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.
Thank you New York Crank! Sorry for posting on top of you!
ReplyDeleteThis a "coup," and more people need to start using that word.
ReplyDeleteMaybe if more people start using the word coup, then it might dent the thick skulls of our MSM "reporters" and punTWITS.
What else can you call it, when a majority of only one house of a bicameral legislation system in a representative democracy, decides to force it's will extra-legally, instead of via a legal system that has operated successfully for 226 years, but a COUP?!?!?!?!?!?!
Thanks, aimai, and no hangups for posting on top of you. These are times that give us all something that has to be said.
ReplyDeleteVictor: Coup, shmoop. It's terrorism and treason. Oh yes, and also a coup.
Yours crankily,
The New York Crank