The American Prospect has the article Fruits of Republican Folly by Robert Kuttner.
Since Barack Obama took office, the two Republican factions have complemented each other in a successful “good cop, bad cop” effort to ratchet down public spending. Wall Street creates one sort of crisis; the Tea Party creates another; government takes the hit. Except for the short-lived stimulus of the American Recovery and Reinvestment Act in 2009, this is the first prolonged slump of the postwar era in which government cut rather than expanded public spending.
With everything else having been cut, the pressure has shifted to the big social-insurance programs—so-called entitlements—that have thus far been protected. Once again, the corporate right and Tea Party right have called for a grand bargain targeting Social Security and Medicare.
Can anyone please explain why President Obama is so hell bent on cutting the throats of the Democratic Party and its elected Congress People?
Can he really be so ignorant of what every postwar President of either party has known about how to deal with a slump?
To brag on his “accomplishment” as shown in my previous post What So Proudly We Hail, shows that he is either completely ignorant, smoking something that is not Federally permitted, being held hostage, or some other explanation.
Notice that I have placed this post in the category of Greenberg’s Law of Counterproductive Behavior. Which translates to, please explain to me what Barack Obama is trying to accomplish. I am pretty sure, I no longer know.