Thursday, October 17, 2013

Wow Even Forbes is Calling the GOP the Stupid Party

Well I have to agree with them on this point though.

Make no mistake: Obamacare is a very bad thing. It’s even worse than the public currently realizes. It is vital that Obamacare be replaced by something workable.** However, to assault Obamacare with this particular weapon (a government shutdown over the “continuing resolution,” or “CR”), at this particular time (moments before the Obamacare “exchanges” crashed and burned on October 1), was an example of the “Stupid Party” richly deserving its sobriquet.

The bad part is that you knew that the exchanges were going to be a disaster. They only had a little while to work on them and they didn't dole them out to a tech powerhouse like Google. If they did that at least you would have someone to blame for their failure. Too bad we barely even hear about that failure because of the shutdown and debt limit fights.

I agree if the GOP pursued this plan to grow our way toward a better future instead of cutting spending they would gain back some measure of popularity.

Raising our long-term average real GDP growth rate by only 0.27 percentage points, from the CBO’s pathetic 2.21% to a still-anemic 2.48% would increase the present value of federal revenues by $205 trillion. This would close the fiscal gap, with no tax increases and no spending cuts. Growth is the only sane option, and is the only thing that the Republicans should be fighting for right now.

Imagine if we could get that growth to 3% or 5% or something. Growth lifts all boats and makes the lives of every American better. If the GOP ditched the slash and burn form of budgeting and thought long and hard about growing the GDP they would keep America great. The winning play is to push energy independence ahead of everything else.



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