"In other words, there are a number of GOP extremists who would happily blow up the economy because it is actually chaos that they want, and they believe they can pin that chaos on President Biden. Or if they can’t, they still think they personally can benefit from it, so let it burn."

Chaos and destruction serve Republican ends because they soften us for autocratic solutions, and they'd explode Biden's chances to be re-elected.

#Biden #Republicans #DebtCeiling #Default #EconomicTerrorism
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Jay Kuo explains why he has changed his mind about insisting Biden should not negotiate with the Republican debt ceiling terrorists:

"Rachael Bitcofer posted an observation that made me reconsider this position:

'Folks, Biden can't call their bluff because Republicans aren't bluffing.

Total economic collapse is a feature, not a bug, to McCarthy's MAGA majority. They'd love to see it.'"

#Biden #Republicans #DebtCeiling #Default #EconomicTerrorism
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https://statuskuo.substack.com/p/the-week-in-review-focus-on-the-debt

in Paul Krugman‘s view, Republicans are using economic terrorism to force the whole nation to swallow their agenda. He writes,

“A party that barely controls one house of Congress shouldn’t get to impose deeply unpopular policies on the nation as a whole.”

#Republicans #EconomicTerrorism #democracy

https://www.nytimes.com/2023/01/19/opinion/columnists/democrats-debt-ceiling.html

cancer capitalism...

#cancer #capitalism #corporates #corporatemotherfuckers #economicterrorism #economicterrorists #animatedgif