Friday, September 02, 2011

At this point, it should be apparent to most non-Tea Baggers that the stimulus was not big enough given the scope of our economic problems. Krugman has been saying this forever. Meanwhile, we've been put into a fiscal straight-jacket thanks to ignorant Republicans (who as Kevin writes, argue that WWII got us out of a similar situation not too long ago).

The fact is with an election year around the corner, Republicans will not go along with anything that might have a chance of working to improve the economy. Partisanship before country is their rule.

However, it's no coincidence that riots have sprung up all over, in unrelated places like Philadelphia, London, Chile, Egypt, Libya, etc. The Tea Bag faction did hold the entire country hostage during the debt-ceiling "debate" and their shenanigans played a big part prompting the S&P downgrade. If social unrest continues to spread and escalate due to high unemployment, food price inflation, and increasing wealth disparity, to name a few reasons, one has to wonder if the GOP will stick with their staunch austerity positions.

Whereas Tea Baggers used blackmail to get what they wanted in the form of spending cuts and no taxes, if the economy remains weak or worsens, there's a good chance more outbreaks of unrest will occur due to dire frustration and anger. Will such unfortunate and threatening acts serve as reverse-blackmail, provoking action from Republicans?

Look, of course no one wishes to see violence erupt -- duh. But while we constantly hear about how 1% own 40% of the wealth or similar such stats, need I remind that 1% of the approximate 300 million people in this country amount to just 3 million. In other words, the super-wealthy are outnumbered 297 million to 3 million. I have a feeling this notion is not lost on many of the 3 million and could make them very nervous if conditions in this country, or elsewhere, truly get ugly.

Again, let's pray it doesn't happen, that it doesn't come to this and things do improve, but foolish, misguided decisions frequently have consequences.

No comments: