Inactions Have Consequences

A spokesman for Senate Majority Leader Harry Reid (D-NV) announced the decision in a statement that blamed Republicans for holding up tax cuts for the middle class in order to prevent a tax hike on wealthier taxpayers.

“Democrats will not allow families in Nevada and across the country to suffer or be held hostage by Republicans who would rather give tax giveaways to millionaires and corporations that ship jobs overseas,” said Jim Manley, the spokesman for Reid.

“We will come back in November and stay in session as long as it takes to get this done.”

Nothing will get more jobs shipped overseas faster than to raise taxes on "millionaires and corporations" (i.e. job-creators).  Which suits Dems just fine, as it will dry up even more capital, drive unemployment even higher, reduce even more Americans to government dependence, and further entrench them in power forever.  That they think this is a winning issue for them such that they're trundling out the O-Care Long March rhetoric for it is just amazing.

Why?  Because Republicans won't be able to "hold hostage" a blessed thing until the next Congress.  Not even in the Senate, where any tax measure can be (legitimately) rammed through under reconciliation, bypassing any filibuster.  It's like Dems are running their 2012 campaign to regain their majorities because every strategy and tactic they had for holding them in 2010 has already been exhausted.

You could almost get the idea that they didn't think accountability ought to come with the power they swindled Republicans out of two years ago.  A conceit they're going to be "shocked & awed" out of in thirty-eight days.

Paul Volcker, the man who, with Ronald Reagan, slayed the LBJ-Carter inflation beast thirty years ago, just gave the Regime (another) preview:

Yesterday Paul Volcker, chairman of the Presidential Economic Recovery Advisory Board and former chairman of the Fed, delivered a diatribe at the Federal Reserve Bank of Chicago directed at almost everyone. The Wall Street Journal reports that Volcker scrapped the speech he had prepared for the event and instead extemporaneously criticized almost everyone in the financial system, including bankers, regulators, business schools, and others. 

As an adviser to the president, he veered distinctly off-message. He called the council of regulators created in the new financial "reform" bill "potentially cumbersome," called for "structural changes in markets and market regulation," and proclaimed that "[t]he financial system is broken. We can use that term in late 2008, and I think it's fair to still use the term unfortunately. We know that parts of it are absolutely broken, like the mortgage market which only happens to be the most important part of our capital markets [and has] become a subsidiary of the U.S. government."

Not exactly a ringing endorsement of the reform bill or of the administration's regulatory supervision in general. 

But a devastatingly accurate description of the Regime's intended endgame from the Democrat Financial Logic Bomb.  Even more than the failure of Obamanomics to "fix" the economy, it is the inexorable seeping into the American collective consciousness that it was deliberate Donk sabotage that laid waste to the jobs, homes, and life savings of millions of Americans, all for their own greed and political empowerment, that will destroy the Democrat Party for years, perhaps decades, to come.

We know that sometimes bad things just happen.  But when bad things are done TO you, and even moreso when you are duped into doing something bad to yourself, that's when people get indellibly and lastingly pissed.  The DFLB was an act of economic war against the American people, and it was exploited to swindle us into electing its perpetrators, who proceeded to abuse that power to wage political war against us.  Now we are coming to avenge ourself upon them in the only way they understand and fear: at the ballot box - while we still can.

And my God do they know it.

But they can't acknowledge it.  And they'll go down refusing to acknowledge it, and that they brought it entirely upon themselves.

And so they will continue digging their own graves as Rome burns all around them:

New orders for manufactured durable goods in August decreased $2.5 billion or 1.3% to $191.1 billion, the U.S. Census Bureau announced today. Down three of the last four months, this decrease followed a 0.7% July increase. Excluding transportation, new orders increased 2.0%. Excluding defense, new orders decreased 1.2%. Transportation equipment, also down three of the last four months, had the largest decrease, $5.3 billion or 10.3% to $46.6 billion. This was due to nondefense aircraft and parts, which decreased $3.6 billion.

Shipments of manufactured durable goods in August, down following two consecutive monthly increases, decreased $3.1 billion or 1.5% to $197.9 billion. This followed a 2.5% July increase. Transportation equipment, also down following two consecutive monthly increases, decreased $3.1 billion or 5.9% to $49.5 billion.

Single-family home sales were also unchanged in August from their record July low.

IOW, flatline, until the November 2nd defibrillation.