The stock market is falling, in part a reaction to GOP threats to shut down the government: it’s all part of their plan.
Treasury Secretary Janet Yellen last week warned us that the GOP is about to use Jude Wanniski’s “Two Santa Clauses” fraud again to damage Biden’s economy and our standing in the world. And, sure enough, Mitch McConnell verified it when he said last week there would be “zero” Republican votes to raise the debt ceiling.
Yellen responded yesterday by telling The Wall Street Journal that if the Republicans force a shutdown of the U.S. government like they did to Obama in 2011, “We would emerge from this crisis a permanently weaker nation.” But the GOP is adamant: they have their strategy and they’re sticking to it.
Here’s how it works, laid it out in simple summary:
First, the Two Santas strategy dictates, when Republicans control the White House they must spend money like a drunken…