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Robert Reich: The Republicans’ Latest Ploy to Keep the Economy Lousy through Election Day

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ProSense Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:04 AM
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Robert Reich: The Republicans’ Latest Ploy to Keep the Economy Lousy through Election Day

The Republicans’ Latest Ploy to Keep the Economy Lousy through Election Day

Whatever shred of doubt you may have harbored about the determination of congressional Republicans to keep the economy in the dumps through Election Day should now be gone.

Today, in advance of a key meeting of the Federal Reserve Board’s Open Market Committee to decide what to do about the continuing awful economy and high unemployment, top Republicans wrote a letter to Fed Chief Ben Bernanke.

They stated in no uncertain terms the Fed should take no further action to lower long-term interest rates and juice the economy. “We have serious concerns that further intervention by the Federal Reserve could exacerbate current problems or further harm the U.S. economy.”

<...>

Translated: You try this, and we rake you over the coals publicly, and make the Fed into an even bigger scapegoat than we’ve already made it.

more


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RT Atlanta Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:07 AM
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1. They broke it, and can't fix it
and the sumbitches (with apologies to female dogs) won't do a goddamned thing other than anything to keep the economy in the dumps until election day on a desperate attempt at self preservation
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Robb Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:07 AM
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2. Cynical breakdown, but there it is. The GOP has zero incentive to help turn things around.
Republicans are best served if the economy is bad. Democrats are best served if it turns around.

As luck would have it, supporting Democrats has been my plan. You're welcome, America.
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Botany Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:08 AM
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3. But they have no control over the Fed. ....
.... that is why Obama went there because he has given up on trying to work the repugs. They are committed to see him
fail and to do so they will hurt as many people as possible.
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opihimoimoi Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:17 AM
Response to Reply #3
4. Further proof the GOP is throwing America under the BUS just to make O look bad
The GOPers are fucking America with poor decisions.

They should be replaced by Dems
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Botany Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:26 AM
Response to Reply #4
5. Obama was given the biggest shit sandwich in the .......
..... when he came into office and the repugs have done nothing but try to take
the bread away and blame Obama for the smell. Without the help from corporations
and the media their agenda would have become more apparent to the American
people.
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opihimoimoi Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 08:32 AM
Response to Reply #5
6. in their desperation....some series mstakes are being made... 2012? FAIL
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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 11:44 AM
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7. Reich: "Their 'number one' goal is to get Obama out of the White House."
Why do Republicans hate America?
After all, as Republican Senate head Mitch McConnell stated, their “number one” goal is to get Obama out of the White House. And that’s more likely to happen if the economy sucks on Election Day.

http://robertreich.org/post/10462900042
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Whisp Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-21-11 11:50 AM
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8. souless fuckers
how any democrat could get on their team and claim it's really helping is just friggen mind boggling.
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