Big Tent of Crazy

Tea Parties Forever By PAUL KRUGMAN

[  ]…Republicans have become embarrassing to watch. And it doesn’t feel right to make fun of crazy people. Better, perhaps, to focus on the real policy debates, which are all among Democrats.

But here’s the thing: the G.O.P. looked as crazy 10 or 15 years ago as it does now. That didn’t stop Republicans from taking control of both Congress and the White House. And they could return to power if the Democrats stumble.

[  ]…Thus, President Obama is being called a “socialist” who seeks to destroy capitalism. Why? Because he wants to raise the tax rate on the highest-income Americans back to, um, about 10 percentage points less than it was for most of the Reagan administration. Bizarre.

But the charge of socialism is being thrown around only because “liberal” doesn’t seem to carry the punch it used to.

Krugman, bless him, seems to think there really is such a thing as the Republican Party. A political entity where the majority of the members are dedicated to principled fiscal policy, cautious statesmanship and the promotion of reason. That party wasn’t so bad, but it died with Dwight Eisenhower. Krugman mentions Limbaugh, but Limbaugh just makes for rhetorical shorthand. Conservatives are the party of Beck, Malkin, Palin, Boehner, Savage, Hannity, Coulter, McConnell, O’Reilly, et al- the big tent of the strange, weird and wacky. Are there relatively reasonable Republicans in America. Sure, some of them are friends, but they have zero influence on the Republican party and they’re not going to anytime soon. Considering President Obama’s imbrace of what appears to be Republican-lite polices toward Wall St and Bush’s worse abuses of  the Constitution in regards to national security, its probably just easier to switch parties or become an independent.

It looks like Treasury and Obama are pushing GM in the right direction, ‘Surgical’ Bankruptcy Possible for G.M.

The goal is to prepare for a fast “surgical” bankruptcy, the people who had been briefed on the plans said. G.M., which has been granted $13.4 billion in federal aid, insists that a quick restructuring is necessary so its image and sales are not damaged permanently.

What could emerge is a good GM – one not saddled with “Less desirable assets, including unwanted brands, factories and health care obligations”. Then a bad GM that would resolve its legacy health-care obligations and sell off factories.