Are Obama and the Democrats Planning Economic Collapse?

Are Obama and the Democrats Planning Economic Collapse?

by Robert Flynn 

President Barack Obama continued to argue with Congress over raising the debt ceiling as the deadline for when the United States' must raise the debt limit or default draws near.

Backed by advice from former President Bill Clinton that the White should "not blink," it is plausible that the Democrats will not make any meaningful cuts in spending.

Believing that the current fight over the debt ceiling is akin to the government shutdown of the Clinton Era is a mistake that the President seems likely to make.

Senator John McCain summed up the opinion of the Republicans when he stated that "the American people do not want their taxes raised...They don't want compromise." But the Democrats refuse to acknowledge that the current levels of government spending are too much, and maintain the need to increase taxes.

This current impasse sets the stage for the destruction of the United States economy. If there is not resolution to the problem of government spending, the United States will default on its debt. The American economy will collapse and President Obama will be able to say that it was the fault of the Republicans.

He could even go so far as to say that the Republicans have purposefully sabotaged the U.S. economy by refusing to raise the debt limit. Senator Charles Schumer of New York has already laid the groundwork for this possible scenario by recently making that very claim.

Could Obama and the Democrats be planning to refuse to make the necessary cuts in spending so that the Republicans will be forced to not make a deal? Are the Democrats already planning for the aftermath of the collapse of the U.S. economy? Are they hoping to ride the "blame train" all the way to the 2012 elections? If so the American people are in for some serious economic hardships and social unrest.

Without a deal on the debt ceiling, Obama and the Democrats can stand back and watch as their Union allies and their millions of angry, violent "protestors" take to the streets causing chaos. Any future nationwide union organized unrest should make the recent Wisconsin union protests look like a picnic.

If this scenario is what the Obama and the Democrats are planning, and both Charles Schumer's and Bill Clinton's recent comments could be interpreted as evidence to suggest this, then it would be the President and the Democrats who are purposefully sabotaging the U.S. economy for their own political reasons.

This could make the 2012 election one of the most important in American history. If the American people have to suffer economic collapse, there will be a price to pay. And that price should be government hearings into purposeful manipulation of the economy for political purposes.

If the Democrats win in 2012, then it could be they who hold the hearings, but if Republicans are elected, then they can discover if President Obama and the Democrats in Congress are purposefully refusing to make cuts in government spending in order to collapse the economy and make political gains.