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It's been five days since a ridiculously small minority faction of the House Republican Party (led by Senator Ted Cruz) grabbed John Boehner by the gonads and took the U.S. government hostage.  So far, most of the legacy media blather has been centered on closure of tourist sites, museums, and zoos.  The stenographic pool continues to create false equivalencies where none exist.  Even though THE FEDERAL FUCKING GOVERNMENT IS SHUTDOWN, it's still all smiles and chuckles from the talking heads on my TV & radio.  If I see Dana Bash or hear Mara Liasson do their "both sides" schtick one more time, I'm going to lose it.

I've been saying for weeks that the buttheads in the legislative branch who control the levers of government (yes, you, Eric Cantor) have no damned clue how the wheels of the many moving parts of government are almost like the works in a Rolex.  Now, Cantor may very well know how to wear a Rolex, but as far as having any idea how the gears and jewels inside the casing must operate in synchronicity in order for the watch to give the correct time - bupkis.  You might as well ask a howler monkey to solve a differential equation.

So when Lockheed Martin puts out layoff notices to 3000 employees, or Sikorsky Aircraft is laying off 2000 employees starting Monday because government safety inspectors are furloughed, don't expect Cruz and Cantor's crew to have any understanding.  Or when the cafeteria operations contractor at the Capitol cafeteria shutters the salad bar and lays off their entire staff because the big bad government can't pay the cafeteria contractor, it'll somehow be Obama's fault.

Today, the LA Times has a superb, fairly short article on more unintended consequences of the GOP tea party faction's hizzy fit:

Layoffs are beginning in the private sector. More investors are unloading Treasury notes. And beneath the surface of the apparent calm in financial markets, banks and corporate chief financial officers are quietly taking steps to prepare for what many see as a potentially disastrous scenario if lawmakers fail to raise the debt limit by the Oct. 17 deadline.
Why doesn't Wall Street get that?  The Kochs and Buffetts and Bloombergs should be in full fledged panic at this point.  They think they can pull Boehner's string and all of a sudden bring the wayward children back in line.  It's not going to work this time.  The 25 to 30 nihilists and anarchists in the tea party wing of the House GOP won't allow it, because they and their leader, Senator Ted Cruz, feel that this is their moment in history to change American history.  They will never again have this opportunity.

Again, from the LA Times:

At this point, few experts in government, business or academia think that Washington would dare to let the country default. House Speaker John Boehner (R-Ohio) has suggested as much in private discussions with members of his party.
Really?? The concrete is starting to cure.  In two weeks, the government will most likely still be shut down.  The cascade through private industry will be picking up steam.  There is no reason for any kind of optimism that Boehner can shepherd a clean debt ceiling bill through the House.

And so, is there any cause for expectation that the tea party wing of the GOP will have a modicum of motivation to go along with raising the debt ceiling?  John Boehner has lost control of the Cruz / Cantor clown car.  He's not going to be able to get a clean debt ceiling bill through the House any more than he's been able to move a clean continuing resolution to the Senate to get government workers back on the job.  

No one knows for sure what might happen next. But there's broad agreement among experts that a first-ever U.S. government default — at risk if the $16.7-trillion debt limit isn't raised — could trigger a major financial crisis. Treasury Department officials warned this week that it could be worse than the 2008 financial crisis and the Great Recession, labeling the prospect potentially "catastrophic."
No one knows for sure??  The sequester.  The government shutdown.  Defaulting on the debt ceiling.  It's a tea party trifecta and Norquestian wet dream.  I suppose you can be 99% certain, but still not "be sure".

Hang on for the ride.  You ain't seen nothin' yet.

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Comment Preferences

  •  I dunno, I think the 1% (8+ / 0-)

    can ride out quite a bit of recession and social turmoil for the opportunity to cut away layers of accumulated regulation and oversight and trim the government down to a size they can more directly control.

    "The Kochs and Buffetts and Bloombergs should be in full fledged panic at this point".

    Dick Cheney 2/14/10: "I was a big supporter of waterboarding" . . . . . . . . . . . . . . . UID: 8519

    by Bob Love on Sat Oct 05, 2013 at 05:54:46 AM PDT

    •  that's what I am afraid of (5+ / 0-)
      Recommended by:
      4Freedom, splashy, unfangus, Bob Love, Lujane

      TERRIBLE CALAMITY isn't so terrible if you have billions stashed away and expect to get cheap labor and no regulations, or toothless regulations with no money for enforcement, on the other side.

      Death, destruction, and social unrest are a small price to pay if they can increase their net wealth by a few percentage points. is America's Blog of Record

      by WI Deadhead on Sat Oct 05, 2013 at 06:32:49 AM PDT

      [ Parent ]

      •  Anyone care to guess what shenanigans (6+ / 0-)

        are going on or about to start as soon as federal regulators and inspectors are scarce?

        FDA - how much e. coli will you tolerate in your spinach?
        USDA - meat inspection, anyone?
        NTSB - inspections at crash sites, anyone?
        FMCSA - commercial buses and trucks on the highway - how are the brakes on that huge vehicle ahead of or behind you on the road?
        FAA - you want air control with your flight?

