Tuesday, May 16

When the Dems Lose Paul Krugman on Economics

"Maybe the administration expected moderate Republicans or business groups or supposedly nonpartisan advocacy groups to somehow step in and pressure the G.O.P. to produce a clean debt ceiling bill. But I don’t see how anyone who has been awake for the past 15 years could have believed that was a real possibility.
And sure enough, after months of asserting that it would never engage in negotiations over the debt ceiling, that it would accept nothing less than a clean increase, the administration is now … negotiating over the debt ceiling."

you know things are gloomy and they are going to cave

I think Paul is correct:  extraordinary economic times call for extraordinary measures because we're just playing politics here.  If you want to "fight", now is the time.  If you cave economically now, don't expect many lower-income voters to continue supporting the Democratic party that refuses to put it all on the line and fight the establishment Republicans who are gaming the system with their accumlated wealth.

Call the bluff already...*

Let them tank the nation's economy and let those with significant fortunes share the pain.  If we're all feeling it, maybe we can learn it's best to work together in the country --  politically too -- for the best collective outcome for all.

(If the ship going down, at least make the wealth scramble for the limited space on the lifeboats.  Next time, they'll think about building a better ship that serves passengers of all economic classes.) (?)

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* "Well it seems like I been playing this game way too long, and it seems the games I played has made you strong..."