Posted by: Rick | Friday, June 3, 2011

Courting Armageddon

Last month I speculated that the corporate oligarchy might be willing to trigger a catastrophe in order to complete an epic power grab.  Today Matthew Yglesias writes:

[T]he evidence from political science does appear to suggest that if Republican intransigence destroys the American economy, that the voters will respond by punishing the incumbent President and electing a Republican.  Obviously the models on which that conclusion is based don’t include a scenario in which out-party irresponsibility leads to sovereign default.  No model is better than the parameters in which it’s based, and a sovereign default could easily be a model-busting occurrence.  Still, it seems like at least one “House Republican close to Boehner” thinks this isn’t the case and the president will get most of the blame.  That’s a dangerous case of power without responsibility.

These “irresponsible” people may know exactly what they’re doing: destroying the inconvenient middle class once and for all and creating the brutal Randian paradise of Paul Ryan’s dreams.

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