Thursday, August 18, 2011

Teapublicans Are Repeating Historical Failures

There's hardly anything that economists can agree on , but one thing that many econmists can agree on is that now is not the time to reduce spending.  The U.S. economy is teetering on the brink of disaster and all Republicans and their Tea Party extremists can talk about is how we should cut spending.  That, and that alone should be enough to banish all of them from public office yet thanks to subtle racism, (which we know is always veiled by right wingers) a constant distortion of the facts and fear mongering  the Republicans hold on to continue fighting for their special interests.  Here's a bit of background from an International Business Times article:
In 1937, President Franklin D. Roosevelt, despite the fact that the first four years of massive New Deal fiscal stimulus had lowered U.S. unemployment from a staggering 20.6 percent during the Hoover Administration at the start of the Great Depression, to 9.1 percent, felt pressure from Congressional Republicans, and he -- as current President Barack Obama did with the Tea Party-led House GOP in 2011 -- gave-in to conservatives and cut government spending in 1937. The result? U.S. unemployment started rising again, and hit 12.5% in 1938.
Sound familiar?  It's as if we are re-living a completely failed past.  That saying that history is doomed to repeat itself seems to be our living horror at this time.  Republicans and their Tea Party cohorts would like nothing else than to kill this weak recovery to enhance their chances to steal the Presidency again.  I think a more appropriate solution would be public executions (figuratively speaking, in case any nutters are reading) for these traitors to the American people.