We all owe a debt of gratitude to TEA Party Republicans like Quico Canseco and Lamar Smith who trashed America’s historically sterling credit rating and caused a 630 point drop in the Dow Jones Industrial Average. Their sheer petulance over what is normally a simple housekeeping measure that has been passed dozens of times during both Democratic and Republican administrations, notably 19 times under Reagan alone, has added further drag on our already fragile economic recovery.
Taxpayers will foot the bill for higher interest rates on our national debt while simultaneously losing billions in the stock market which will undoubtedly lead to further job losses as Americans have less money to spend. All this is brought to us by Senate Minority Leader Mitch McConnell who promised to do everything in his power to make sure that President Obama doesn’t get re-elected.
So thank you Lamar Smith and Quico Canseco for showing America just how spiteful the TEA Party Republicans can be before the next election so we have our eyes wide open when next we vote.