Republicans Are Unhinged and Terrified of Good Economic Reports

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When a nation receives good or at least encouraging news, particular good economic news, it is normal to expect politicians to rejoice, unless they are Republican politicians. One can hardly blame Republicans for not celebrating anything good about America since they have spent the past five-and-a-half years doing everything in their power to impose devastation on the country, especially the economy. Despite their Herculean efforts to bankrupt America though, another report this week revealed the economy is on the mend despite the GOP plot to obstruct the new President’s attempt to turn around the economic disaster eight years of Republicans’ drunken spending spree on the nation’s credit card.

Americans will not hear many Republicans campaigning on what they were calling a nation-ending budget deficit just a couple of years ago, because for the fifth consecutive year the deficit declined as a percentage of GDP as a result of the President’s economic policies. It is noteworthy that the deficit is now at its lowest point under President Obama’s Administration, and that it has been falling well before Republicans swept into control of the House in 2010.

According to the non-partisan Congressional Budget Office, the deficitplunged to $486 billion in fiscal year 2014;” that is $195 billion less than the record shortfall recorded during fiscal year 2013 and is the smallest recorded deficit since 2008. In fact, at just 2.8% of GDP, the deficit under President Obama is well below the average of the past 40 years; that is back to 1974 and destroys the Republicans’ absurd contention that they are fiscal conservatives. It is also noteworthy that one of the factors contributing to the deficit falling is that revenue has increased due to a tiny change in the tax rates for the richest one-percent who still take advantage of Bush-era tax cuts on their income.

What should be a great campaign message for Democrats leading up to the midterms is that the deficit has continued to fall sharply over the past few years while teabagger-Republicans were trying desperately to destroy the full faith and credit of the United States by refusing to raise the debt ceiling. In fact, the deficit was, and had been, falling before the Republicans’ precious sequester including last year when House Republicans decided to shut down the government before they considered paying the debts they racked up during eight years of Bush-Republicans’ economic disaster. It is likely why, nationally at least, there is a dearth of hand-wringing and fear-mongering about “this Obama spending spree driving runaway debts and deficits,” and why Republicans are focusing their fear-mongering on other threats they created by enabling the rise of ISIL in Syria and Iraq, and prevented a quick end to West Africa’s Ebola virus with their sequestration cuts.

Fright over debts and deficits has not completely ended on the campaign trail for Republicans in congressional districts with predominately stupid Republican voters, but it is not the defining theme it was during the 2010 and 2012 elections. There are some teabaggers who, lacking cogent anything, are stuck in 2010 and claim the budget deficit is still rising at alarming proportions, but it is more to defend their votes to shut down the government and, believe it or not,  “cause a credit default to prevent America from ever borrowing again.” It is a mindset that appeals to many Republican voters who want nothing more than to see government bankrupted and “drowned in a bathtub” because Republicans convince them their economic woes are due to the federal government.

The CBOs report noted that one of the reasons the deficit is falling is due to increased revenue as a result a slight increase in tax rates for the richest one percent. It puts a dagger into the heart of the Republican argument that only austerity and brutal spending cuts will rein in the debt and that any tax hike automatically decimates economic growth and kills jobs. Although the debt has been falling for the past few years, the greatest decline has been since revenue increased after the 2012 budget fight ended.

Speaking of jobs, it is true that some Republicans still claim that without deeper tax cuts for their wealthy and corporate masters jobs will continue to vanish, but their lies do not, and cannot, change the reality that there has been steady job growth under President Obama. In fact, just last week economic experts reported that weekly “tallies of how many Americans are applying for new unemployment benefits have reached the end of its usefulness to investors and consumers.” Why? Because hiring has been steadily improving, layoffs are declining rapidly, and jobless claims are at their lowest point in 14 years. A mark economic experts say cannot possibly go any lower, and they noted it is the 12th lowest since 1980 and lower than 85% of the records over the past 35 years. All with a small tax hike on the very richest Americans and without a rash of regulatory cuts Republicans claim is necessary for job creation and economic growth; something they are secretly telling their Koch and corporate donors will happen if they control both houses of Congress.

