Guess who suffers either way in the Austerity Bomb fight

More than 40% of the nearly five million Americans who receive unemployment insurance are set to lose those benefits if federal programs expire as scheduled at year-end. Of course, if Obama and congressional Republicans agree a Grand Bargain to stave off the auserity bomb, those same unemployed are still likely to lose their benefits in the face of conservative howling for tax breaks and the apparent fact that Obama just doesn’t care.

Suzie Madrak:

It’s because of funding time bombs like this that Obama’s self-created crisis may end up screwing  the long-term unemployed. That’s what happens when you give into Republican extortionists, and the fatal mistake is assuming they’re going to negotiate good faith. Obama should have taken Clinton’s advice, asserted executive power under the Constitution and told them all to kiss his ass. But of course he didn’t.

Thus and always – and you’ll be told it’s good for you by people who know better but continue to try to convince you the plutocrats will finally be nice to you if you just give them one more concession.

The truth is, as Prof. William Black explains, that  a “grand bargain” would be a grand betrayal of the middle class and the poor – but so were the moves that took us all there.

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Steve Hynd

Most recently I was Editor in Chief of The Agonist from Feb 2012 to Feb 2013. My blogging began at Newshoggers and I’ve had the immense pleasure of working with some great writers there and around the web ever since, including at Crooks & Liars. I'm a late 40′s, Scottish ex-pat, now married to a wonderful Texan, with Honours in Philosophy from Univ. of Stirling, UK 1986. I worked most of life in business insurance industry (fire, accident, liability) including 12 years as a broker/underwriter/correspondent at Lloyd’s of London. Being from the other side of the pond, my political interests tend to focus on how US foreign policy affects the rest of the planet. Other interests include early and dark-ages British history, literature and cognitive philosophy/science.

1 CommentLeave a comment

  • A commenter at Confluence also linked to the Kevin Drum post. He deserves some blow-back on that one and I’m pleased to see that he may be getting it.

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