As we have noted before the Republicans are opposed to anything that could even possibly help the economy as they see the Lesser Depression as a political winner. They figure they can sit back and wait till November 2012. Towards this effort they have not only opposed any fiscal stimulus, even measures that they once claimed to support, but have even taken to jawboning Ben Bernanke. So much for the sanctity of "An Indpendent Fed."
Rick Perry has said that for Bernnake to do any more attempts at monetary stimulus would be close to treasonous. The Republican leadership in the Senate and House-Boehner, Cantor, and McConnell have gone as far as to mail a letter imploring Bernanke to stand down.
http://diaryofarepublicanhater.blogspot.com/2011/09/rick-perry-threatens-bernanke-again.html
http://diaryofarepublicanhater.blogspot.com/2011/09/rick-perry-threatens-bernanke-again.html
http://diaryofarepublicanhater.blogspot.com/2011/09/republicans-for-jean-trichet.html
Indeed there are Republican economists with the premise that what we are seeing now is largely a case of structural unemployment and so little can be done or should be attempted other than maybe cut regulations for Corporate America and rescind Dodd-Frank. They also suggest that if we have Herman Cain's 9-9-9 "tax cuts"-it's mostly a tax increase-this could stimulate the economy mightily or at least so Arthur Laffler claims.
For those who rule out the premise of Operation Tank the Economy as being too perverse to believe of anyone even the Republicans for whom no tactic seems off base, consider the pledge at a recent Tea Party meeting.
http://www.addictinginfo.org/2011/10/19/tea-party-nation-urges-businesses-to-stop-hiring-people-in-order-to-bring-down-president-obama/
Resolved that: By their agenda and actions, those in our government who swore oaths to protect and defend our Constitution have committed treason against the United States.
Resolved that: The current administration and Democrat majority in the Senate, in conjunction with Progressive socialists from all around the country, especially those from Hollywood and the left leaning news media (Indeed, most of the news media.) have worked in unison to advance an anti-business, an anti-free market, and an anti-capitalist (anti-individual rights and property ownership) agenda.
Resolved that: Our President, the Democrats-Socialists, most of the media, and most of those from Hollywood, have now encouraged and supported “Occupy” demonstrations in our streets, which are now being perpetrated across the globe, and which are being populated by various marxists, socialists and even communists, and are protesting against business, private property ownership and capitalism, something I thought I’d never see in my country, in my lifetime.
I, an American small business owner, part of the class that produces the vast majority of real, wealth producing jobs in this country, hereby resolve that I will not hire a single person until this war against business and my country is stopped.”
There's no doubt that they see unemployment as a political winner and will not only do nothing to help the economy they will actively attempt to prevent it getting better.
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