General Discussion
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Last edited Sat Jun 9, 2012, 04:49 AM - Edit history (2)
I believe that Republicans are sending the message to big business and finance that they can guarantee that the economy would be relatively better under Romney than under Obama... not because Romney would improve anything (some people in business and finance know that Romney's platform is an economic suicide note), but because if Obama is reelected congress intends to utterly destroy the economy. And they are probably in a position to back that up.
Essentially a protection racket. Real mobster stuff. (Hence the headline of the OP) In a protection racket you pay the mob to protect you from the mob... if you don't pay they burn your place down. "Nice debt ceiling you got here... it would be a shame if somehow it never got raised." etc.
Though the message is primarily implicit, I think this is probably sometimes said explicitly to some of our slower masters of industry who haven't figured it out from implication.
A tape would be nice. (I wonder if Cantor begins all his conversations with, "Are you wearing a wire?"
patrice
(47,992 posts)destruction.
They can do harm, serious harm, from which they will expect to profit; in order to profit, they must not, can't, destroy the economy completely. They would also lose their own constituency if they did so.
Of course, none of that means that there aren't some pretty dicey poker games going on behind closed doors, in the back rooms behind the back rooms, of the world's financial sectors, right now.
cstanleytech
(26,368 posts)After all alot of the tea party ones in congress still enjoy support from their own constituency even though they have made it clear that they are incompetent idiots whos only goal is the complete destruction of any form of effective government all in the name to get Obama out of office.
cthulu2016
(10,960 posts)The wrinkle is that the methods by which the economy would be destroyed are believed by a lot of the electorate and by a lot of Republican elected officials to be helpful to the economy.
The threat need not be of a distinct future action controllable by a person. It can also be posed as analysis. The only thing reigning in the craziest republicans has been the desire to oust Obama. If Obama is reelected and the composition of the House stays roughly the same then do we know that the debt-ceiling will be raised? Boehnner and Wall Street may have no traction with the crazies in that scenario.
patrice
(47,992 posts)plinko game, the game makers abandon plinko altogether, for games unknown.
xfundy
(5,105 posts)Their entire doings over the last few years have involved blocking Obama's every step, then accusing him of what they did or are about to do. This is called, "projection" by psychologists. I believe they've come out of the closet in this claim, almost admitting they have held America' economy hostage, which they have, by blocking every move by the President that would have lessened the pain on the country.
elleng
(131,457 posts)and would call them on it imo.
but their ignorant base is a different thing.
aint_no_life_nowhere
(21,925 posts)Certain cooperating businesses are sitting on their cash (which we know many of them are) and won't hire until Romney wins because they are promised low taxes and fewer regulations. Maybe some would do that anyway but I wouldn't be surprised if there wasn't a coordinated effort in this regard among several large employers and the GOP behind the scenes, an early and slowly developing October surprise to bring up the unemployment rate before the election. We know there is already a concerted effort by red state governors to do the same thing with their state public sector jobs.
cthulu2016
(10,960 posts)The inducements are public.
The threat is implicit. Essentially, "the only functioning government possible is an all Republican government because we will not allow it to function on any other basis."
Heather4
(20 posts)Skittles
(153,321 posts)repukes do not believe in sharing ANYTHING
pinboy3niner
(53,339 posts)Always the same M.O.: Copy the OP title as the subject line of the reply, with a brief, inane comment...
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=788841
http://www.democraticunderground.com/?com=view_post&forum=1002&pid=788870
http://www.democraticunderground.com/?com=view_post&forum=1024&pid=1810
His past PPR'd accounts include KAIXIN1, Kaite12, StarrMatthieu, Burke36, Andrew67, and Vincent89 (that I know of).
cthulu2016
(10,960 posts)cherokeeprogressive
(24,853 posts)They have bills to pay and payroll to meet. They have lease payments they're late on for buildings and equipment. They're behind on payments to their employees' retirement funds and medical insurance.
Do you REALLY think "businesspeople" are willing to risk everything they have and everything they've ever wanted on a guarantee the economy will get better starting SEVEN MONTHS FROM NOW?
cthulu2016
(10,960 posts)I edited the OP in light of your comment.
The premise is that Republicans are not promising that if Romney is elected they will make the economy better. They are promising that under Obama they intend to make it a lot worse.
Extortion.
alp227
(32,084 posts)"IMO, businesses across this country are staging their own BOYCOTT OF OBAMA because they are tired of his agenda and are tired of getting treated like children. They are holding back their money hoping for a change in Nov 2012. Yes, we all suffer while they hold this boycott, but if it means Obama is out in a little over a year, I am all for it."
Flatulo
(5,005 posts)Flatulo
(5,005 posts)Obama more than they love money.
Businesses are not hiring for several reasons, primarily poor demand and improved worker efficiency. Plus, where business is improving is in growth markets like China, so that's where they locate any workers that they do hire.
There's no conspiracy. It's a global economy now, and jobs will go whereever they have to to support sales and maximize profits.
Publically owned corporations have no obligation to hire Americans. Their only obligation is to maximize value for their shareholders.
There's not much the government can do to create American jobs. They could borrow more money and get people to work fixing the infrastructure, or they could demand that all imports meet American environmental and labor standards. But infrastructure type jobs don't create wealth - they just feed people until the work is finished or the money dries up.
The only way to create wealth is to make stuff and sell it to your trading partners for a profit.
Face it, our standard of living is in decline, and will continue to do so until it makes economic sense for companies to return jobs to America. The government can't force them to do this.
http://www.msnbc.msn.com/id/44006656/ns/business-eye_on_the_economy/t/why-companies-arent-hiring-more-workers/#.T9Od9Wt5mK0
cthulu2016
(10,960 posts)I agree with you about why businesses are not hiring.
annabanana
(52,791 posts)Time honored mafia tactic.
rusty fender
(3,428 posts)The GOP is thug central.