The House GOP is once again doing damage to our economy. Moody’s has again issued a warning on U.S. debt, moving its rating outlook from “stable” to “negative.” Its report specifically cites the ouster of Speaker McCarthy and the length of time it took to replace him, plus the looming shutdown once again as the House GOP plays chicken on the budget. It is shameful and harmful. This brinksmanship must end.
@georgetakei you are so right. This is messy shit and needs to STOP
@georgetakei the last time one of the ratings agencies did this, Warren Buffett pointed out how ridiculous it was. There's no scenario in which the United States will not be able to meet its debt obligations. It owns the printing press!
@georgetakei A non-functioning federal government is their goal. Or, really, I guess it's one of the means to whatever their actual goal is. I'm not sure if they're trying to break apart the Union or just trying to make it look like Biden is a bad president, or something else, but they're definitely trying to cripple the government. Unfortunately, they seem to be succeeding.
@StarkRG @georgetakei Its part of the christian fascists last gasp effort to take control of the country. This is part of the ongoing coup. Mike Johnson isnt just some guy who happens to be Christian. Where are his bank accounts? I would bet the house that hes eyeballs deep in russian money.

@StarkRG @georgetakei

I think a big part of it is trying to make Biden look bad. Whenever we have had GOP pres and GOP Congress, they have no problem spending money.

@StarkRG @georgetakei Their tactic is to burn it all down and profit from the ashes. Chaos is their primary tool to gain control and destroy the country.
@georgetakei then wait, when that Trump(et) idiot gets re-elected, George, then it s getting really nasty! and: NOT only in economics, I m afraid! esp. migrants & LGBTQ community would suffer a lot...
@anorak_Al @georgetakei if he is reelected, he will do everything and anything he can to make himself dictator of the USA.
@CitizenZ @georgetakei then we have three of these morons. OMG!
@georgetakei
When they're openly discussing the need to put an end to the republic to "fix" things, I don't think 'brinksmanship' really applies anymore.
@georgetakei

The patriotic thing – the thing best for the future of the country – would be to remove GQP control of the House by whatever means necessary.

@georgetakei

The billionaires are trying to bankrupt the government.

@georgetakei I assume GOP will rely fruitlessly on thoughts and prayers to fix this.
@georgetakei It won't, though, because they're a party in service to a cult of personality and obsessed with media exposure and political stunts. Nothing will happen while any of the modern GOP is in power.
@georgetakei Just HOW are we going to DO that? The line blurs between Church and State with Johnson in there and they are coming after the constitution with an axe that is already undefended from the treason played against it.
Dems are too decent, too cowardly, too complicit (or a combination) to change this.

@georgetakei

Brinksmanship?

Their plan is to weaken the country, George.

You have not once mentioned Project 2025 or the plans to ditch democracy, and it shows.

(Not that you're reading this)

@georgetakei

The volatility the GOP manufactures is deliberate. They profit from the uncertainty in two ways. Stocks & Extortion.

1. Wall Street insiders get advance notice of decisions from their Republican members of congress.
https://www.axios.com/2023/09/13/government-shutdown-wall-street-congress-spending
Kelly Loeffler & David Perdue made millions on their stock trades in the prelude to the covid pandemic.
https://www.ajc.com/politics/a-timeline-of-investigations-into-perdue-loeffler-stock-trading/L6TU65WK5JBFXKDC4YWBKGGNPU/
https://www.nytimes.com/2020/12/02/us/politics/david-perdue-stock-trades.html

Then tried to overturn an election.
https://rollcall.com/2023/09/08/grand-jury-recommended-charges-against-graham-perdue-loeffler-in-georgia-case-on-2020-election/

1/2

How a government shutdown would affect Wall Street and the economy

Federal government spending is a quarter of U.S. GDP.

Axios

2/2

2. Republicans use threats of regulation & government shutdowns to extort donations from corporations or concessions from Biden.

The modern Republican party is a lot like the mob.
They are trying to manufacture a timely recession for 2024. Republican billionaire donors have been trying to doomcry a recession into existence for two years.
https://www.bnnbloomberg.ca/billionaire-home-depot-co-founder-bernard-marcus-backs-trump-1.1997034
Marcus hates unions & minimum wage increases.
https://thehill.com/business/4238909-shutdown-fears-loom-over-wall-street-after-mccarthy-ouster/

https://newrepublic.com/article/176148/jim-jordan-attack-big-tech-accept-donations

https://www.cnbc.com/2023/10/16/house-speaker-vote-google-amazon-could-benefit-from-jim-jordan-win.html

Billionaire Home Depot Co-Founder Bernard Marcus Backs Trump - BNN Bloomberg

Bernard Marcus, the billionaire co-founder of Home Depot Inc. and a Republican megadonor, announced he’s backing Donald Trump for president, pointing to the likelihood that the GOP frontrunner will win the party’s nomination.

BNN
@georgetakei this is why we need Biden to do an end run around all of this budget brinkmanship and #MintTheCoin
@georgetakei they have orders to shut it down. This is just a continuation of the coup. This is not brinksmanship. Its an insurrection.
@georgetakei on the other hand maybe they are trading on their insider knowledge https://finbold.com/this-trading-bot-buys-stocks-bought-by-politicians-heres-how-much-its-up/ - follow the money, remember?
This trading bot buys stocks bought by politicians; Here's how much it's up

Learn about the performance of a portfolio built by a trading bot that mirrors US politicians' stock purchases.

Finbold
@georgetakei Relax. I'm sure we'll get a clean budget where the IRS is outlawed and abortion is banned and punishable by death on Tuesday.
@georgetakei the impact of bad domestic politics on our credit worthiness is a serious concern of mine as well. This is what happens when republicans don't value the institutions they serve, and constantly act as 'outsiders' to better cater to their destructive base.

@georgetakei

The heat will start rising a week from now.

@georgetakei brinksmanship won’t end until republican members of Congress are dragged screaming from their homes, stripped naked and then tarred and feathered, on national tv.
To be clear, cold tar should be used, as well as chicken feathers, not those expensive goose feathers.
@georgetakei that’s the plan. The GOP wants to destroy the country not govern.
@georgetakei I think it’s time to stop with this state electors nonsense. Let’s count all the votes from all the US citizens and the party who gets the majority controls everything.
@georgetakei They don't care. Their goal is to destroy the country.
@georgetakei Wish these agencies would just say it outright: "The Republican Party is bad for your wealth."