Video
Source: Democracy Now!
TO Barack Obama, John Boehner, Harry Reid, Mitch McConnell, Nancy Pelosi and Eric Cantor, I just have two words of advice: Herbert Hoover.Then a few grafs about how “both parties” aren’t trying hard enough to compromise and how “our leadership” is “out of its mind” and how you, Obama, and you, Boehner, are equally bad because you “walked away from your negotiations” and then “retreated to your bases” instead of doing what you should have done, which was to have “taken the issue to the country and not let up until the other guy came back to the table.”
I know you’re all familiar with that name. Hoover lives in infamy in U.S. history for having been on duty when the Great Depression happened. You’re all courting a similar fate….
But unlike Hoover, who was just practicing the conventional economic wisdom of his day when we fell into the Depression, you have no excuses. We know what to do—a Grand Bargain: short-term stimulus to ease us through this deleveraging process, debt restructuring in the housing market and long-term budget-cutting to put our fiscal house in order. None of this is easy….