Republicans want to kill job creation

The Loved The Fed (0.00 / 0)

When Greenspan was preventing Clinton from spending much money to help the working class in the 90's.

You are dead on about why they want to reign in the fed now. They want to cut obama off at the legs.

They've already had a death bed conversion to fiscal conservatisim over the deficit that will keep us from spending any money on infrastructure or anything else to get the economy going.

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by: Hollowdweller @ Wed Nov 17, 2010 at 15:40:45 PM UTC

Dick Cheney: "Deficits don't matter" (0.00 / 0)

Suddenly the Republicans care about deficits. But here's what Republicans said when they ran up record deficits when not needed to stimulate the economy:

Cheney to Treasury: "Deficits don't matter"
Former Treasury Secretary Paul O'Neill was told "deficits don't matter" when he warned of a looming fiscal crisis.

O'Neill, fired in a shakeup of Bush's economic team in December 2002, raised objections to a new round of tax cuts and said the president balked at his more aggressive plan to combat corporate crime after a string of accounting scandals because of opposition from "the corporate crowd," a key constituency.

That came back to bite us on the ass.

O'Neill said he tried to warn Vice President Dick Cheney that growing budget deficits-expected to top $500 billion this fiscal year alone-posed a threat to the economy. Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter," he said, according to excerpts. Cheney continued: "We won the midterms (congressional elections). This is our due." A month later, Cheney told the Treasury secretary he was fired.

When a man embarks upon a crime, he is morally guilty of any other crime which may spring from it. Sherlock Holmes.

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by: Carnacki @ Wed Nov 17, 2010 at 16:14:56 PM UTC

[ Parent ]

First it was the 14th Amemdnment, Equal Protection, and (0.00 / 0)

also what gets all the federal stuff applied to the states. So that has do go. And if anchor babies get thrown out with the bath water, too bad.

Next was the 17th Amendments. Citizens United worked so well, why not just make what Tom Delay is on trial for in Texas the regular order? Money going directly to state legislators for Senate appointments. That will surely gets Congressional district back to compact, not.

So now the bond fairies have their turn and the Employment Act of 1946. Sen. Hubert Humphrey and Rep. Augustus Hawkins introduced another bill in 1976. Not as sexy as a Constitutional Amendment, but, hey, they are fairies. How do we square the no COLA non-inflation with Boob Corkscrew's hyper-inflation vigilance?

With a Mobius strip.

NFTT: Support My Team or I Will Dance

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by: CA Berkeley WV @ Thu Nov 18, 2010 at 03:01:07 AM UTC