Thursday, June 30, 2011

A new wrinkle in the Debt-Ceiling game of chicken?

Watching Keith Olbermann last night on Current TV (man I just love being able to type that) he brought up an interesting point about the whole republican "if we don't get what we want we'll let the country default" argument. Seeing as how the rethuglican party is merely the political wing of Major Corporations and Wall Street, wouldn't a default actually hurt their owners MORE than the average Joe?

Think about it, for the poor and over-burdened middle class in the US, the inability of the US Govt to pay on it's obligations is no different than what they have been facing themselves for years now. Let's face it any upheaval on Wall Street is unlikely to immediately impact them because not too many folks making minimum wage really give a flying fuck about the direction of the Dow Jones or the S&P 500. However, if the US defaults on its obligations, the Banks, and Wall Street, will be well and truly fucked. Therefore, doesn't that mean that this whole stance from the Tan-man is nothing more than bullshit and bluster? Afterall, he must know that they can't allow the country to default, no matter how loudly the tea-nuts screech, as this would displease his owners mightily.

I know I'm talking in broad strokes here, but shouldn't that be the single biggest argument for the Obama administration to rather than negotiate away more chunks of the social safety net, just simply sit back, fold their arms and like a parent dealing with an obdurate teenager, tell the republicans 'go ahead, let it default, see what happens'..and then see just how quickly the rethuglicans scramble to try and save face with their masters...?

Hell, I'd pay to see that.

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