President Obama has provided Democrats with plenty of good economic news to campaign on successfully, and although wages are still declining for most Americans, that too is something Republicans own and are not talking about. In fact, with the stock market at record highs, unemployment falling, corporate profits through the roof, and America as the world’s leading oil exporter, the only Americans suffering are 98% of the population due to Republicans’ job-killing, pension-robbing, and penchant for slave wages.

Democrats also have several precious gifts from Republican-led states that are suffering credit downgrades, poor job creation, severe revenue shortfalls, and citizens earning slave wages and lacking basic necessities that Republicans pledge to enact in Washington if the control Congress. It is really unclear what else the President can possibly do on his own to make the good news for the economy a winning issue for Democrats, and if they are waiting for Republicans to bring up the good news on the economic front they will be waiting forever.

If nothing else, Republicans are so besotted with pleasing their racist, religious, secession-minded, and monumentally ignorant supporters, it is certain they will not talk about, or take even a smidgen of credit for, the economic good news because…Obama. Democrats cannot possibly be as ridiculously stupid as Republicans or their supporters and they have absolutely no excuse for not riding the economy to victory in November by both touting the President’s success and reminding sane Americans who is fighting to help all of them share in the economic good news. Because except for the racist, most religious, self-hating, and frankly stupidest Americans, most voters know who is fighting for and against them.

 

image: mariopiperni

24 Replies to “Republicans Are Unhinged and Terrified of Good Economic Reports”

  1. Unhinged and terrified is precisely the state that the Republicans/Conservatives want their constituents and the American public to live in. They want them to live in terror of Equality, Racial Justice, Health Care that works for ALL, and every program that helps people live a better life or let’s them chose.

  2. unhinged because the economy is doing good under Obama and that just unhinges them even more. they have nothing negative to campaign about. I just hope they realize that a govt shutdown would ruin them even more.

  3. “I just hope they realize that a govt shutdown would ruin them even more.”

    I hope they don’t realize that. I hope they keep chattering about it right up to the Election, so people realize the consequences of letting the GOP hold power.

  4. Yup.
    If we’re lucky, Cruz will -like a Halloween Troll- pop out at every opportunity to ‘sell’ the next shutdown.

  5. Cruz DOES look like one of those troll dolls that were popular in the 70’s. And has about as much brain matter between his ears. This is why the cowards like Snyder, Terri Land, and others refuse to debate before the election. They will have to face the truth, and heaven forbid a GOPer ever does that. Please proceed, GOP. I do think November will be an even bigger shock to you than the 2012 election was.

  6. Sally those troll dolls were cute and innocent. Ted Cruz is not cute by any standard and he is guilty of the most heinous of personalities. Apologize to those troll doll’s..Lol

  7. The Republicans are on the wrong side of history with everything. When your party is miserable at good economic news, it’s time for some soul searching. That is, if they have one.The way they behave, I think they are now soulless.
    Being on the wrong side of history means they have not one issue to campaign on. I hope we gain control of the House so we can try to get this country turned around. Or else we will have to wait until 2016.

  8. How about turning the IRS loose on some of the 501(c)3 and c(4)s. Then watch tax collections go up

    Any church that gets mixed up in politics needs to lose their tax exemption. The Mormons, Catholics and the fundamentalists have done everything they could to stop same sex marriage ALL were involved in Prop 8 in California. While they can preach to their followers in their churches, stay out of politics.

    Americans for Prosperity actually means Americans for the Koch Brothers Prosperity. That c(4) claims to be “educating” the public, however it is being used as a front to promote nothing but extreme right wing ideology and politicians.

    With all these tax free exemptions gone, we could probably pay off the debt the Republicans have racked up in about 5 years.

  9. You will never hear good economic news coming from Faux News and therefor the Republican base will never hear it. Only voters who choose to be informed will know the reality. The Republican base will continue to vote against their own best interests. This is why we informed voters need to make sure we get out and vote this November.

  10. Paul Krugman: Obama has emerged as the most consequential &successful Presidents in U.S. history: http://http://www.rollingstone.com/politics/news/in-defense-of-obama-20141008

    MSM are quick to accuse PBO reason ppl don’t feel good abt the economic. Question for MSM why are they hiding econ. news from Amer. ppl? You ask any person on the street name any PBO accomplishments? & I bet they’ll come up a blank, but they can give you all the talking points of GOP Hillbillies/MSM. Why is that MSM?
    GOTV 2014!!!

