What economy? Is there anything left to crash?
This is like an arsonist setting a house on fire and then warning that if someone calls the fire brigade, they’ll just wreck the place.
Biden seized on Republican congressional leaders statements that they may refuse to approve an increase in the U.S. debt limit next year, which could throw the United States into default unless they can scale back some of Biden’s spending priorities.
“Republicans are determined to hold the economy hostage,” said Biden. “There is nothing that would create more chaos … Republicans are going to crash the economy.
What does this argument really tell us?
Biden and the Dems expect to lose the House, the Senate or both to Republicans and they’re preparing the ground for a debt limit fight. That’s an extraordinary pullback now that a red wave is starting to look likely again. Democrats by now have an easy three-step plan for winning debt limit fights. Beating Republicans at the debt limit is so easy even Biden could do it.
As an election closing argument, “Republicans are going to crash the economy” would work better if we were facing decline or instability, but not a catastrophe. When people can’t afford to buy food and are losing their retirement savings, threatening them with the opposition party doesn’t work so well.
But this isn’t even an election argument, it’s a debt limit argument. Biden and his people are preparing to muscle the opposition in the court of public opinion, blaming them for his economic disasters yet to come while accepting that they’re going to lose the midterms.