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“A Sugar Coated Satan Sandwich”

01 Aug

Hopefully, they will shoot this bill down today…

Debt Deal Emerging With Rightward Tilt

President Barack Obama’s rightward lurch to reach a $3 trillion deficit reduction deal with no guarantee of additional revenues had liberals fuming and Republicans all but declaring victory Sunday afternoon.

Rep. Emanuel Cleaver, chairman of the Congressional Black Caucus, said early reports of the new deal appeared to be “a sugar-coated Satan sandwich.” The Missouri Democrat said the CBC hadn’t yet made a formal declaration that the group would oppose it, “but this is a shady bill.”

“This deal trades people’s livelihoods for the votes of a few unappeasable right-wing radicals, and I will not support it,” ripped Rep. Raúl Grijalva (D-Ariz.), co-chairman of the Congressional Progressive Caucus, before House Democrats had even been briefed. “The lesson today is that Republicans can hold their breath long enough to get what they want.”

The President Surrenders

For the deal itself, given the available information, is a disaster, and not just for President Obama and his party. It will damage an already depressed economy; it will probably make America’s long-run deficit problem worse, not better; and most important, by demonstrating that raw extortion works and carries no political cost, it will take America a long way down the road to banana-republic status.

Start with the economics. We currently have a deeply depressed economy. We will almost certainly continue to have a depressed economy all through next year. And we will probably have a depressed economy through 2013 as well, if not beyond.

The worst thing you can do in these circumstances is slash government spending, since that will depress the economy even further. Pay no attention to those who invoke the confidence fairy, claiming that tough action on the budget will reassure businesses and consumers, leading them to spend more. It doesn’t work that way, a fact confirmed by many studies of the historical record.

Indeed, slashing spending while the economy is depressed won’t even help the budget situation much, and might well make it worse. On one side, interest rates on federal borrowing are currently very low, so spending cuts now will do little to reduce future interest costs. On the other side, making the economy weaker now will also hurt its long-run prospects, which will in turn reduce future revenue. So those demanding spending cuts now are like medieval doctors who treated the sick by bleeding them, and thereby made them even sicker.

And then there are the reported terms of the deal, which amount to an abject surrender on the part of the president. First, there will be big spending cuts, with no increase in revenue. Then a panel will make recommendations for further deficit reduction — and if these recommendations aren’t accepted, there will be more spending cuts.

 

 
 

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9 responses to ““A Sugar Coated Satan Sandwich”

  1. CNu

    August 1, 2011 at 11:40 AM

    Leave it to a country-assed jack-leg to mess up something as simple, forthright, and elegant as a shit sandwich, my people, my people SMH….,

    Like

     
    • btx3

      August 1, 2011 at 11:54 AM

      Think Cleaver was trying to put it in terms the Church Ladies wouldn’t go ballistic over.

      Going to be interesting to see if the Dems have the balls to shut this one down.

      Like

       
    • btx3

      August 1, 2011 at 4:22 PM

      Aha!

      Yesterday, Representative Emanuel Cleaver used the term “Satan Sandwich” to refer to the debt deal cooked up by House Speaker John Boehner and President Obama (or should we say, Commander in Chef?). This title attracted a lot of media attention, but as it turns out, Rep. Cleaver, D-S.C., was not the first to coin the term.

      In a deliciously literal form, a “Sugar-Coated Satan Sandwich” refers to a red velvet variation on the Southern Moon Pie. Made with red devil’s food cake and marshmallow filling, you can find the recipe here.

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  2. CNu

    August 1, 2011 at 8:05 PM

    He’s the pastor emeritus of an exceedingly bourgeousie united methodist church. They drank beers up in that mug, and the ladies of the church are fluent with terms vastly more scatological than “shit sandwich”…,

    Like

     
  3. nanakwame

    August 2, 2011 at 8:44 AM

    All I want to know is can the Chruch and the CBC create jobs and work for our folks? All else is conjectures of a passing generation

    Like

     
  4. CNu

    August 2, 2011 at 9:08 AM

    rotflmbao…,

    These 2nd and 3rd line inheritors of the civil rights movement can’t create a decent bowel movement. The president of the CBC is a gatekeeping, self-serving corporatist sock-puppet preserved in the public domain because of his proven, predictable, compliant, “responsible negro” bona fides…,

    Like

     
  5. t-shirts101

    August 2, 2011 at 10:01 AM

    A different perspective:

    …How Barack Obama Left John Boehner Holding the Teabag, Again.

    http://www.thepeoplesview.net/2011/08/paul-krugman-is-political-rookie-or-how.html

    Like

     
  6. t-shirts101

    August 2, 2011 at 10:20 AM

    Here’s another:

    Obama didn’t “cave” on the debt ceiling. Yes, he got almost nothing out of this deal. But let’s consider the harsh political realities he was up against:

    http://www.salon.com/news/politics/war_room/2011/08/01/obama_dickinson

    Like

     
  7. t-shirts101

    August 2, 2011 at 10:33 AM

    This is just funny:

    Eric Cantor’s Bitch Face:

    http://ericcantorsbitchface.tumblr.com/

    Like

     

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