In his Op-Ed piece today, Paul Krugman includes this:
"Ironically, considering who got us into our economic mess, the most plausible answer is that Wall Street will come to the rescue — that the big money will tell Republican leaders that they have to put an end to the nonsense.
But what if even the plutocrats lack the power to rein in the radicals? In that case, Mr. Obama will either let default happen or find some way of defying the blackmailers, trading a financial crisis for a constitutional crisis."
I've been wondering if some of these "titans of finance" would put the screws to the GOP (having done it to the rest of us). If we don't raise the debt ceiling, they have to know that it will have a major impact on their business.
R1, do you honestly not know which paper has Krugman's column. Let's pretend we're aware of the New York Times.
The 2 are the same entity.
The Tea Party is the Koch brothers.
Pollyanna nonsense. They have to stop Obamacare because its success will mean the end of the Republican party as it currently exists. A new Republican party would be a progressive one and Wall St. wants to stop that at all costs. So they don't care about their fucking bonds right now. They sense the winds of power shifting to sweep them away like the poisonous green slime they are and they have to stop it by dramatic attacks on their own country.
Krugman is talking out of his ass again, he does this every time his column comes out.
So OP, it's not about doing whats right financially, it's about getting even with Republicans? God, you are an idiot. No wonder you have issues with successful people.
After you Yanks get rid of the Tea Party south, could you please help get rid of the Tea Party north too (Canada's PM Harper and he new Reform Conservative Party).
Remember, the Tea Party North actually got elected to government.
Wall st. will make money regardless. It's not the value of the debt, but it's volatility. They make a killing every time there's a shut-down.
"So OP, it's not about doing whats right financially, it's about getting even with Republicans?"
My post - which you clearly didn't read very well - was about dealing with the insanity of the Tea Party, not all Republicans. One hopes that Wall Street can find it in it's interest to actually do the right thing financially...this time.
BTW R6, were you under a rock in 2008? Successful people who don't screw over a large swath of the U.S. are to be admired, but I hardly think anyone should feel obligated to genuflect to "successful people" who pulled the hijinks that created the last serious recession.
Only a fool admires "successful people" with no context for how they became successful.
BTW, I tried to paste a link to the article, but the URL was too long for DL. The last several characters would get cut off.