Wall Street Journal Warns Republicans Are Greatest Threat To America’s Economy
By: Rmuse
Tuesday, August, 25th, 2015, 9:30 am
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The devoutly Republican Wall Street Journal’s economic round table noted that Senate Majority Leader Mitch McConnell made a solemn promise that Republicans would never shut down the government, or ever hold the debt ceiling hostage again. However, McConnell, or Speaker John Boehner for that matter, does not lead the Republican-controlled Congress; that power belongs to evangelical maniac Ted Cruz and his extremist clergymen in both chambers.
According to the WSJ Survey: Economists Cite Budget Battle as Top Threat, “After watching Congress repeatedly crash into fiscal deadlines in recent years, a majority of economists are expecting a repeat performance, with 55% of respondents to the latest Wall Street Journal survey of 62 economists predicting that there will be some disruption to the economy and financial markets in the months ahead.” And it will be the result of Republicans who intend on using the upcoming budget deadline and debt ceiling to achieve their neo-American Christianity’s goal of abolishing Planned Parenthood. According to current crop of GOP-theocrats, the Supreme Court illegally used the Constitution’s 14th Amendment to “allow” women to choose when they give birth.
The WSJ economists are fearful that yet another evangelical Republican economic disruption will have a really serious impact on their forecast for 2.2 percent GDP growth and a 5.1 percent unemployment rate by the end of 2015. The economists, who have witnessed Republicans “produce significant damage to the American economy” three times over the past six years said they are convinced Republicans will do a repeat performance such as the debt ceiling crisis of 2011, the fiscal cliff showdown in 2012, and the 2013 government shutdown that adversely affected the American economy and won Republicans control of the entire Congress. The economists, particularly the chief U.S. economist of High Frequency Economics forecasting firm, Jim O’Sullivan, said if Republicans as varied in extremism as Ted Cruz and John McCain follow through on their threat to shut down the government if Planned Parenthood is not destroyed, especially with a new budget and borrowing authority due by October 1st, they will repeat their past “serious damage to the economy by harming consumer confidence.”
The economists are not just imagining a worst-case scenario without empirical data, they noted that in 2011 when Republicans held the debt-ceiling hostage, not only did it cost the Treasury billions and billions of dollars in higher borrowing costs due to a first-in-history credit downgrade, it destroyed American consumer confidence. The result was, according to economic experts, real data, Reuters and the Christian Science Monitor, “the Republican debt-ceiling debacle caused job creation, consumer confidence, and economic growth to nose-dive.” It was “mission accomplished” for Republicans who have been stellar at killing jobs and thwarting a robust economic recovery since they crashed the world’s economy just seven years’ ago.
It is important to remember that when Standard & Poor (S&P) downgraded America’s stellar credit in 2011, it was solely because Republicans “expressed skepticism about the serious consequences of a credit default,” and that “the stability and effectiveness of American political institutions were undermined by the fact that “people in the political arena were even talking about a creating a credit default. That a country even has such voices is something notable. This kind of rhetoric is not common amongst AAA sovereigns.”
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http://www.politicususa.com/2015/08/25/wall-street-journal-warns-republicans-greatest-threat-americas-economy.html
= new reply since forum marked as read
no accountability---------------none, and the clown show keeps on rolling with drunk and turtle and psychopaths in the present majority
And now we are going to see the next dog and pony show come this October----------------
Honk--------------for a political revolution Bernie 2016
at least the "neb-american Christian" version. We're f*cked apparently. 
Remember that Bernie Sanders was the only person who put himself out there with a filibuster the last round.
