We'll see in coming days the teabagger Republican Party declare victory for the "best deal" they could get from the democrats after democrats sign off on 1.5 trillion in cuts. This after democrats extended the Bush tax cuts, ostensibly to avoid harm to the fragile economy. Well this load of shit will cause much more harm. And according to economists cited in this article, the damage has already been done thanks to the teabagger-induced hit to consumer and business confidence.

That's exactly what they were hoping for, so that the "Obama economy" doesnt recover. Fucking treasonous bastards.

“The uncertainty associated with the news flow out of Washington … is really having an impact on consumer and business confidence,” RBS Senior Economist Michelle Girard told CNBC. “Right now for the U.S. economy it's all about confidence because businesses certainly have the wherewithal to hire and invest. But they're just hesitant to do so because no one is quite sure where this all ends up.” That uncertainty is already starting to show up in the latest round of monthly economic data. Industrial output hit the brakes in June, rising a modest 0.2 percent, according to the Federal Reserve. Retail sales and hiring have slowed sharply. On Friday, a widely watched survey of consumer sentiment showed Americans have turned gloomier than they’ve been since March 2009, when the economy was still contracting.



This isn't the first time Republicans have tried to sabotage the economy for political purposes:

It’s not the first time a political stalemate has hurt the job market, according to Dean Maki chief US economist at Barclay’s’ Capital. The budget standoff in late 1995 that temporarily shut down the government also sent companies slamming on the hiring brakes. “As was the case then, the current negotiations are similarly raising uncertainty and posing a risk to the labor market,” said Maki.



The democrats will rightly make excuses for how they had to deal away the recovery and possibly the next election to these saboteurs or else face something "much worse than the Great Depression", to use Timothy Geithner's description of a post-default world.

Obama knows he's dealing with true zealots. These zealots are willing to screw over Wall Street. They already have if you believe the above economist. We really are dealing with lunatics.