I know this happened a couple of days ago but A) I haven’t read about anyone covering this yet and B) every time I think about it I get even angrier. On Tuesday the Plain Dealer ran a Letter to the Editor from Treasurer Josh Mandel. In the letter he points to the crash in the markets as evidence that the debt ceiling compromise had caused the economy to crumble, Sherrod Brown voting helped cause it, and that his own stance of letting the country go into default was a better alternative. I’ll let that set in for a moment.
On Wednesday, The Plain Dealer editorialized about my opposition to the D.C. debt deal, stating that if Congress did not pass it, “the damage to this nation’s reputation would have been significant.” What’s transpired since then has proven that Sen. Sherrod Brown’s support of the debt deal and his vote against the balanced budget amendment were decisions both harmful and, once again, out of touch with Ohio families and senior citizens.
I particularly like the last part where somehow Sherrod Brown is the one who is “out of touch with Ohio families and senior citizens.” I’m still waiting for someone to explain to me how Mandel’s idea of defaulting on our debt somehow makes him the responsible one. I don’t see how preventing seniors from receiving their social security checks, truly destroying the credit rating of the U.S., and stopping paychecks from going out to soldiers’ families makes you a reasonable person. Someone please tell Josh Mandel that you can’t call other people out of touch and reckless when your answer to the problem would have created an even worse outcome.
It is important to realize that Josh Mandel’s letter to the editor was not a counter to our, and the Plain Dealer’s argument, that his stance on the debt ceiling compromise was extreme and dangerous. In fact, one of the main reasons that the S&P gave for downgrading the U.S. was because of the hostage scenario we just went through. With the republicans in Congress willing to hold a gun to the head of the economy what aren’t they willing to do? This is from the S&P press release:
…we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government’s debt dynamics any time soon.
Basically, S&P was taking us to task for even thinking that defaulting is ever a good idea. Why? Because even the willingness to go down that line of reasoning shows you are unfit to lead.
Once again to prove how the republican party has no sense of irony, I would love to hear what Rob Portman has to say about this whole thing. Considering that Rob Portman just endorsed Mandel for Senate and seeing how Rob Portman also voted for the debt ceiling increase, doesn’t he have to get some of the blame for this, too? Or better yet, what about from Speaker Boehner who said he got 98% of what he wanted in this deal? He has to be just as culpable, right?
The more I think about this the more it makes me mad at the Plain Dealer for even agreeing to run this letter. It is clear that Josh Mandel will say anything to attempt to score political points and they gave Mandel an arena to do it in.