Aug 20, 2011

Tea Party Wrecking Our Economy?

The senior editor at Fortune thinks so:

http://finance.fortune.cnn.com/2011/08/18/how-washington-is-destroying-the-economy/?section=magazines_fortune

"You can blame it directly on the fools who brought our country to the brink of defaulting on its debts in the name of saving us from … I'm not sure what. Yes, the Tea Party types bear primary responsibility -- but they couldn't have done it without the cowardice and incompetence of the Obama administration, which let things get way out of hand."

I'm not sure what Obama could have done about it without getting impeached but I agree that the Tea Party needs to bear "primary responsibility". It's not a con strength but it's ok to apologize when you've made a mistake.  Man-up.

Some policies and statements you hear from Tea Party types about the economy and the debt markets are utterly insane.

"TARP actually stands to make money for taxpayers."


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