Swamp TV: Fed may cut rates again

Wonderful idea! I'm already tired of crude oil prices below $100 a barrel. So, go ahead and drop interest rates again. That should make oil prices spike again.

Lets see, cut interest rates again and try to head off a recession and in the process further weaken the dollar and invite hyper-inflation, or... stay the course. No good options left for this bunch.

The magic Bush formula for everything is showing cracks. You know, extend more tax cuts to the wealthy, borrow more billions for the Iraq money-pit, artificially stimulate the economy on the Country's credit card. Ain't working so well, it seems.

It looks like it will be difficult for Dubya to keep his house-of-cards economy patched together for another year, long enough to implement the neocon master plan. That would be when he dumps his broken, smoke-and-mirrors economy in the Democrats lap, leaving them (and us) to struggle with the nightmare of stagflation while the effects of $100-a-barrel oil, calamitous war spending and a tight money supply play themselves out (e.g. Carter).

Then, the minister of Republican propaganda, Karl Rove, will crawl out from what ever rock he's under and proclaim..."See, I told you the Dems would raise taxes." And Herr Rove and the right-wing Wurlitzer will move into action imploring all to vote Republican in 2012 so the Gooper party can borrow the nation's way back to "prosperity" (at least for the 1%ers).

Meanwhile, the dwindling middle class, and those of us who played by the old rules, earned a good pension, a healthy 401, paid off our debts, will be crushed in the avalanche of Republican "voo-doo" economics gone wrong.

The companies that fund our insurance and pensions (all those extras that we were told were guaranteed as part of our total compensation) will claim, "no can do".

Trying to factor in cost of $100-a-barrel oil and spiraling health and insurance cost will be too much. "Something will have to go", they'll say. Will it be the $200 million dollar a year CEO compensation?, No (gotta be competitive to attract the best). Will it be the six figure compensation and health benefits for managers? No, (gotta be competitive to attract the best). But those damn pension obligations and health benefits for the the worker bees? Sorry, too pricey ( gotta be competitive in the world economy, ya know?). Then we'll see the Delta Airlines scenario play out again and again. "Take what we offer you or we'll declare chapter 11 and you'll get diddley squat."

For those of us already in retirement, our 401 nest-eggs will implode along with the Bush "smoke and mirrors" economy and the stock market. Social Security and Medicare will disappear, a victim of aging boomers, raiding by the government of the "lock-box", and funding neocon wars and nation-building.

But Terry and a few trickle-downers will find a way to profit from our demise and continue to tout the wonders of social Darwinism and unbridled capitalism.

And while the stunned, huddled masses struggle to survive, Terry, the war profiteers and other beneficiaries of BushCo economics will build their gates ever higher, their moats ever deeper to insulate themselves from the spurned "little people."

Then, all the privileged few and special interest groups that pandered to the NRA will wish there weren't so many guns on the street, because they might just be pointed at them.

A far-out scenario?, it's already happening. Water-carrying pundits and dumb-A$$ sheeple like John D. think our (liberal) protestations of this country's direction are all some sort of political gaming. They're not. They may be to payed political operatives like RNC crusader and media gnome Bruce Wayne-bot and his faithful side kick, Robin D. But it's no game to the rest of us. We have nothing to gain from a trashed environment, a crumbling economy, a sick an dispirited populace.

The difference between Democrats and Republicans; Democrats measure well-being and societal progress from the bottom up, Republicans from the top down. Once you understand that, the "I've got mine so FU, losers" attitude of some of the Republican bloggers on the Swamp, all makes perfect sense.

Reamed,

You are probably right, I will find a way to profit from it. It is, as you say, "social darwinism". I am smarter than you.

Reamer,

Just wait until President Clinton or Obama talk about the need to raise taxes when we are in the crapper once again thanks to the party of fiscal irresponsibility. Of course, once the future dem pres does and the economy turns around, budgets get balanced and the national debt is again back in line, the dregs from the right will credit bushco for their brilliant interest rate cuts. Or they'll credit Reagan or the free markets with some new invention like the computer. Or they'll credit the future Republic congress (cue laughter).

This is why the Republics have such an inflated opinion of themselves. Life is just rosy when your head is beneath a couple feet of sand.