        Consumer protection? Bank regulation? Hazardous material manufacture, storage, and transport? Weather or economic information?

        The opportunity for mishap and misdeeds increases.

        I'm part of the "bedwetting bunch of website Democrat base people (DKos)." - Rush Limbaugh, 10/16/2012 Torture is Wrong! We live near W so you don't have to. Send love.

        by tom 47 on Sat Oct 05, 2013 at 06:58:17 AM PDT

        [ Parent ]

    •  Plus the 0.01% will be able pick up some (1+ / 0-)
      Recommended by:

      valuable assets at bargain prices.
      Other people's economic misery can be a great investment opportunity for those at the very top of the human heap.

  •  Recced for the title and concept: well-played. (6+ / 0-)

    and accurate.

    I envision Ted Koppel's hair.

    The chuckle-fucks on TV get paid no matter what and the MSM is LARGELY influenced by conservatives: they love the shutdown.

  •  Getting real (7+ / 0-)

    For 35 years (since Reagan began running for President), the GOP has capitalized on its claim that Federal spending was full of fraud and waste and we'd all be better off without it. They acted as if money spent just disappeared into some sort of black hole in the universe. Well, now people can see exactly where all that Federal spending goes, how it trickles down into communities and households. "Spending" on one ledger is "income" somewhere else.

    It won't make the True Believers change their tune. But it may make ordinary people, small businessmen, and moderate Republicans shut up about how awful all Federal spending is.

  •  US debt has already been downgraded due to (2+ / 0-)
    Recommended by:
    a2nite, Lujane

    the 2008 decline, and world markets are understandably nervous at a US debt default.

    It's becoming closer and closer, with Boehner appearing no more in charge of his caucus than he was a couple of weeks ago. If the impasse can't be broken, I agree that there could be disastrous repercussions for both the US and the global economy.

    So long as the bourgeoisie control the cultural institutions which define social reality, they will set the basic rules of debate and thereby control the range of possible outcomes. ~ Antonio Gramsci

    by 4Freedom on Sat Oct 05, 2013 at 07:05:06 AM PDT

  •  Thanks nt (0+ / 0-)

    nosotros no somos estúpidos

    by a2nite on Sat Oct 05, 2013 at 07:22:20 AM PDT

  •  The debt ceiling gimmick needs to be retired. (2+ / 0-)
    Recommended by:
    unfangus, Lujane

    That and the budget, a compendium that has no legal standing, which is why the weasels vote for the budget and then shrug their shoulders when things don't get funded in the appropriations process.
    The federal budget is like making reservations at a resort and then staying home.

  •  Small business will go under :-( (1+ / 0-)
    Recommended by:

    All of the restaurants and small stores near federal buildings are hurting big time.  I think the first to go under will be all the food trucks that roam downtown DC.

    My sis, fortunate in that her job is funded by private foundation money made it a point to visit her favorite --Popped Republic on Thursday when he was able to get to the Penn Quarter.  He is hurting, trying to find new neighborhoods to find popcorn lovers not on furlough.

    Me? I'm lucky in that I'm exempted so I'm one of the few still at the agency I work at in southern Fairfax county.  I'm certain the Indian buffet and other small places right outside the gate must be hurting, I fear at least one or more will go under.  

    I don't know if I will get a full paycheck next week or will I only be paid up to the 30th of September, I've been ultra-frugal for months now.

  •  Very well said! (1+ / 0-)
    Recommended by:
    Richard Cranium

    Would be recc'd for "The concrete is starting to cure."alone!
    My favorite though has to be;"You might as well ask a howler monkey to solve a differential equation."
    Thanks! no reason not to have a little chuckle while we pull our hair out watching these buffoons.

    'The tyranny of the ignoramuses is absolute and inescapable' A.Einstein

  •  they are going to have their hands forced (2+ / 0-)
    Recommended by:
    Lorinda Pike, Lujane

    by Wall Street... and not a minute beforehand.

    Down about 700 from its peak of just a few weeks ago..the big boys were unloading last week. This is a replay of the financial meltdown where the market held up while people were wondering if Bush will go with a bailout. Then, after the big boys got out.. he signed the bailout and the market took its real nosedive...

    This time around they are using the debt ceiling for the same purpose.. gives time for the big boys to get out and then when they extend the debt ceiling the market will takes its real nosedive.. and why? cause the shut down will still be in place and the economy will be getting ruined on a daily basis.

    The uncertainty created over whether Bush would sign the bailout or not, and whether we will default in two weeks or not are merely devices to create the uncertainty necessary for the big players to cash out.. then the "all clear" is sounded.. last time it was the signing of the bailout.. this time it will be the extension of the debt ceiling..

    In both cases one will bind the market dropping on that news rather than rising.

    And the GOP will not budge until the stock market forces their masters to lose so much that they finally cry uncle. We still have a ways to go for that this time... but just watch.

    No deal till Wall Street forces so much pain and losses to their precious wealth hoard that they throw in the towel..

    I would say sometime around Oct 20...

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