Jack Tame: Nothing says 'stability' like a catastrophic, self-inflicted recession

23 comments
President Barack Obama puts a bologna sandwich in to a Ziploc bag at Martha's Table, which assists the poor and where furloughed federal employees were volunteering. Photo / AP
President Barack Obama puts a bologna sandwich in to a Ziploc bag at Martha's Table, which assists the poor and where furloughed federal employees were volunteering. Photo / AP

Ok, I'm sorry.

Knowing readers of this column will be wearying of my dragging endlessly on about the US Government shutdown and the debt ceiling impasse and all the bull and bluster from the past month in the US Congress, I can only assure you I'm as thrilled as anyone we're finally moving forward.

Well. We're sort of moving forward. Moving forward in so much as anyone really expected. Moving forward for a few months 'til maybe we can do it all again.

Hip Hooray! That's one for the calendar.

The end played out just as everyone expected, about as predictably as a Steven Seagal film. The Tea Party came close to causing a catastrophic Government default only to concede in the final hours and extend the debt ceiling a little farther.

In truth, the majority of them must've realised well in advance of Friday's deadline they'd cooked up a good old nose/face cutting/spiting situation. It's well and good to hate a perfectly legal and popular-enough law (Obamacare), but when taking an irresponsible stand against said law threatens to devalue your personal stock portfolio, perhaps governing a country isn't such an unreasonable idea after all.

And perhaps when we do it all again next year, for a more exciting final scene, the greater US Congress should ignore common sense and instead act upon the fiscal advice of Congressman Ted Yoho. Mr Yoho, who holds no economic qualifications and until recently ran a veterinarian practice for large animals, wisely recommended during the debt limit crisis that the Government simply default on its bills.

"I think, personally, it would bring stability to the world markets." He told the Washington Post, disagreeing with almost every economist on Earth.
Good on you, Ted! YOLO, Yoho! Nothing says "stability" like a catastrophic, self-inflicted recession.

In the spirit of Ted's rosy-cheeked optimism though, I'd like to hazard a guess and suggest this won't actually happen again. President Obama has proved he's not willing to play hostage to extreme minority factions of the US Congress. With three quarters of Americans' disapproving of the Tea Party's ideological stand - including most moderate Republicans - the Tea Party has learnt this behavior really doesn't win them popularity.

The whole debacle has exposed and salted the festering Republican divide, where Tea Party interest groups threaten to campaign in next year's mid-term primaries against the Republican politicians who don't push their specific faction's agenda. But for the greater party to beat Hillary Clinton (No doubt) two years later and repeal Obamacare by proper democratic means, it'll take a reasonable, diverse, modern and united front: Everything the current GOP is not.

- Herald on Sunday

Have your say

We aim to have healthy debate. But we won't publish comments that abuse others. View commenting guidelines.

1200 characters left

Sort by
  • Oldest

© Copyright 2014, APN New Zealand Limited

Assembled by: (static) on red akl_n6 at 24 Aug 2014 08:18:23 Processing Time: 536ms