The Ryan-Murray budget deal to restore profligate military spending and cut the pension system is not winning many supporters. But not everyone is displeased with the Ryan-Murray budget deal. Jamie Dimon, the CEO of JPMorgan, said he sent an email to Ryan and Murray profusely thanking them and that the deal is a sign of good things to come.
DIMON: I sent an email to Patty Murray and Paul Ryan yesterday basically saying ‘thank you, thank you, thank you’ and may the lord bless them because the country is getting stronger every single day. And not shooting ourselves in the foot is a very good thing not to do.
While Dimon is enthused, Minority Leader Nancy Pelosi seems less ebullient but no less committed to supporting the Ryan-Murray deal. Pelosi reportedly told her congressional colleagues to “embrace the suck” at a party caucus meeting.
House Minority Leader Nancy Pelosi told Democratic House members at a meeting Thursday morning to “embrace the suck” and encouraged enough members to back the budget deal on the floor to allow passage, according to an attendee of the meeting.
“We need to get this off the table so we can go forward,” Pelosi told her members, according to someone inside the closed meeting of the caucus.
Yes, embrace failure and total capitulation to right-wing interests – that’s leadership. Everyone please work hard in 2014 to make this woman Speaker again – embrace the suck.
The defeatist attitude among congressional Democrats is inexplicable given the weakness of the GOP unless you accept they don’t really want to win, that the same donor class that gives to the GOP – see Dimon above – loves this deal. It has everything – cuts to federal pensions, defense and intelligence patronage, ending extended unemployment benefits, and the promise of future cuts down the road. Wall Street says thank you.
The Democratic Party’s leadership has thrown in the towel on fighting for the middle class and embraced the right-wing vision of prosperity for the 1%. If you can’t beat them, suck them?