Cantor Canters

June 23rd, 2011 at 7:08 pm

A journalist just asked me what I thought of Eric Cantor abandoning the budget talks because the Democrats are insisting that the deal include both spending cuts and revenue increases.

I’ve been around this town awhile.  I could easily slip into the cynical Washington insider mode and write off this kind of political theater as strategy or posturing.  But not this time.

It’s profoundly irresponsible and reckless behavior.  Given the fragile recovery, the recent growth slowdown, and the looming debt ceiling, I don’t understand how someone elected to represent the best interests of the country can justify such an action.

I know…the R’s really don’t want revenues to be part of the budget deal.  But the reality is that they’re not running the country on their own and that means they’ll need to compromise.

Anyone walking away from that table needs to take a hard look at the extent of economic harship facing American families right now and ask yourself why prolonging that pain is worth the political leverage you gain from it.

The time for such game playing is long past.  Stop screwing around, cut the deal, and raise the debt ceiling.

 

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14 comments in reply to "Cantor Canters"

  1. D. C. Sessions says:

    Anyone walking away from that table needs to take a hard look at the extent of economic harship facing American families right now and ask yourself why prolonging that pain is worth the political leverage you gain from it.

    Power is its own reward. ‘Nuff said.

    Considering that a hefty majority of the US population doesn’t want the debt limit increased and will blame the Administration for the train wreck that will follow if it isn’t, this is an all-around win for the Republicans. Either they get to dismantle the New Deal and blame it on the Democrats (or at least share the heat equally) or they get the ultimate in “entitlement reform” (a default) with their long-promised bond vigilante necktie party, followed by dismantling the New Deal, and then get to blame all of that on the Democrats.

    Either way, President Bachmann will have supermajorities in both Houses to implement the agenda that the Right has been wanting for longer than most of us have been alive.


    • Brian P. Rabbit says:

      You said, “this is an all-around win for the Republicans”. I find this hard to believe since the President has offered compromise after compromise after compromise, including proposals made by the Republicans at the outset. Now, the Republicans’ preferred plan is no longer good enough for Them? o_O The President is showing He is willing to created a balanced plan which would not take effect until the economy has recovered. The Republicans have, instead, said, “No,” to everything.


  2. bill n says:

    @DC: President Bachmann? President Cantor maybe… As in why would he do the aforesaid?


  3. tom says:

    Yes, they aren’t worried about a default because they want to dismantle the welfare state by any means necessary. Plus, they are happy to see the economy sputter until Nov 2012.

    It could all backfire on them, however.


  4. Kevin Rica says:

    The Republicans should be given everything that they ask for on medicare and Soc security with the proviso that they kick in after the next election. The dems should say that they will then run on overturning that decision, making the next election a referendum on cutting grandma off.


  5. Michael says:

    The basic problem is that the R’s want either the economy to tank or for Obama to be responsible for the destruction of the Welfare State. They’re banking on Obama not calling them on this, and also the media not calling them on this.

    It’s a good bet; President Obama has a long history of allowing himself to be taken hostage, and the media is useless.


  6. Michael says:

    Let me rephrase: Jared Bernstein thinks that it would be bad if the US defaults, no matter who is President. Republicans think it’s good if the US defaults, if Barack Obama is President. The astonishing thing is that all of this is STILL THE DEMS’ FAULT, since it could have been seen a mile off, and could have been prevented through routine legislation back when the Dems had majorities in both Houses.

    It’s difficult to overstate how utterly incompetent my Democratic leaders are in the face of obvious, easily predicted, and utterly defeatable problems. My choice is between the useless and the malicious.


  7. readerOfTeaLeaves says:

    Dylan Ratigan had a guest ‘rant’ on this topic and it was a real breath of fresh air earlier this week.

    As I recall, the guest pointed out that Wall Street got its nose out of joint over Dodd-Frank, acted like the sky had fallen, and cut off its nose to spite its face by writing big campaign checks to the GOP and its Tea Party wing.

    Now, the Wall Streeters just cannot believe that the Tea Partiers might mean what they claim to mean, and the Wall Streeters are getting calls from Cantor and Boehner claiming that it’s all just for show. But those two can’t actually control their caucus. So now what?

    My view: this will be blamed on Obama, but that’s nonsense.
    The GOP really is this nuts and it is high time people woke up to that fact — and the Great Minds on Wall Street who enabled them had better take a long, solemn look in the mirror before they start blaming Obama or any of the rest of us.

    It would be incredibly ironic (yet fitting) if the same Wall Street donations that were motivated by spite over Dodd-Frank came back to haunt them as the GOP walks off the cliff and takes the rest of us with them.

    At this point, I just want out of the insanity of the continual hostage-taking and threats. These people are nuts.

    I say the rest of us had better figure out how to grow wings mighty fast, and if this makes the GOP and Wall Street less relevant, so be it.
    I won’t shed a tear.

    The rest of us will have to figure out how to be innovative enough to deal with it. That would not be the end of the world, and it beats the hell out of being politically threatened by the likes of Cantor and Boehner, to say nothing of Little Lord Blankfein and his ilk.


  8. Steve says:

    I see the other commenters beat me to being cynical for you but I’ll reiterate what they are saying anyway. The R’s don’t care about the pain of American families and will use the D’s empathy toward that to forward their goals at all costs. That’s what’s been happening for as long as I can remember.


  9. Jeff H says:

    Just so one more person says this ;)

    The Rs have been screwing around since Obama was elected. Notice how they have caused unemployment to run out each time it has needed to be extended. They barely made it under the wire to keep the government open. This will certainly go on as long as they are in the majority in the House, or until an R gets elected to the white house.

    They (Rs) act like petulant children. So, should we elect Palin and just get this over with all ready?


  10. John Butters says:

    How disappointing! I thought that was going to be a post on Georg Cantor.


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