So The Platinum Coin Was an Option After All

Despite that, the desire of many Democrats in their late-forties to mid-fifties to declare WE ARE NOT DIRTY HIPPIES! came to the fore (boldface mine):

The Obama administration was serious enough about manufacturing a high-value platinum coin to avert a congressional fight over the debt ceiling that it had its top lawyers draw up a memo laying out the legal case for such a move, The Huffington Post learned last week.

The Justice Department’s Office of Legal Counsel, which functions as a sort of law firm for the president and provides him and executive branch agencies with authoritative legal advice, formally weighed in on the platinum coin option sometime since Obama took office, according to OLC’s recent response to HuffPost’s Freedom of Information Act (FOIA) request. While the letter acknowledged the existence of memos on the platinum coin option, OLC officials determined they were “not appropriate for discretionary release.”

The administration previously stated that both the Treasury Department and the Federal Reserve did not believe that manufacturing a platinum coin could or should be used as a way to avoid raising the debt ceiling. The OLC has also weighed in on whether the 14th Amendment allows the president to ignore the debt ceiling, but the Justice Department has declined to make any memos on that topic public.

I really don’t expect them to like the Democratic wing of the Democratic Party. Nor do I expect credit to be given. But, by denigrating us, the administration weakened its hand. If they had needed to do this, it would have been much harder politically after they had publicly shot it down.

More eleventy-dimensional chess I suppose.

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1 Response to So The Platinum Coin Was an Option After All

  1. Horace Boothroyd III says:

    Hippies smell bad.

    They also threw away their political cred by their persistent support for third party vanity candidates running in spoiler mode so as to throw elections to the dreaded Republicans.

    How do you think we wound up with Governor Romney and President Bush?

    The intent might have been to throw some spine into the jellyfish Democrats, to drag the party to left, but it didn’t work. Come to think of it, that strategy didn’t work on Tsar Alexander neither.

    On the other hand, while the hippies were smoking dope and infusing sandalwood oil the teabaggers were busy organizing and taking over their neighborhood councils. Thirty years and ten thousand elections later, teahadis have the clout to shut down the federal government for three weeks.

    Food for thought.

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