Sunday, June 19, 2011

Commentary: Is GOP's 2012 game plan to cause a recession?


By Dennis Jett | Special to McClatchy Newspapers

Take the recent debate between some of those who aspire to be the Republican nominee for president in 2012. It was meaningless and not because there seemed to be no real winner nor any substance to the chatter. It was meaningless for two other reasons — who the nominee is won't affect the outcome of the election and who that nominee is won't be determined by a debate.

The actual nominee is unimportant because if the economy is on the upswing with some reason for optimism, Obama will be reelected. If it is not, he won’t. That is why Republicans are so desperate to cause a new recession.

It is not that they all flunked Economics 101. Nor is it that the same people, who said nothing as Reagan tripled the national debt and George Jr. doubled it, have suddenly gotten religion when it comes to the deficit. It is why they are playing chicken with the credit rating of the U.S. Government as they drag their feet on raising the debt ceiling. And it is why they refuse to confirm the President’s choices for a number of key economic policy decision-making positions.

Read more: http://www.mcclatchydc.com/2011/06/17/115941/commentary-is-gops-game-plan-to.html#ixzz1PiNPgrMH
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