Tuesday, November 23, 2010

Kamikaze Capitalism: GOP out to destroy

I am not sure, at all, who this person is, but he has a column today in Marketwatch.com with this title.


Yes, Sen. McConnell, the drama’s unfolding, powered by your vow that the GOP’s “No. 1 priority” is destroying the Obama presidency. Not creating jobs … not economic recovery … not even national security.

Where will we be in twelve months? Eighteen?

Get it? America’s losing. And we better reinvent our Kamikaze Capitalism soon. Because the New Beijing Capitalism is winning the 21st century economic race, and we’re helping them beat us.

It doesn't take much imagination or perspicacity to see that the "Western" capitalist model is damaged. The right wing's response is to prescribe more of the same failed policies, to denigrate their opponents as unAmerican, America-haters or socialists, and promise bright days ahead for those that believe.

Friedman’s Disaster Capitalism peaked under Bush, adding trillions of new debt to pay for two costly wars, huge tax cuts and an increasingly privatized government. Today even Reagan’s Budget Director David Stockman warns “his GOP has destroyed the American economy.” Yet, even as GOP bullies keep adding insult to injury telling the world that their No. 1 goal is destroying Obama’s presidency, the gutless Dems continue talking compromise, failing by refusing to stand on principle and fight dirty on GOP turf, using their weapons against them, in a ruthless political war.

President Obama will have to make a choice in about four months, and no matter how many times he calls for bipartisanship, it will be a choice between caving in to the Republicans, or fighting them head-on.

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