The right wing fanatics who base part of their insanity on their belief in the wisdom of free markets need to look at this chart. It shows how one free market, the stock market – as measured by the Dow Jones Industrial Average and the S&P 500 – has been reacting to the shenanigans of John Boehner and his fellow Republicans.
The chart comes right off Fidelity’s website at the close of market yesterday, Oct. 8. As you can see, it shows that things were going quite nicely for your retirement investments – until the Republicans start playing games in mid-September.
Clearly, the Republicans have done a good job of grabbing the controls and attempting to crash the airplane. They are economic terrorists, pure and sample, insisting that unless their minority has things their way they will wreck your 401(k) and your IRA, smash the economy, squash the recovering value of your home, crash what there has been of an economic recovery, ruin lives, and destroy the full faith and credit of the United States forever.
One might even conclude that their true objective is not only to kill Obamacare but also to deliberately kill the American economy, in the hope that a couple of years down the road, they will be able to use a Koch and other special interest contributions to spin a major American recession, or perhaps even another Great Depression, into a reason to vote Republican.
And if you wonder whether President Obama bears some responsibility for this mess, or whether it’s a pure Republican play, I encourage you to pay a visit to this Crooks and Liars post and laugh along with Jon Stewart as he catches John Boehner in a full-throated lie about who’s responsible – until you weep for America.