On July 9, 2011, Republican extortionists threatened the Nation with financial ruin and international disgrace unless their demands were met. They refused to raise the debt ceiling unless Democrats agreed to massively cut social programs for the elderly, poor and disabled.
If Congress failed to raise the borrowing limit of the federal government by August 2, the date when the U.S. reached the limit of its borrowing abilities, it would begin defaulting on its loans.
As Warren Buffett, CEO of Berkshire Hathaway, explained the looming economic catastrophe: “If you don’t send out Social Security checks, I would hate to think about the credit meeting at S&P and Moody’s the next morning.
“If you’re not paying millions and millions and millions of people that range in age from 65 on up, money you promised them, you’re not a AAA,” said Buffett.
Warren Buffett
A triple-A credit rating is the highest possible rating that can be received.
And while Republicans demanded that the disadvantaged tighten their belts, they rejected any raising of taxes on their foremost constituency–the wealthiest 1%.
To raise taxes on the wealthy, they insisted, would be a “jobs-killer.” It would “discourage” corporate CEOs from creating tens of thousands of jobs they “want” to create.
Republicans knew this argument was a lie. And so did the editors of Time. The difference between them: The editors of Time were willing to reveal the truth.
In its June 20, 2011 cover-story on “What U.S. Economic Recovery? Five Destructive Myths,” Rana Foroohar, the magazine’s assistant managing editor in charge of economics and business, delivered this warning: Profit-seeking corporations can’t be relied on to ”make it all better.”
Wrote Foroohar:
“There is a fundamental disconnect between the fortunes of American companies, which are doing quite well, and American workers, most of whom are earning a lower hourly wage now than they did during the recession.
“The thing is, companies make plenty of money; they just don’t spend it on workers here.
“There may be $2 trillion sitting on the balance sheets of American corporations globally, but firms show no signs of wanting to spend it in order to hire workers at home.”
As the calendar moved ever closer to the fateful date of August 2, Republican leaders continued to insist: Any deal that includes taxes “can’t pass the House.”
One senior Republican said talks would go right up to–and maybe beyond–the brink of default.
“I think we’ll be here in August,” said Republican Rep. Pete Sessions, of Texas. “We are not going to leave town until a proper deal gets done.”
President Obama had previously insisted on extending the debt ceiling through 2012. But in mid-July, he simply asked congressional leaders to review three options with their members:
- The “Grand Bargain” choice—favored by Obama–would cut deficits by about $4 trillion, including spending cuts and new tax revenues.
- A medium-range plan would aim to reduce the deficit by about $2 trillion.
- The smallest option would cut between $1 trillion and $1.5 trillion, without increased tax revenue or any Medicare and Medicaid cuts.
And the Republican response?
Said Rep. Darrell Issa, chairman of the Oversight and Government Reform Committee: “Quite frankly, [Republican] members of Congress are getting tired of what the president won’t do and what the president wants.”
Noted political analyst Chris Matthews summed up the sheer criminality of what happened within the House of Representatives.
Speaking on MSNBC’s “Hardball,” on July 28–five days before Congress reached its August 2 deadline to raise the debt-ceiling–Matthews noted:
“The first people to bow to the demands of those threatening to blow up the economy were the Republicans in the House, the leaders. The leaders did what the followers told them to do: meet the demands, hold up the country to get their way.
Chris Matthews
“Those followers didn’t win the Senate, or the Presidency, just the House. But by using the House they were able to hold up the entire United States government. They threatened to blow things up economically and it worked.
“They said they were willing to do that–just to get their way–not by persuasion, not by politics, not by democratic government, but by threatening the destruction of the country’s finances.
“Right. So what’s next? The power grid? Will they next time threaten to close down the country’s electricity and communications systems?”
With the United States teetering on the brink of national bankruptcy, President Obama faced three choices:
- Counter Republican extortion attempts via RICO–the Racketeer Influenced Corrupt Organizations Act.
- Make a “Cuban Missile Crisis”-style address to the American people, seeking to rally them against a criminal threat to the financial security of the Nation.
- Cave in to Republican demands.
