Republicans are so afraid to upset Grover Norquist, they are willing to put the entire economy and global markets into chaos to protect the failed Bush tax cuts for the richest 1%.
The GOP pledges their allegiance, not to a flag or a Republic or a Nation, but to special interests and corporate profits.
"Republicans assume, and expect everyone else to assume, that the government is bringing in plenty of money to meet its needs. Sen. Jim DeMint (R-S.C.) went so far as to tell a national television audience this week, “Four of the last five years, we’ve had record levels of revenue.”
It’s important to understand how very wrong Republicans are about this. Federal revenues have dropped to 15% — a 50-year low. To bring the federal budget closer to balance, we’d expect to see this number around 19%. Given the fact that we’re fighting at least two wars and dealing with the aftermath of a brutal recession, all while worrying about deficit reduction, the fact that the right sees 15% as too high is insane."
We have a revenue problem. FACT
Republicans are completely and willfully wrong on this matter. FACT
Rep. Michele Bachmann (R-MN) "has long been a darling of conservative evangelicals, but shortly before announcing her White House bid she officially quit a church she'd belonged to for years," CNN reports.Bachmann was asked about her status with the church at the airport, but an aide "quickly hustled her away, noting they were late for a flight."
The Bachmann campaign declined to immediately respond to a request for further comment.
However, Jack Kilcrease notes she quit her church earlier this year when learning that her church taught that "the office of the Papacy is the Antichrist."
I'm sure Catholic Conservatives will have no problem with this. They gave Palin a free pass.
The Cantor obstruction is just a symptom of a deeper cancer. The deadly Norquist carcinoma aka “Starving the Beast”.
By “profiteering lobby,” I mean special interests who view safety regulations, financial oversight, and taxes on corporations and the wealthy an obstacles to maximum profit and maximum power, and spend unfathomable amounts of money to avoid/destroy them.
What the what?
Talk about absconding responsibility. The GOP does not want to make tough choices, so they kick all the power to the Executive Branch. The same branch they say is a socialist/Marxist/Kenyan and wants-to-destroy our country/economy.
How do the Tea Baggers feel now that they have been taken for a ride? The deficits never mattered because the Chamber of Commerce and Wall St give the Republicans their marching orders.
Funny how no one saw how the default would have crushed the very same corporations the GOP depend on. Their financial backers were telling them that if they block the debt limit being raised, the campaign checks will stop.
Yet, it was always framed how Obama was weak. Well guess what? They got outmaneuvered again! The Republicans will get nothing from this stand-off but pissed off Tea Klanners, pissed off seniors, pissed off Independents, and pissed-off fake deficit hawks.
They made promises they said they would keep. That they’d never give in on.
Cowards. The lot of them.
President Obama’s reelection campaign released a video revealing that they have raised a combined $86 million for Obama for America and the DNC between April and June, shattering previous single-quarter fundraising records and far surpassing the campaign’s stated goal of a $60 million haul. The funds were raised from 552,462 donors.
Technically, the re-election campaign raised $47 million while the DNC raised $38 million.
Morning Score: “The $86 million raised for Obama’s reelection easily doubles — and nearly triples — all the major GOP candidates to announce so far, combined. While there are a few Republicans who haven’t shared their numbers, including Michele Bachmann, the group that includes Mitt Romney, Ron Paul, Tim Pawlenty, Jon Huntsman and Newt Gingrich has taken in just $33.1 million.”
(Source: politicalwire.com)
[On the left is a] chart showing private-sector job creation in the latter half of 2010, when stimulus money was still being spent, and when Democrats enjoyed the congressional majority.
[On the right is] a chart showing private-sector job creation so far in 2011, after stimulus spending largely ended, Republicans took control of the U.S. House and most of the nation’s gubernatorial offices, and the national discourse pivoted from jobs to the deficit and debt.
How would you grade Republican leadership? A complete failure and reversal of the job growth that Democrats created. And Mitt Romney likes to talk all about who “made things worse.”
