In last Friday's Wall Street Journal, former Clinton Secretary of Labor Robert Reich wrote a fear-mongering editorial entitled Why Business Should Fear the Tea Party.
Worried about the Tea Party's potential effect in today's elections, Reich wrote of how the movement has "shaken the GOP to its core" by defeating RINOs in Senate.
He then moved to his main topic, i.e., Rand Paul's call to abolish the Fed. Reich provides poll numbers showing more Tea Partiers want the Fed gone than does the general public, so it must be bad for Tea Party-backed candidates to win elections. Next, Reich cites Jim DeMint's focus on eliminating the IRS.
By mid-editorial, Reich shifts to basically admitting that Wonderboy has not been good for the economy, but, surely, Tea Party victors in Congress will only increase uncertainty, causing even more economic damage.
In the final paragraphs of his piece, Reich excoriates Michelle Bachmann for sensibly worrying that the current administration is trying to use the G-20 to advance the cause of 'world government. He quotes Bachmann as saying,
"I don't want the U.S. to be in a global economy where our economic future is bound to that of Zimbabwe,"
as if that's not a sensible sentiment.
Reich then reprises Wonderboy's 'cling to their guns and religion' theme, claiming that the Tea Party aims would not be gaining traction if there weren't a recession. He concludes by calling on business to "stand[ing] up to this dangerous idiocy, while actively supporting policies to relieve the economic stresses that fuel it."
In short, Reich is all for business as usual, with no change in the intrusive Progressive policies which, since 1932, have gradually but inevitably brought the US to its current profligate condition.
In Bob Reich's world, that's okay. Don't worry about overwhelming public debt, China's ownership of so much of it, slow economic growth or a weak dollar. And you certainly don't want to do anything too radical to reverse any of those phenomena.
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