From conservative analyst Erick Erickson, explaining why Republicans should wreck the U.S. economy via default:
Obama has a legacy to worry about. Should the United States lose its bond rating, it will be called the “Obama Depression”. Congress does not get pinned with this stuff.
From Senate Majority Leader Mitch McConnell, explaining why Republicans shouldn't wreck the U.S. economy via default:
It destroys your brand and would give the president an opportunity to blame Republicans for a bad economy. Look, he owns the economy. He has been in office almost three years now. And we refuse to let him entice us in to co-ownership of a bad economy.
From James Pethokoukis, tweeting excitedly last night about the brighter side of bad economic news:
Ouch!....Obama 2012 nightmare!....Alarms bells must be ringing loudly tonight across Obamaland....Panic at the WH?....GOP nomination very much worth having.
Luckily, Americans see right through the Republican efforts.
Americans are unimpressed with their political leaders' handling of the debt ceiling crisis, with a new CBS News poll showing a majority disapprove of all the involved parties' conduct, but Republicans in Congress fare the worst, with just 21 percent backing their resistance to raising taxes.
Some 71% of the CBS poll disapproved of the GOP's handling of the debt ceiling crisis, simply because there would be no debt ceiling crisis other than the fact they manufactured it with the goal of holding our economy hostage. Obama gets a 43% rating here, not great, but that's still more than twice the GOP number.
Republicans are losing this battle badly. Unfortunately, America itself stands to lose the most.
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