Conservatism Blew Up The Economy

[Donnachaidh]

http://smirkingchimp.com/thread/cliff-schecter/39597/conservatism-blew-up-the-economy

So what do you do when financial analysts are warning that housing prices are headed for a "triple dip", the second largest Swiss Bank (Credit Suisse) announces it's piling 1,500 additional job cuts - many from the US - on top of its previously announced 2,000 (after a 12 per cent increase in profits this past quarter) and the federal government just sued one of the nation's largest privately held mortgage brokers (Allied Home Mortgage) for a decade of "fraudulent lending practices that forced thousands of Americans to lose their homes".

Seriously, could the economic Big Brains who think it's a good idea to take money out of people's pockets via spending cuts, while rejecting increased spending on our nation's crashing infrastructure, try punching "Japan" and "lost decade" into the Google machine? Or perhaps just admit their relationship to understood economics is like Kim Kardashian's marriage - shallow, somewhat entertaining, but ultimately embarrassing.

These right-wing members of Congress and inhabitants of the "pro-market", think-tank-welfare world, with their flip reaction the ongoing economic crisis, have begun to remind me of an exchange between John Travolta (trying to steal and sell nuclear weapons) and Christian Slater (trying to stop him) in the movie Broken Arrow. Slater's character says to Travolta's: "You're out of your mind," to which Travolta replies - while wearing a spooky Herman Cain-esque, I-just-gave-a-massage-to-my-secretary smile - "Yeah, ain't it cool."

Apparently, the only stimulant conservatives favour is whatever Rick Perry was mainlining during his speech in New Hampshire the other night.

More at the link --

[SpiralHawk]

1. Republiconomics is definitely to blame

Republicons are totally phony about being 'conservative.' They are in fact radical economic, environmental, and sexual whackos. As the record shows.

[Initech]

2. The banks can go fuck themselves if they're expecting triple dip.

:grr:

[izquierdista]

4. Third time's the charm

Maybe that's what it will take to put the big banks into receivership and bust them up into itty-bitty pieces.

[Vincardog]

3. WE need Democratic LEADERS to stand up and admit it

[ErikJ]

5. We've been trying this Voo-Doo economic crap for 30 years!

And look where its gotten us. $15 TRILLION in debt and 16% unemployment!! Voo-Doo economics = Doo-Doo

[LadyInAZ]

6. smiles. i like this