Quote:
Originally Posted by Rags123
Could you supply a link to this statement please !
Thanks
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I'm sorry I can't. It was in the "comments" section attached to an article in the WSJ on the debt negotiations. I can't even remember the exact title of the article.
Even this morning on
The Morning Joe on MSNBC, Joe Scarborough and the panelists discussed the untold damage that the U.S. has done to itself by essentially proving to the rest of the world that our system of government is incapable of dealing with major problems such as we're facing now. Some recalled how it took our Congress almost a week to pass the TARP legislation, even though it was clear that our economy was essentially shutting down hour-by-hour. Coming from the conservative Joe, I was surprised. Like the rest of us who are sitting by and watching this all play out, the panelists kept asking the same question I'd guess we're asking ourselves...why?
Is there any ideology or set of political objectives so important to justify doing major damage to our economy and our national reputation? The panelists gave several examples of politicians with pretty diverse ideological beliefs being able to negotiate and get important legislation passed. They mentioned Ronald Reagan and Tip O'Neill as well as Bill Clinton and Newt Gingrich getting important legislation passed by both "giving" a little in the negotiations. The panelists opined that the freshmen House members, the Tea Party members, are too inexperienced to understand either the damage that they're doing or how to play the Congressional game to further their cause. Comments were made that some of that caucus is still denying that a credit downgrade or default is even possible, a dangerous position to take in such a critical negotiation.
(By the way, if anyone hasn't seen the HBO documentary movie
Too Big To Fail, be sure to watch it. It's being re-broadcast this week on HBO. It really tells the story of what was going on behind the scenes at Lehman Brothers and in the Treasury Department back at the end of 2008 and early 2009. Highly recommended.)