President Expects Speaker Boehner To Lose Game of Chicken

The weirdness of Obamanomics that inevitably deepens the federal debt while concentrating wealth leaves us breathless. The President expects Speaker Boehner to lose the game of debt ceiling chicken and veer out of the crash course with the juggernaut of national economic doom the President is driving toward. Speaker John "Crybaby' Boehner probably will avoid the crash of federal fiscal default, too many Republicans are heavily invested in the Wall Street financial swindle to draw the federal debt line at 17 trillion dollars.

Why the President desires to crash the U.S. economy is something of a mystery. It is possible to generally consider the other main factors in the developing fiasco though. The media just needs someone to blame, and with the wealth owned preponderantly by Republicans it’s reasonable to support those leavering the organizational collectives known as corporations from both sides of the political opinion line.

The Democrat Party represents the rich and the middle class a little having thrown the poor under the bus some time back. President Obama was the scarlet pimpernel rescuing the Bush tax cuts twice from the jaws of expiration following his work at loaning trillions to banks and giving them zero-interest loans worth 85 billion per month. With Fed Reserve Chief Bernanke leaving he has nominated Janice Yellin to shout for the economic loaves.

The Republican Party of course works for global corporate collectivism through Wall Street stock networking. They are for-the-rich plutocracy with token references to classical American values of the founders. Not very nationalist these decades they have many non-abomination supporting nationalist plain Republican members deceived into believing the party has some nationalist pragmatism about it vestigially. Many of that sort of Republican migrates seasonally to the Tea Party.

The Tea Party's values are somewhat traditional, yet like libertarianist thought in the present era the global Plutocracy would benefit most from financial deregulation. It is just the poor and environmentalists that are concerned with reality nationally speaking, yet they have very little real representation.

Obamanomics probably will deepen public debt to 21 trillion dollars more or less. Interest on the public debt will exceed one trillion annually. The Obama cult of personality drawing in homosexual support is a rather unreasoning economic policy that has cash as a kind of unreality to be printed out or taken from the rich with no consequences for public debt. When the Premier of China asked Sect. Kerry about the debt recently that highlighted the problem facing the poor in the years ahead when the enormity of the debt brings financial austerity to the U.S.A. one way or another.

In the future financial austerity it is the poor that will suffer most with public programs for the poor being cut first and foremost. The rich and middle class will be invested globally and weather the financial storm well. The majority of democrats and the Republicans that aren't prosperous will suffer most and find an unsympathetic global majority unwilling to support a deficit financed life style for Americans with loans. The rich will have outsourced quality jobs globally and made it very difficult for Americans to negotiate for new quality jobs or defense of boundaries from illegal immigration. Loss of political power will be the most direct consequence for the Democrat and Republican middle class and poor who comprise such a tiny minority of the world's population. The President seems too happy to drive the economy into ruin, especially supported by a media with fantasy economic reporting about the U6 as well as the state of the environment.

Speaker Boehner will not stop public debt from deepening for he, as well as Chief Justice Roberts and bought and paid for by the global Plutocracy.