The Republicans, when in office, borrowed and spent as much as they could. Now, with Obama in office, they want to threaten a default on the debt they created.
Recall all Republicans in 2012.
The GOP benefits from never having to change and the voters who don't seem to care. Let's be adults about the way we take care of each other.
The final nail in the supply side coffin: taxes are low, interest rates are low, corporations are sitting on $2 trillion in cash - but nothing "trickles down" to the American worker“The theory of supply-side economics tells us that if you cut taxes on rich people and corporations, the newly liberated moguls and businessmen will take their windfall and invest it, creating jobs and accelerating the rate of economic growth. The benefits of a light hand on the upper class, therefore, will “trickle down” to the working man and woman.
Ever since Ronald Reagan first attempted to make supply-side economics a reality and proceeded to inaugurate an era of persistent government deficits and growing income inequality, it has become harder and harder to make the trickle-down argument with a straight face. But we’ve never seen anything quite like the disaster that’s playing out right now…”
But where were you, Mr. Brooks, when Ronald Reagan and George H.W. Bush openly and vigorously played the race card to win the White House? When the Right was rising to power on the backs of the poor, the weak and the powerless? When Newt Gingrich and GOPAC taught Republicans to call Democrats “traitors” and “liars” and “unAmerican” in every speech? Where were you when your Dear Leader lied us into a catastrophic war and then lied to us to keep us there? Where were you when Terri Schiavo’s mortal remains were being tossed around like a puppy’s chew toy for pure, partisan political advantage? Where were you when New Orleans drowned? When Reagan killed the Fairness Doctrine and gave birth to Rush Limbaugh?
“The members of this movement have no economic theory worthy of the name.”
But where were you, Mr. Brooks, when voodoo economics was hollowing out the middle class and destroying our industrial base? Where were you when radical banking regulation was setting us up for the kill? When Republicans were running up crippling deficits and then demanding that Democrats pick up the tab?
You see Mr. Brooks, as hard as you try to pretend otherwise, you are not an alarm bell in the night warning a sleeping nation of impending disaster.
You are just another symptom of that disaster.
Because, Mr. Brooks, the answer to the question “where were you?” is a simple one : you have been busy being fatally, loudly and very, very profitably wrong about your Party and your Movement your entire fucking life.
Eric Cantor Invested In Fund Where He Would Profit From Government Default
Last year the Wall Street Journal reported that Cantor, the No. 2 Republican in the House, had between $1,000 and $15,000 invested in ProShares Trust Ultrashort 20+ Year Treasury EFT. The fund aggressively “shorts” long-term U.S. Treasury bonds, meaning that it performs well when U.S. debt is undesirable. (A short is when the trader hopes to profit from the decline in the value of an asset.)
According to his latest financial disclosure statement, which covers the year 2010 and has been publicly available since this spring, Cantor still has up to $15,000 in the same fund. Contacted by Salon this week, Cantor’s office gave no indication that the Virginia Republican, who has played a leading role in the debt ceiling negotiations, has divested himself of these holdings since his last filing. Unless an agreement can be reached, the U.S. could begin defaulting on its debt payments on Aug. 2. If that happens and Cantor is still invested in the fund, the value of his holdings would skyrocket.
(Source: oliverwillis.com)
Do you need any more proof that Republicans are the worst? Party over country every step of the way.
![[On the left is a] chart showing private-sector job creation in the latter half of 2010, when stimulus money was still being spent, and when Democrats enjoyed the congressional majority. [On the right is] a chart showing private-sector job creation so far in 2011, after stimulus spending largely ended, Republicans took control of the U.S. House and most of the nation’s gubernatorial offices, and the national discourse pivoted from jobs to the deficit and debt.](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_sQfc5bJS8rw6RnM1kPFhI2Hxf8gavpqpZzoGZP9OQVxPHj7lAH9f_Lb4j8MZIOiroue-lrK_GQkd3NZb36NdgCEERajfgJjJ7nD6c0-kM_qKWH-ScHH9mxYdfqQbYdzTg=s0-d)
