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I Asked Whether Republicans Are Intentionally Trying To Tank The Economy To Get Obama Fired...
Business Insider ^
| 08/22/2011
| Henry Blodget
Posted on 08/22/2011 8:06:41 AM PDT by SeekAndFind
couple of months ago, when the Republican Party suddenly got serious about America's debt-and-deficit problem after ignoring it for a decade, the suspicion among cynics was that this newfound religion was just a convenient way to get President Obama fired and themselves reelected.
After all, swing voters vote with their wallets, and if the unemployment rate is as high in a year as it is now, Obama's probably toast in 2012.
But this charge--that Republicans would put their own re-election campaigns ahead of the well-being of millions of Americans by intentionally tanking the economy--seemed a stretch, even given the ethics of Washington.
Couldn't it be that Republicans actually believed that suddenly cutting government spending and never raising taxes would solve the debt-and-deficit problem and help the economy--despite the ample evidence from across the pond that "austerity" doesn't help balance budgets or turbocharge economies?
Yes, it could be, said those who had faith in their elected representatives. The Republicans actually believed this. That's why they were willing to force the US into default rather than raise the debt ceiling so the government could fund the spending they had already approved.
Well, as the debt-ceiling debate went down to the wire, it became clear that at least some Republicans--the Tea Party kind--would happily have tanked the economy to advance their own political goals (how else to explain the crazy voting of folks like Michele Bachmann, who actually wanted to put the country into default?). But perhaps the mainstream Republicans weren't so selfish and venal.
(Excerpt) Read more at businessinsider.com ...
TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: economy; obama; republicans
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To: PATRIOT1876
“For some reason the Ramones song about sniffing glue keeps running through my head.”
####
Sheena may have been a punk rocker, but the late Johnny Ramone (and the premier talent in the band), was a real conservative.
41
posted on
08/22/2011 9:17:52 AM PDT
by
EyeGuy
(2012: When the Levee Breaks)
To: the invisib1e hand
Henry Blodget (born 1966) is an American former equity research analyst,
currently banned from the securities industry, who was senior Internet analyst for CIBC Oppenheimer during the dot-com bubble and the head of the global Internet research team at Merrill Lynch.
In 2002, then New York State Attorney General Eliot Spitzer, published Merrill Lynch e-mails in which Blodget gave assessments about stocks which conflicted with what was publicly published. In 2003, he was charged with civil securities fraud by the U.S. Securities and Exchange Commission. He agreed to a permanent ban from the securities industry and paid a $2 million fine plus a $2 million disgorgement
42
posted on
08/22/2011 9:23:37 AM PDT
by
kcvl
To: SeekAndFind
That response is like torpedoing the SS Blodget, machine gunning the survivors and then letting the sharks have their turn. By the fourth point the crabs are nibbling on the little bit that is left.
43
posted on
08/22/2011 9:23:37 AM PDT
by
KarlInOhio
(The Repubs and Dems are arguing whether to pour 9 or 10 buckets of gasoline on a burning house.)
To: SeekAndFind
Sure, Hank, it’s the VRWC and not the inexperienced, Socialist moron in the White House.
Whatever.
To: EyeGuy
*Sheena may have been a punk rocker, but the late Johnny Ramone (and the premier talent in the band), was a real conservative.*
Yep, Johnny was great. I think he wrote most of the songs.
45
posted on
08/22/2011 10:05:03 AM PDT
by
PATRIOT1876
(The only crimes that are 100% preventable are crimes committed by illegal aliens)
To: bert
I guess this is just like the Democrats and their pals on Wall Street deliberately tanking the market in ‘08 to get Obama hired; according to the book Trickle Up Poverty.
46
posted on
08/22/2011 10:08:25 AM PDT
by
Jean2
To: SeekAndFind
Republicans trying to TANK economy?... Where”... HOW?...
Obama has been and is now doing everything that can be done ON PURPOSE...
to tank the economy.. AND THE republicans ARE TO BLAME?..
WHO is this guy?... He must be blind and cannot read..
47
posted on
08/22/2011 10:13:29 AM PDT
by
hosepipe
(This propaganda has been edited to include some fully orbed hyperbole...)
48
posted on
08/22/2011 8:20:08 PM PDT
by
Fixit
To: SeekAndFind
The author of this article,
Henry Blodget currently banned from the securities industry, went to Yale.
He was born and raised in New York.
What do you expect?
The liberal's problem is
psychological projection.
Liberals do this all the time.
Here's a definition.
Freudian ProjectionThe following is a collection of definitions of projection from orthodox psychology texts.
In this system the distinct mechanism of projecting own unconscious or undesirable characteristics onto an opponent is called Freudian Projection.
- "A defense mechanism in which the individual attributes to other people impulses and traits that he himself has but cannot accept.
It is especially likely to occur when the person lacks insight into his own impulses and traits."
- "The externalisation of internal unconscious wishes, desires or emotions on to other people.
So, for example, someone who feels subconsciously that they have a powerful latent homosexual drive may not acknowledge this consciously, but it may show in their readiness to suspect others of being homosexual."
- "Attributing one's own undesirable traits to other people or agencies, e.g., an aggressive man accuses other people of being hostile."
- "The individual perceives in others the motive he denies having himself.
Thus the cheat is sure that everyone else is dishonest.
The would-be adulterer accuses his wife of infidelity."
- "People attribute their own undesirable traits onto others.
An individual who unconsciously recognises his or her aggressive tendencies may then see other people acting in an excessively aggressive way."
- "Projection is the opposite defence mechanism to identification.
We project our own unpleasant feelings onto someone else and blame them for having thoughts that we really have."
And here's a problem with honest people.
(General) ProjectionHere projection is assuming that others act or perceive similarly according to this definition it is not necessary for a projected trait to be undesirable or unconscious.
Projection is probably inherent in social animals and the single most important psychological mechanism.
The following are given as examples:
- Individual A assumes that B sees the colour red as he does, until informed that B is colour-blind;
- Someone who never lies is easy to deceive because he projects his truthfulness onto others, assuming that others are honest also;
- It takes one to know one;
- An inept con-man fears that others are trying to cheat him, signals his fear and alerts others;
- (Freudian) An individual who possesses malicious characteristics, but who is unwilling to perceive himself as a protagonist, convinces himself that his opponent feels and would act the same way.
Liberals constantly
project their own
vile values onto conservatives, intentionally or unintentionally,
and they need to called on it, shamed on it, and laughed at to scorn, when they do it.
We MUST get rid of these evil people.
49
posted on
08/22/2011 8:30:29 PM PDT
by
Yosemitest
(It's simple, fight or die.)
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