Yeah I have to Admit it the GOP are Economic Dolts

I read this article and some parts mined from the liberal drivel has solidified my thinking that the GOP needs to go back to college and take Economics 101 again.

For Senator Rand Paul (R-Ky.), the threat of America not paying its debts is not so much about economics as semantics. "It really is irresponsible of the president to try to scare the markets," he said. "If you don't raise your debt ceiling, all you're saying is, ‘We're going to be balancing the budget.' … the American public will say that sounds like a pretty reasonable idea."

The threat of America not paying its debts makes the entire world nervous. It isn't scare tactics to say that a debt default will be bad for every person that needs to buy a house, buy a car on credit, pay off a variable rate mortgage, or has a 401k. That adds up to millions of Americans harmed due to "semantics." This part is especially hard:

Ignorance about business, finance and economics is new to the GOP, which was once the proud party of big business and Wall Street. Now driven by the Tea Party, angry at bankers and Wall Street types who were saved by the government from bankruptcy in 2008 and 2009, the congressional GOP is being pushed around by a radical sect willing to risk the collapse of the world economy rather than accept that the Affordable Care Act is the law of the land.

Or willing to just let the Affordable Care Act fail miserably and then come in and clean up the bad parts. I assume the Tea Party isn't against insurance companies selling insurance in a marketplace. There just needs to be changes to the individual mandate and a few other things.

Also the vitriol from the Tea Party about the government bailouts seems unfounded because the US actually made money on some parts of the bailouts. The companies have paid us back with interest. I firmly believe that without the bailouts we would be in a deep depression now with bread lines etc. Instead the Treasury made decent returns on my tax money. I'm just waiting for my dividend check.

In any case I think that Wall Street and the Chamber of Commerce needs to start sending money to more pro-business candidates instead of Tea Party radicals. I would take a Hank Paulson in Congress (if he wanted to take a pay cut) before Michele Bachmann any day.