I worry about these GOPers. They do have a tendency to push their luck too far, you know.
The Republicans with decades of tax and wage policies concentrating wealth in the hands of fewer and fewer - resulting, inevitably, in stagnant wages for millions and inadequate demand for a healthy, growing economy; their mantra of Deregulation of the banking industry (Commodities Futures Modernization Act, e.g. unregulated trading in Credit Default Swaps by Casino Banks) - and fighting regulation already on the books (Predatory Lenders Partner in Crime - Spitzer) and with the use of recklessly expansionist monetary policy (to keep spending up by enabling the 'common buggers' to buy more than their increasingly meager incomes really could support) created the Trickle Down Deregulation disaster - the worst economic catastrophe this country has seen since the (first) Great Depression. They then fought and filibustered every effort of President Obama and the Democrats to help the economy recover from the Trickle Down disaster thus sabotaging and slowing any recovery before Obama and the Dems could get one going - thus husbanding what is now known as the Republican Economic Dystopia ("Unemployment Rate Without Government Cuts: 7.1%" - May, 2011: Wall Street Journal).
Yet despite all their efforts to undermine the repair and recovery of the economy, the Gangrenous Old Party was faced with an economy that was showing signs of starting to grow again: the Manufacturing sector grew in September at its fastest rate since 2011. Consumer purchasing grew in August aided by the biggest increase in worker earnings in six months. Clearly, this Republican Dystopia of an austerity enervated, 4 year long, slow recovery looked to be in peril. What to do, what to do?
The GOP still had a couple more weapons in their arsenal. They could threaten a Government shutdown and pile on with a threat of forcing a Default on the Government debt. They had done this before to great effect. It was an Improvised Economic Disaster threat that had worked wonders to throw a scare into businesses and slow the recovery in 2011 (Standard and Poor's lowers Government's Credit Rating to AA) (US firms hoarding $2 trillion - Aug 2011). That was just what the terrorists ordered for this current situation. And this could be dressed up in a propaganda package of demanding defunding of Obamacare. The Gangreneous Old Plutocrats cackled with crafty glee.
But, I am worried about the GOP. They have a knack for pushing their luck too far. What about the multitudes who have suffered so much for so long from the machinations of these Plutocrats. I would not want to see an angry complement of millions, unemployed and disenfranchised by the GOP, marching on Washington to confront these designers of depressions, dismantlers of Government and threateners of default. People who feel that any way they turn - they lose, are an irascible lot. These are not people to be screwed with.
note: Scarred by Financial Crisis, U.S. Companies Continue to Hoard Cash - Wall Street Journal, 2013
The Growing Corporate Cash Hoard - Bruce Bartlett - Feb, 2013
U.S. Corporations' Money Hoard Is Bigger Than the GDP of Germany - The Atlantic, July 2012
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