John Tsitrian says Congresswoman Kristi Noem's budget/default kamikaze votes have harmed his business and the whole economy:
Some of my peers in the lodging industry are circulating numbers that show drops of anywhere from 30% to 50% for the shutdown period itself, with smaller but still noticeable losses for the few days immediately preceding the shutdown. In her pursuit of a much larger, if chimerical, agenda of undoing the U.S. government's duly passed and Constitutionally-sanctioned healthcare reform law, Congresswoman Noem is apparently willing to inflict some serious economic pain on her fellow South Dakotans, a notion that I find abhorrent, considering her constituents' best interests should be the main priority in her work as our representative [John Tsitrian, "Congresswoman Noem Sold Us Out," The Constant Commoner, 2013.10.17].
Tsitrian proceeds to question Noem's intellect, education, and compassion. Pat Powers will call that attack deranged; citizens tallying the true economic cost of Noem's GOP politics will call it justified:
- As Tsitrian notes, Standard and Poor's calculates that the 16-day partial government shutdown drained $24 billion from the economy. Thanks, Kristi.
- Those costs will multiply, as government workers furloughed this month and businessmen like Tsitrian who took a hit will hesitate to spend big money on Christmas gifts, contributing to a predicted 2% slide in holiday sales. Thanks, Kristi.
- Policy uncertainty (which Rep. Noem says is awful, just awful!) spiked again this week. The three highest spikes of economy-dampening policy uncertainty in the last three years have all come when Noem and her Republican colleagues have held the government hostage in debt-ceiling brinkmanship. Thanks, Kristi!
- (Also prolonging business uncertainty: Noem's failure to pass a Farm Bill. Thanks, Michael, for the reminder!)
- Since Noem rode the Tea Party horse to Congress in 2010, the GOP House's crisi-driven fiscal policy has cost the U.S. economy $700 billion and kept unemployment 1.4 percetange points higher than it would be if people smarter and more focused on the common welfare than Noem were running the House. Paul Krugman calls that the GOP Tax, wealth sucked out of the economy that doesn't do us any good. Thanks, Kristi!
Rep. Kristi Noem spent the day of her "Yay, Default!" vote grandstanding in a committee hearing about cones on the highway inconveniencing tourists and criticizing the National Park Service for not carrying out her government shutdown the way she wanted it carried out. Meanwhile, she voted to continue her party's war against not just the poor, but against the whole American economy.
Say it with me, John, and America: Thanks, Kristi!
Update 11:06 CDT: The Mitchell Daily Republic agrees that Noem was wrong to vote to keep Mount Rushmore closed, FSA agents and Guardsmen off the job, and America in peril of default. Their Thursday night editorial says that even most opponents of the Patient Protection and Affordable Care Act "want democracy, not anarchy."