Unfortunately for Obama and the Nation, he chose Number Three.
But he could have countered that danger via the Racketeer Influenced Corrupt Organizations (RICO) Act.
In 1970, Congress passed RICO, Title 18, United States Code, Sections 1961-1968. Its goal: Destroy the Mafia.
U.S. Department of Justice
RICO opens with a series of definitions of “racketeering activity” which can be prosecuted by Justice Department attorneys. Among those crimes: Extortion.
Extortion is defined as “a criminal offense which occurs when a person unlawfully obtains either money, property or services from a person(s), entity, or institution, through coercion.”
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GETTING BEHIND OUR PRESIDENT: PART TWO (END)
In Bureaucracy, History, Politics, Social commentary on December 6, 2016 at 12:12 amWhen Republicans say, “We need to support our President,” they don’t mean every President.
They mean: Every Republican President. And only every Republican President.
For Republicans, Presidents elected by Democrats are to be obstructed as often as possible–and impeached whenever possible.
On October 1, 2013, Congressional Republicans shut down the government in an attempt to force President Barack Obama to de-fund his signature achievement: The Affordable Care Act (ACA).
President Obama refused, and 800,000 federal workers were furloughed.
On October 13, 2013, anti-Obama protesters gathered at the World War II memorial in Washington, D.C. They were angry because the memorial had been closed to the public.
They weren’t angry at the Republicans who had shut down the government. They were angry at the President.
World War II Memorial
One speaker was Larry Klayman of Freedom Watch, a Right-wing advocacy group. “I call upon all of you to wage a Second Amendment nonviolent revolution, to use civil disobedience, and to demand that this president leave town, to get up, put the Koran down, to get up off his knees, and to figuratively come out with his hands up.”
On October 14, while Republicans were threatening to drive the nation into bankruptcy by refusing to raise the debt ceiling, former Alaska Governor Sarah Palin posted on Facebook her “secret plan” to impeach President Obama:
“It’s time for the president to be honest with the American people for a change. Defaulting on our national debt is an impeachable offense, and any attempt by President Obama to unilaterally raise the debt limit without Congress is also an impeachable offense.”
Sarah Palin
In short: If the Republicans force the country into default, Obama should be impeached. And if the President finds a way to avoid default, he should be impeached.
On October 16, the shutdown collapsed. The ACA continued to provide health insurance to millions of Americans too poor to afford to buy it.
The 2008 election of Barack Obama created a virtual overnight publishing industry for Right-wing authors. The titles of those books clearly reflected the hates, fears and ambitions of their authors–and audience:
Liberals…catastrophe…shattering the American dream…leftists…communism…government terrorism…global warming myth…terrorism…socialism…secularism…environmentalism…takeover….corruption…betrayal…radicals…bankrupting…treason…subversion…slander…power grab.
These are the themes repeated endlessly by the American Right and its publishing industry.
Whether by accident or design, these works owe their popular success to the ultimate Right-winger of history: Adolf Hitler.
In Mein Kampf—“My Struggle”–his prophetic warning of the future to come, Hitler outlined his principles for the effective use of propaganda.
These are:
“The broad masses of the people are not made up of diplomats or professors of public jurisprudence nor simply of persons who are able to form reasoned judgment in given cases, but a vacillating crowd of human children who are constantly wavering between one idea and another.
“The great majority of a nation is…ruled by sentiment rather than by sober reasoning.
“This sentiment, however, is not complex, but simple and consistent. It is not highly differentiated, but has only the negative and positive notions of love and hatred, right and wrong, truth and falsehood.
“Propaganda must not investigate the truth objectively and…must present only that aspect of the truth which is favorable to its own side….The receptive powers of the masses are very restricted, and their understanding is feeble. On the other hand, they quickly forget.
“Such being the case, all effective propaganda must be confined to a few bare essentials and those must be expressed as far as possible in stereotyped formulas. These slogans should be persistently repeated until the very last individual has come to grasp the idea that has been put forward.”
The Right has followed Hitler’s instructions to the letter.
The election of Donald Trump is the end result of it.
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