TARP’s Shadow: Why Tea Partiers won’t listen to the establishment, even as a debt crisis looms

City Journal ^ | 15 July 2011 | Nicole Gelinas

[EternalVigilance]

The Democrats propose to tear down the Washington Monument. The Republicans counter with a plan to do it in three stages. They settle on a “bipartisan” plan to do it in two stages. That’s the Washington, DC way in the age of the two-legged Republican/Democrat socialist beast.

[Samizdat]

Oh yeaaaaah!

[JRandomFreeper]

A Treasury default would be worse than the financial crisis of 2008.

For who? Those of us living in the bombed out aftermath are already eating squirrel for supper a couple of times a week. They gonna kill the squirrels?

The nation and the financial system needs a tonic to clean out the dreck.

Then, we can begin, again, older, wiser, and poorer. You know, the way humans learn things, for a short time.

/johnny

[Jim Robinson]

Well, no matter how you slice and dice it or twist and turn it, the real problem remains the same. Big, bloated, expensive, overbearing government. And the solution is simple. Repeal ObamaCare. Shutter the EPA. Call off the ridiculous war on coal, oil, gas and energy. Scrap the so-called green energy boondoggle. Cut government salaries, pensions, benefits, unions, etc. Cut the strangling regulations and bureaucracy. Cut the red tape. End the war against capitalism. Cut the size and scope of government. Drastically cut the spending. Cut the taxes. Get the government off our backs and out of our way. Set our people free to produce and let the free economy soar!!

[GeronL]

TARP was a bad idea from top to bottom. I think history shows that.

If companies are going to fail, let them fail and let their competitors fill the vacuum.

[Jim from C-Town]

What a bunch of horse crap. We should have stopped borrowing years ago so we have to borrow more now. Not one word of killing some of the waste in D.C. Not one word of firing 1 government worker or eliminating one government perk.

These people a completely un-serious!

[Left2Right]

Shut

It

Down

[jimmygrace]

Obama will have to CHOOSE to not service the debt, at which point Republicans can criticize his priorities. Why would he ruin our credit and our country and still spend money on modern art for the rich? Why would he keep Obamacare and ruin the country’s credit? There is no downside to the Republicans holding firm on the debt ceiling. What is the point of having a debt ceiling if it keeps getting raised everytime? Is it a real cap or just a lie to the American people?

[CowboyJay]

We can either take action now and control our own trajectory, or wait 10 years and let the markets do it for us. The problem with kicking the can down the road, is that eventually you run out of road.

[Texas Fossil]

Cut the size and scope of government.

Yes, it is TIME to DownSize DC! Close entire departments, beginning with the U.S. Dept. of Education (re-education) and their SWAT team.

[GeronL]

I don’t think they will ever listen. Listening to the people isn’t even in the top 5 for the GOP, much less the socialists.

[GeronL]

He might choose not to service the debt on purpose.

The Cloward-Piven/Soros strategy: Maximum Chaos

It’s definitely a real possibility

[P-Marlowe]

I think it is time the banks bailed out the government.

[dadfly]

The problem is that many Tea Partiers consider TARP such a terrible idea that they would have chosen to brave a worse financial disaster instead.

let's see, a "worse" financial disaster then the loss of the republic, our God given freedom. a "worse" financial disaster then the current 2nd great depression. a "worse" financial disaster then the ruination of the futures of our children and grandchildren. how patently silly and selfish are the statist's claims. free enterprise is a dynamic, beautiful, self-correcting economic power house. the problem with the statist is that they are either actively trying to destroy it (marxists like the president) or the don't trust it because it is beyond their mental abilities to entirely grasp.

[Night Hides Not]

We can either take action now and control our own trajectory, or wait 10 years and let the markets do it for us.

I don't think it's going to take 10 years.

[hosepipe]

Nice rant...

[hosepipe]

[ It’s definitely a real possibility ]

So true.. He is trying to dismantle the whole American system.. piece by piece.
Call it sedition or sabotage or treason..
There are elements of all three..

The FBI sleeps.. and is totally AWOL... even complicit..

[CowboyJay]

"I don't think it's going to take 10 years."

You're right. Maybe 5 at our current borrowing pace. I was giving them the benefit of the doubt.

[lentulusgracchus]

What is the point of having a debt ceiling if it keeps getting raised everytime?

Another thread was pointing out how, when the Dims (with George Mitchell leading, and Dick Darman providing the essential Benedict Arnold RiNOweasel stab in the back) b.s.'d Bush 41 into breaking what was just about the only ironclad political promise he'd ever made: "No New Taxes!", that the "solution" turned out to be ALL TAXES and NO SPENDING CUTS, and the budget was right back in the soup two years later.

Rush Limbaugh was pointing out the other day that every time we turn around, Obama or somebody on their side makes a Freudian slip and says, well, we'd rather have some new programs! The Dims will spend every tax dime the Pubbies give them, and 25% more, just like they always do. Their bad faith is like a stinking black cloud. Nobody can miss it.

Certainly not this woman -- and listen to her tone! Contemptuous, peremptory, abusive: Just sign the damn bill! Nobody cares about your "principles" or "solving the problem" -- that train left the station in 1994!

She needs to spend the rest of her life humping baskets of sea-salt in a salt pan somewhere.