Republicans don’t care how high the unemployment rate goes. They don’t care how badly the economy collapses. In fact they believe their chances to elect their candidate to the presidency in 2012 improves the worse America does. They will even sabotage progress to win.
They have already demonstrated that in their willingness to hold America hostage for tax cuts for the Wealthiest Americans. They rail against unemployment because it raises the deficit according to them. They don’t care about raising the deficit 900 billion for tax cuts for the Rich. This is hypocrisy at its worst.
In the coming Congress you will see Republicans sabotage any bill that has any chance to create jobs because if America succeeds Obama succeeds and they lose. There is a viscious cycle of no jobs, no hiring, no demend for goods and services, no product sales, thus even fewer jobs. Even unemployment puts money directly into play that could stimulate the economy. Tax cuts for the Rich have done nothing but enrich the Rich for years.
Nouriel Roubini and Paul Krugman both believe the American economy is a fiscal train wreck waiting to happen. If the Republicans sabotage the economy including attempting to shut the Government down or refuse to raise the debt ceiling we will experience minimal economic growth if any at all, high unemployment ( some believe the real unemployment rate is at something near 20% ) and deflationary pressure. Any or all at once will throw us into a long Depression.
Between the Fillibuster and control of the house nothing will pass. If Republicans block a raising of the debt ceiling America will be unable to pay on its debt. This will not only have grave consequences for America but it could plunge the rest of the world back into Recession or Depression.
It is also the height of naivete to believe the economy is recovering at all. We make very little and therefore are producing very little wealth upon which to build recovery on. The Budget Deficit is essentially caused by declining wealth as opposed to the Republican lie about profligate government spending. Unless we begin to close the barn door our attempts to stimulate jobs will produce results in China not America. China’s growing Middle Class is directly the result of Republican policies for the last thirty years. No American can compete in a global economy based on thirty five cent an hour labor. The whole Republican economic story is based on slight of hand and absolute lies.
The only alternative, and the Democrats need to start writing one, will require a story that tells about the ways government when utilized properly, can help people and rebuild the American Dream. Republican deregulation of the banks, through Mortgage fraud and fraudulent lending practices is about to scramble the Average Americans ability to own property, which is an essential element of American Democracy.
As we get ready for Christmas all of us will notice the pain we feel at the gas pump. That is the next wave of the Republican plan to bankrupt the Middle Class. There is only one reason oil prices are rising. The speculators like Goldman Sach’s are betting on and forcing the price of oil up because with Republicans abilities to block Congress from doing anything there isn’t anything that can be done to stop criminal profiteering by artificially driving up the price. This will cause unemployment to rise even more and will cause the economy to fall even faster. Thus raising Republican pretense to coming to America’s rescue when it is their intentional sabotage that caused the problem in the first place.
By the time the election of 2012 comes into play there is a siginicant risk that things will be worse possibly much worse. In addition there was a time when Republicans intentional sabotage of the American economy for political gain would have been called treason. Now it is called the fault of the poor and the unemployed. Fox Propaganda Network will Con those who Republicans have victimized into believeing in these lies.