Once again I apologize for neglecting this blog. I was focused for some time on an ambitious project that's now, basically, complete.
Meanwhile I've been enjoying all the sturm und drang over raising the debt limit, which is playing out more or less as I'd predicted.
The Republicans finally caved as I knew they'd have to. Mitch McConnell, under extreme pressure, I'm sure, from his billionaire controllers, offered a plan that would have handed off the tough decision-making to Obama, correctly noting in a media interview that the Republicans have a lot more to lose over this battle than the Democrats. It's always been clear to me that the Dems are holding ALL the cards in this matter and the Republicans basically none. The only problem is: Obama can't play poker worth shit!
In a gaffe worthy of George Bush II, he even dared them to "call my bluff." Sorry, Barack, you call the other guy's bluff, you don't invite him to call yours. You want him to believe you are NOT bluffing. Sheesh, what a hopeless fool the President I voted for is turning out to be. Also, when the other player folds, you don't entice him to stay in the game by adding more money to the pot.
The game is up for the Republicans, but they know how to bluff and our President is clueless. Don't dare them to call YOUR bluff -- call THEIRS, you idiot!
At this point, the adults in the Democratic Party need to convince their boy wonder to go play a few rounds of golf and leave the Republican diehards to the hardened veterans. Surely someone in the Party (maybe Biden?) understands poker well enough to realize the other side has lost and all that's needed is a show of cards.
In short, what needs to be done is for the Democrats in the Senate to present a plain vanilla bill that simply raises the debt limit and NOTHING more. No more wheeling, no more dealing, no more offers hoping for counter-offers that are never ever offered. In other words all the Dems need do is invite their opponents to show their hand. Are they or are they not willing to raise the debt limit? That's ALL that's needed, just that one simple bill. It should have no trouble passing in the Senate, since the Dems have the majority and no Republican in his right mind would dare risk being held responsible for economic catastrophe by filibustering.
Once the bill is passed it's handed over to the House, which will be a moment of truth for the Tea Party. As I see it, there's no question as to the outcome. They will fold.
Wonderful, you say? Not really. Because the Democrats are in total disarray. It's unlikely any of them can see clearly enough to offer up the simplest and most effective solution. After all their failed attempts they will most likely go down to the wire with one lame offer after another, which is exactly what their opponents expect. Holding NO cards at all, the Republicans will continue to bluff, offering nothing in return ever. If the Democrats then hold out, and they might, the "disaster" will be upon us. Checks won't get mailed, the markets will tumble and -- just as with the TARP -- congress will have "second thoughts," the Democrats will act "responsibly" (what a laugh) and totally capitulate to all Republican demands. At that point, the debt limit will get raised. And that will be the death of the Democratic Party.
So long, suckers.