A Faithful Servant of Big Money

This is how Joe Conason describes Mitch McConnell, apparently for acknowledging that the US defaulting on its debts might be bad for “the economy.”  Conason then turns around and chastises those childish Republicans in congress for listening to the “mindless ravings of Michele Bachmann” instead of the “expert opinion” of Ben Bernanke, Wall Street’s very own man in Washington.  (In another nice bit of irony, he says that the Republicans are suffering from “political schizophrenia”—this coming from a liberal who’s worried about the banks getting their interest payments.)

Here’s Conason again, flogging away at those “dysfunctional” tea partiers who want to stand on their silly principles rather than heed the sage advice of the grown-ups in the room:

They could listen to ultraconservative senators like Tom Coburn, R-Okla., and Saxby Chambliss, R-Ga.—members of the Gang of Six/Seven whose own profound ideological hostility to Obama and the Democrats still leaves space for prudence.

Or they could listen to more than 60 business groups, from the National Association of Manufacturers and the Chamber of Commerce to the Telecommunications Industry Association and the American Gas Association, all fearful of the consequences of default.

Yes, the prudent position is the one where you borrow more money to pay off your debts.  Tightening the budget, on the other hand, is wild-eyed recklessness.  I mean, those defense contractors need to survive, too!  We wouldn’t want to put Raytheon out on the street, now would we?  Oh, sorry, I meant Granny—we wouldn’t want to put Granny out on the street.  Because the best way to ensure Granny’s financial security is for the fed gov to keep borrowing and inflating the currency until she can barely afford a bag of chips with her measly $200 social security check.

Can we dispense with the fiction already that the Republicans are the party of Wall Street and the Democrats are the party of the little man?