Study: Tea Party Extremism Cost Milli...

Study: Tea Party Extremism Cost Millions of Jobs, Risks Millions More

Posted in the Minneapolis Forum

Schmahl Spew

Orlando, FL

#1 Oct 20, 2013
If Americans learn anything from this month’s shutdown-and-debt-ceiling debacle, they ought to realize that political extremism brings real costs—denominated in dollars and jobs, as well as national cohesion and prestige—and that those costs are not small. As long as the tea party faction continues to wield its malign influence over the Republican leadership in Congress, the threat of further and even worse damage will not subside.

Everyone should heed the clear warning issued by Sen. Ted Cruz, R-Texas, his cohorts on Capitol Hill and the leaders of outfits such as the Tea Party Express and FreedomWorks, all enraged and determined to lash out again as soon as possible.“This was going to be a multistage, extended battle,” said Cruz,“but we’ve also seen a model that I think is the model going forward to defeat Obamacare, to bring back jobs, economic growth…”

Only a dwindling fraction of voters is still mesmerized by such demagogic nonsense, but their anger intimidates enough Republicans to ensure that Cruz and company can seek to sabotage the economy again—and they will. So it is vital for everyone to understand what these vandals have inflicted on us already.

We probably will not know the full cost of the shutdown and the near-default for several months, if ever, but fresh estimates are now arriving daily. According to Standard and Poor’s, the financial ratings agency, the shutdown alone reduced economic activity in the United States by at least $24 billion and cut growth in the current quarter by as much as 0.6 percent. That means a loss of thousands of jobs and billions in household income just when the economy would traditionally surge upward for the holiday season.

More at http://www.truthdig.com/report/item/peterson_...
Arch on Larch

Detroit, MI

#2 Oct 21, 2013
Cruz and the tea party will all get voted out next year. Then once the Democrats control the House again we can get the economy moving.

The right wingers have obstructed themselves out of a job.
background noise

Minneapolis, MN

#3 Oct 22, 2013
Republicans don't believe in science. Or polls.

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