Not his words. McCain was reading from a Wall Street Journal editorial. Wall St is in panic.

[seafan]

The livid 'baggers are in full-on attack on McCain.

Lord of the Zings: Tea Partiers Slam McCain Over 'Hobbit' Reference, July 28, 2011


But what he said on the Senate floor were not his words. He was reading from a Wall Street Journal editorial. Panic is setting in on the Wall Street Boyz.


The GOP's Reality Test

July 27, 2011

.....

Strangely, some Republicans and conservative activists are condemning this as a fiscal sellout. Senator Jim DeMint put out a statement raking the Speaker for seeking "a better political debt deal, instead of a debt solution" (emphasis, needless to say, his). The usually sensible Club for Growth and Heritage Action, the political arm of the Heritage Foundation, are scoring a vote for the Boehner plan as negative on similar grounds.

But what none of these critics have is an alternative strategy for achieving anything nearly as fiscally or politically beneficial as Mr. Boehner's plan. The idea seems to be that if the House GOP refuses to raise the debt ceiling, a default crisis or gradual government shutdown will ensue, and the public will turn en masse against . . . Barack Obama. The Republican House that failed to raise the debt ceiling would somehow escape all blame. Then Democrats would have no choice but to pass a balanced-budget amendment and reform entitlements, and the tea-party Hobbits could return to Middle Earth having defeated Mordor.

This is the kind of crack political thinking that turned Sharron Angle and Christine O'Donnell into GOP Senate nominees. The reality is that the debt limit will be raised one way or another, and the only issue now is with how much fiscal reform and what political fallout.

If the Boehner plan fails in the House, the advantage shifts to Mr. Reid's Senate plan, which would raise the debt ceiling by $2.4 trillion in one swoop through 2012. That would come without a tax increase but also $2.7 trillion in mostly fake spending cuts like less government "waste, fraud and abuse" and a $1 trillion savings from troop drawdowns in Iraq and Afghanistan that are already built into the baseline. As fiscal reform, this is worse than Mr. Boehner's plan.

.....

Suck on it, rich boys.


The Kochs, Norquist, Armey, Rove, US Chamber of Commerce and the rest of you. You created these monsters.


Off the cliff, GOP. You first.

[TheBigotBasher]

1. Good.

Bad for the World but karma on the GOP.