The Republican Party is out of their Mind Lately

Loved this post entitled Republicans The Really Stupid Party.

Brad DeLong is an economists I've been following a lot lately, largely sympathetic of Obama's economic policies of late.

But apparently, the Republican Party has passed a resolution to ask the Democratic party to rename themselves the "Democrat Socialist Party". What?

DeLong says:

"Since Obama is not a socialist--at most he's a Keynesian, and less of a Keynesian than many of us would wish--this is the equivalent for a political party of defecating in its own pants: something that two-year-olds do because they haven't quite got the "you can control your own anal sphincter muscle" business down, something three-year-olds do when mad because it gets your parents' attention and makes them upset, and something four-year-olds and up realize hurts them more than anyone else.

Most disturbing is the absence of Republican push back from politicians and intellectuals. If the Democratic National Committee were to pass a resolution stating "Resolved, that we the members of the Democratic National Committee recognize that the Republican Party is dedicated to restructuring American society along fascist ideals," Democratic office-holders, candidates, and intellectuals would be out there in angry mobs, denouncing the DNC as having done something stupid and false, something damaging to the party and destructive for America. And I would be out there with them, denouncing the DNC in terms that make my views on Hillary Rodham Clinton and Ira Magaziner's stewardship of health care reform in 1993-1994 look like weak toast, or milk tea."

I really wanted to post, and yes Republicans are insane

Sorry, for anybody anxiously awaiting another post from yours truly... I've been locked in on a never-ending e-mail debate with a friend of mine who hates it that Obama is continuously bailing out banks.

I really want to summarize some of my arguments (which I feel are getting more and more sophisticated as I'm learning more) and compose a blogpost, but I just haven't had time.

Just some quick thoughts, more later:

1) You can blame a lot of folks for this financial crisis, but the core blame really belongs to all of us, every single one of us. The fact is that we have incurred a lot of debt to the tune of 100% of our GDP. The last time we had this much debt you might ask? Yes, 1929. I know I have composed recently the idea that debt is good, and I stand behind that. But its good up to a point. Its good like desert is good, in small doses. Too much of it will kill us.

2) Our banks are in major trouble, basically the major banks are insolvent. But, the government has to find a way to preserve confidence in our banking system, and the best way he can do that (in my opinion) is to keep shoveling tax payer money into them. I just don't think now's the time to incur a Citibank bankruptcy.

3) I know two very depressing points. On the positive, I feel that we can really bounce back strong from this recession. And we have the president who can do it. We need to take this opportunity to make some significant changes. Thomas Friedman has a really nice op ed today right here. We just had stake conference today, and one comment from one of the speakers (a visiting General Authority from SLC) was that things are not going to be as they were. He talked about how we would need to learn to fix things rather than throwing stuff away... How we should learn to grow a garden, etc. Surprisingly, that's correlates quite nicely with Friedman's article.

4) Finally, yes, indeed Republicans are insane, I'm praying every day grateful we did not elect one for president:




and




Loved the thoughts here. The government is the only entity big enough to address the problems we are facing in our economy. The Republicans are in complete lala land on this.

I'm not saying this in the eyes of a partisan. I'm saying it because it's true. The leadership of the Republican party is insane.