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Monday, May 22, 2023
Out & About in America This Evening
Monday, May 22, 2023
BY JULIA CLAIRE & CROOKED MEDIA
- Laura Ingraham deflecting the fact that Fox News aired the hell out of a fake story in which undocumented immigrants were “displacing homeless people in hotels.”
[Sweating] At what point is it appropriate for us to start panicking about the debt limit?
President Biden will meet today with House Speaker Kevin McCarthy—the king of making us say “Is this guy f... serious?”— as misbegotten negotiations to stop Republicans from plunging the country into a recession remain at an impasse. With as few as 10(!) days left until the nation runs out of borrowing authority—the money it needs to honor its debts—McCarthy is running out the clock, prolonging his extortion scheme, which could send the United States into default for the first time in history. At the end of the Monday meeting, the two camps had still reported that no deal had been struck, but McCarthy and Rep. Patrick McHenry (R-NC) expressed positivity about the meeting, which we have to be honest, does not make us feel good about the trajectory of negotiations.
This stalemate (driven by GOP avarice and the party’s ideological commitment to hurting the most vulnerable Americans as much and as often as possible) has already begun to harm financial markets and the economy. The Dow Jones fell by about 140 points by the end of trading on Monday. So yes, even if we don’t default, the mere threat of default could cost the economy wealth and jobs. Fitch Ratings and Moody’s Investors Service have already indicated that they could place the country’s credit under review if the GOP brings us too close to default, just as they did when Republicans held the economy hostage like this in 2011.
So the question remains: Is Kevin McCarthy going to cut the b...t, or unleash a global economic collapse for no reason?
The Treasury Department issued its latest warning Monday morning, employing its most urgent language yet, saying that the U.S. is “highly likely” to run out of money and other options in early June. It bears repeating that if the debt-limit crisis leads us to a first-ever default on our national debt and/or a recession, the effects would be felt the world over. According to chief economist at Moody’s Analytics Mark Zandi, “No corner of the global economy will be spared.” Now, I’m not much of a numbers guy, but that sounds bad!
Wow! Pretty infuriating stuff! We have to lay blame at the feet of Kevin McCarthy, and all of the bad actors in his orbit telling him that’s a good idea. (Hi, Donald Trump!) And Biden and congressional Democratic leaders should explain to their supporters why they didn’t eliminate the debt limit when they had the chance, and how they got hoodwinked into a negotiation they insisted they’d never tolerate again. But I propose we also take a moment of silence to be mad at the New York State Democratic Party, which fumbled the 2022 midterms so badly that even Rep. George Santos (R-NY)—who now stands indicted on 13 felony counts—managed to win, while the GOP flipped three other House seats in a state where Democratic voters outnumber Republicans two-to-one. Isn’t it nice that there’s enough blame to go around?
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Remember Jack Teixeira, the 21-year-old Air National Guardsman with a long history of racist behavior behind one of the biggest leaks of classified documents in modern history? Well, an early initiative by the Biden administration seeking to root out ideological extremism in the military was designed specifically to identify people like Teixeira, but the effort never got off the ground, because our institutions are addicted to cowering in fear of Republicans when they pretend to be mad about stuff. The kind of anti-government, White-supremacist views espoused by Teixeira would have put him squarely in the crosshairs of the Pentagon’s Countering Extremism Working Group, but senior officials folded under pressure from Republican members of Congress, who labeled the initiative “wokeism in the military.” Wokeism. In. The. Military. Do we live in the dumbest possible timeline? Perhaps.
The working group was initially headed by combat veteran Bishop Garrison, before he came under GOP fire for having criticized disgraced former president Donald Trump in a tweet before taking his role. The fact that Garrison is Black also made Republicans suspicious that he would be too mean to White supremacists. The idea that Garrison was too “biased” against MAGA chuds led to the erosion of his support within the Department of Defense. Adding to Garrison’s issues was the fact that the U.S. military is still in denial over the issue. For instance, in an April 2021 congressional hearing, two four-star military commanders testified that the military simply does not have an extremism problem. When conservative officials demonstrate that they’re too afraid of being accused of “wokeism” to root out actual White supremacists serving in the military, maybe we should stop listening to them on this matter!