Wednesday, September 21, 2011

Two interesting comments from Greg Sargent

Here are two interesting comments from Greg Sargent's Plum Line.
  • GOP leaders to Fed: Don’t act on economy: GOP leaders send a letter to the Fed chairman, urging him not to adopt any further stimulus to help the economy — on the grounds that more action could hurt it by weakening the dollar, even though many economists think a weakened dollar would be good for the country.

    Ezra Klein sense a threat in the public pressure. Steve Benen suggests we’re seeing the latest sign of active GOP sabotage of the economy. And Matthew Yglesias says this should be the story of the day.

  • Obama is tanking among independents: All that said, there’s no sugar-coating the fact that Obama’s overall numbers are terrible with indys. A new McClatchy-Marist poll finds that indys plan to vote against him by a whopping 53 to 28.

    This could be a referendum on the current economy, and Obama’s challenge is to change this by somehow leveraging the fact that indys approve of the actual fiscal policies he’s currently championing. Hence the newly aggressive approach.

So the Republicans, with nothing else to run on for 2012, are in the process of sabotaging the economy. Is there any doubt? They are doing it in public now. They aren't even trying to hide their efforts.

Well, apparently there is doubt among the independent voters. Remember that a major characteristic of "independent" voters is that they do not follow politics and have little in-depth information. They are probably reacting to the poor economy and blaming the President. Will they even hear of the letter from the Republican leadership to the Fed? If they do, will they understand what it means?

That reaction by the independent voters is exactly the one the Republican leadership is depending on.

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