I don’t know what got into Jim Cramer. Apparently, he must have thought the GOP Clown Car debate CNBC inflicted on its viewers involved a group of grown ups discussing serious economic and financial issue in a serious way.
Did he not know, before last night, that this group of GOP specimens includes some of the silliest, most clueless, confused, misinformed and/or intellectually challenged/dishonest bunch of charlatans ever assembled by a national political party? Was he really surprised to learn these clowns perfectly reflect what the Republican Party has become, that they have nothing useful or even coherent to say about any of the nation’s real problems?
Europe is teetering on the edge of a financial collapse so serious it’s likely to cause a recession or worse there and drag the US back into it here. Sounds like a serous topic, right? And part of the reason is Europe’s leaders became enthralled with the same dishonest deficit/debt hysteria that afflicts the GOP and most of the Congressional Democrats, not to mention the President and his not-the-Chief of Staff corporate bagman.
Much like the US, Europe is burdened with incompetent political and economic leadership, epitomized there by a depressingly (literally) irresponsible European Central Bank. Collectively, they’re strangling their own economies in the absurd belief that if you punish and impoverish the debtors that buy your stuff, creditor nations that sell them that stuff will be just fine.
Sensible people understand the ECB’s abdication of its core responsibilities — e.g., lender of last resort in a financial crisis — will hasten collapse in Europe. So naturally, half of the GOP’s clowns want to abolish the central bank here or “hurt” the Fed Chairman if he does something sensible to help the recovery, and the ones who know this is wrong are too cowardly to explain why that’s nuts.
It’s possible that Huntsman understands part of this — but he will never let on and it doesn’t matter for Mr. 1% anyway — and that Romney, in wandering between positions, misunderstands the rest but will take whatever position his audience needs to hear. But it’s not credible that anyone else on that stage, including half of CNBC’s questioners — Rick Santelli! – grasps what’s happening in Europe or here.
The GOP’s proposals are a mindless collection of talking points and pointless initiatives that at best would do nothing except give money to friends but collectively would make things worse. In the meantime, their colleagues in Congress doggedly refuse to even debate even modest proposals that might actually help the unemployed and rescue homeowners and drowning states.
But this is not news. We’ve known for some time that the GOP has become hopelessly corrupt, confused, corporatized, criminal and captured by teh stupid. The one thing it’s definitely not is conservative. It’s destructive of everything, and that means they’re dangerous. Even George Will knows this.
The Republican party should be abolished for the good of the country, and it’s astonishing that Jim Cramer is just discovering this. Will Maria now admit it too?