    by rigcath on Mon Sep 17, 2012 at 08:10:45 AM PDT

  •  Chris Hayes has the best.... (2+ / 0-)
    Recommended by:
    parse this, Calamity Jean show on the tube and Melissa Harris-Perry isn't far behind.   The contrast between Chris' show and Morning Joe is stark.

  •  Until Chris Hayes got his own show (1+ / 0-)
    Recommended by:
    Calamity Jean

    I was hoping he would replace Meet The Press GOPer love child David Gregory. I had to stop watching MTP soon after Tim Russert passed away. He must be rolling in his grave and Luke has to be sticking pins in a Gergory voodoo doll. Gregory constantly uses Fox/right-wing talking points to frame questions. Do some reporting or go join the Fox organization.

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