  11. You think the teahadist are unhinged now just wait when they realize what they just did

    Wal-Mart Advances ObamaCare
    Wal-Mart’s decision to kick their part-time employees off their health care rolls and onto the ObamaCare exchanges is great news. There are more younger, healthier people going on the exchanges, which makes the exchanges stronger and cheaper. A bigger percentage of working people are getting their health care from the government.
    http://www.bbc.com/news/blogs-echochambers-29544149

  12. Republicans will NOT approve or mention in good faith any good news coming on Obama’s watch. Whether it’s on the economy, jobs, health care, war on terror, war on ISIL. Good news in Education, Environment, Immigration, Women’s health, women’s rights, voting rights, etc. What they WILL feel happy about is when, in their minds, things are BAD or long for the days when things WERE bad (caused by them)…..That’s why they like the chaos in shutting down the Government, giving America a bad credit rating, they love to cut and deny Anything that proves to be healthy, wise and constructive for the country. That is why we need a breath of Fresh air after November 4th.—-Get rid of all the No-No-No-Republican Congressmen. I approve this message :)

  13. Members of the House of representatives and the Senate are obligated to work for the betterment of the people they represent. Instead, they insist upon waging war of ideology based on faulty facts and ignorance of reality. We need reality based solutions to the issues facing the American people; solutions that can only be enacted if there is cooperation and collaboration by the people that serve to represent those same people. We need people who accept scientific facts and realize that their religious views should not cloud and obscure their ability to work in fact based and scientific ways.

  14. Actually Derrick Ted Cruz reminds me of some evil ventriloquist doll who has soaked up all the evil around it and has become alive. If you draw the joint lines on his face and look you will see. He even looks a bit like the one on Twilite Zone starring Cliff Robertson.

  15. The Quiet Competence of Barack Obama
    If you listen to the media mostly on the right, but some on the left, by this point in the administration of President Barack Obama, we should be in a Road Warrior-like hellscape of crushing debt, death panels sending us off to concentration camp ovens and calling it “medicine,” riots in the streets over the confiscation of guns, surveillance nano-drones entering our rectums in order to hear what our brains are thinking, undocumented Mexicans with Ebola or terrorist ties or huge calf muscles torturing cops all along the border before suicide bombing our malls – See more at: http://rudepundit.blogspot.com/2014/10/the-quiet-competence-of-barack-obama.html#sthash.YB4LcS5d.dpuf

  16. All I hear from MSM, including so-called center left (CNN) and left-leaning (MSNBC) outlets, is that POTUS is not popular. I was watched John King today on CNN’s New Day and he featured he Senate races in Alaska and Kansas. With a straight face he said Begich was losing in Alaska because of POTUS’ unpopularity. Begich could be losing in Alaska if POTUS has 80% approval rating! It’s f*cking Alaska! Then he said the reason the Kansas Senate race is close is because President Obama is unpopular and it affects incumbents. By that time I’m just staring blankly at the screen. Excuse me, it’s freaking KANSAS! The fact that an Independent candidate who has said he will caucus with Dems is LEADING Republican Senator Pat Roberts IS the story and it has nothing to do with POTUS’ approval!

    Fox News’ ratings success, largely due to their Obama Derangement Syndrome, has other networks scrambling for higher ratings and figure bashing Obama is the way to achieve that. That formula works onl…

  17. To the repubs whining that the president has not done enough on ebola, why does no-one ask them who did the victory lap when they decimated the funding for it. Also to those who whine that he has not done enough on Isis, why don’t they come back to Washington and debate it and approve funds?

  18. Someone needs to explain to these low-information voters that there is a difference our total debt load and how much debt we incur each year.

    Is our total debt load up? Of course it is, and it will continue to increase as long as our expenses exceed our income.

    THAT is the number that is dropping, the expense/income ratio. We’d be in the black by now, and paying down the total debt load, if not for the handouts to the 1%, Wall Street and energy companies. If they were paying their fair share, we would have begun paying down the total debt load years ago (like we were under Clinton).

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