What do you get for compromising with Reich-wing extremists?

[I Drink Water]

How Obama's Deal with GOP Extremists Will Devastate the Economy

Obama's failure to challenge the Right's economic mythology is both inexcusable, and a sign that the White House isn't prepared for the major battles to come.

The deal Obama struck with GOP leaders last week will cost our moribund economy around 400,000 jobs. It was a tragic compromise with an unyielding ideological opposition, yet Obama hailed it as “historic,” prompting the Wall Street Journal's plutocratic editorial board to crow that the president has now “agreed to a pair of tax cut and spending deals that repudiate his core economic philosophy and his agenda of the last two years.” They painted it as proof that “Republicans in Washington have reversed the nation's fiscal debate.”

Then came the news today that Obama will introduce a long-term deficit reduction plan, which might include “reforming” (read: cutting) Medicare and Medicaid.

The reality is that slashing public spending while private consumer demand remains in a deep trough is tantamount to economic suicide – every business survey conducted in the past two years has found that business's biggest problem is a lack of customers. Cutting programs that put dollars into the pockets of the poor and jobless and adding to the number of unemployed Americans is the worst thing we can do.



http://www.alternet.org/news/150571/how_obama%27s_deal_with_gop_extremists_will_devastate_the_economy

[Hardrada]

1. Mucho bucks from international corporations after office.

Check out Tony Blair's curriculum vitae.

[emilyg]

2. Correct.

[upi402]

3. Boner is already scolding the Dems regarding the debt limit

we are so screwn!!1!
we need a strong leader

weiner should go kick his ass to the sidewalk and do some shit
we give them everything and they still take our birthday
like it's all planned or something

feckin jayziz!