The Tea Party and RICO
Having fulfilled their purpose of dumping the vulnerable US economy back into the toilet of recession, the Tea Party wing of the GOP has a final job: to flush it using the president as a commode handle. However, in bragging about it as some kind of ideological triumph, they admit ownership of creating a lucrative opportunity for profiteers to engage in short-selling the United States. As Republican sympathizers and media pundits attempt to divert public attention almost apologetically for this blatant racketeering, the Republican Tea Party members have breached their Congressional oath of office knowing that they cannot be impeached nor be recalled. But they are not above the law. It is called RICO.
“We're going to make sure Barack Obama is a one-term president!” Michele Bachmann (R-MN) proudly exclaimed in Iowa. Next to an actual default, which she sought to enable by voting against raising the debt ceiling four times, the founder of the Tea Party Caucus and declared presidential candidate tells her audience that Standard & Poor's lowering America's bond rating from AAA to AA+ is a triumph. "What we saw last week is the markets agreed with me," Bachmann proclaimed. "It [US bond rating] was lowered for the first time in American history!"
Put another way, the way to defeat the incumbent president is by manipulating the market.
Earlier this year, the new Republican Majority Leader Eric Cantor (R-VA) told the 87 freshmen who had given the GOP control of the House, “I’m asking you to look at a potential increase in the debt limit as a leverage moment when the White House and President Obama will have to deal with us.” Having recently received money and support, they listened as their leader told them, “Either we stick together and demonstrate that we’re a team that will fight for and stand by our principles, or we will lose that leverage.”
As CNN reported, the message from Cantor to House Republicans was "to stop grumbling and whining and to come together as conservatives and rally behind the speaker and call the president's bluff." They stuck together and refused to compromise on ending tax breaks for corporations and the wealthy.
Put another way, the way to gain power is through extortion.
That may all look and sound merely political, but it is not. The behavior has less to do with proclamations about ideology and principal than it does about money. In this regard there is an argument that has not yet been made. That argument is that allegedly these Tea Party Representatives in Congress have deliberately conspired to devalue the US credit for political and/or personal benefit. Whether it has to do with preparation for an election or not, allegedly they have knowingly or otherwise been party to committing the following actions punishable under the RICO Act: securities fraud, obstruction of justice and extortion.
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