Years from now people are going to look back at this time when America’s credit rating began to sink and ask, “What the fuck were they thinking?”
The so-called tea party faction of the Republican party made a mountain out of a molehill — increasing the debt ceiling should have been routine, as it was during the Bush years when Republicans raised the it without question — and rattled the credit rating agencies. Speaker of the House John Boehner stretched out the drama too far and in the end agreed to steps too weak and indecisive. Standard and Poor’s chief sovereign ratings guru said basically that the tea party’s game of chicken ran America’s credit rating off the road.
What the fuck were they thinking?
The people who did this will try to blame President Obama, shameless bastards that they are, but I don’t think it will stick. The Prez tried to get some modest revenue increases along with deep budget cuts — steps S&P ratings people specifically asked for to preserve America’s AAA credit — but rather than raise taxes 3% on millionaires and close some egregious loopholes, Republicans threatened to sink the whole deal. They figured Obama would cave to outrageous demands rather than force a credit crisis, and they were right. But they didn’t know when to quit, pushed things too far, and here we are, America. Put on the Panama hat and sunglasses and welcome to the Banana Republic!
What the fuck?
To say it’s irresponsible to gamble with the nation’s credit fails to capture the contemptuous disregard of the tea party faction for good governance, especially after running up so much debt, no questions asked, under Bush Jr. Some people are starting to suggest the unthinkable: Republicans are deliberately sinking the economy to win the election in 2012. After all, it was not their policy proposals that brought the House back under their control in 2010; it was an economy that hadn’t recovered from the debacle at the end of the Bush years and a political environment poisoned by ideologically driven radicals on the right who came to Washington with The Fountainhead in one hand and their dicks in the other.
Irrational actions like we’ve seen from the Republicans during the past few weeks lead to questions about how low they’ll stoop. My answer to that question is another question: is bringing down the country low enough? When someone or a group of someones acts irrationally but in a calculated manner, it’s a sure sign of a secret agenda. Well, the GOP agenda has a stated agenda, by Senate GOP leader Mitch McConnell back in 2009: oppose Obama every way possible and take back the White House. Never mind that Obama’s agenda is to rescue the country after eight years of seriously bad management under Bush; that Obama is the easiest Democrat for the GOP to work with since Joe Lieberman: the GOP strategy is slash-and-burn, a game of chicken that they’ve decided ahead of time is to the death, no compromise, plow straight ahead and don’t veer an inch off course.
Unfortunately, these tactics win elections and make billionaire donors very happy. They thrive on chaos and disorder, throwing out fake battles to keep the public distracted while they systematically dismantle our democracy. America is no longer a democracy, by definition, nor is it a country of the people, for the people.
And now it no longer has perfect credit.