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Friday, October 28, 2011

Why the Republicans are not Celebrating Better GDP

    It ruins their 2012 election strategy of running against the "Obama recession." They have precious little else to run on. House Speaker Boehner may think it's cute after bad economic numbers come out to say, "Mr. President where are the jobs?" but what would be better is for the Speaker to answer this himself. After all he has been a fixture in the House for years, he has been in the majority for a year and what has he or his party done to create jobs?

    They have obstructed Obama's proposals, that's about it. And most Americans believe that Obama's ideas would create jobs and are frustrated that the Republicans are blocking them.

     http://thinkprogress.org/

     On the other hand Boehner and friends claim that the budget cuts they pushed through in April were job creating. This illusion that companies were not hiring due to regulation or tax uncertainty has payed the dividend you would expect: a recent report by the Center for American Progress shows it will actually destroy 370,000 jobs. Maybe that's why Boehner is always asking where are the jobs? So he can better destroy them.

      “All of the various 250 program reductions in the fiscal year 2011 Continuing Resolution probably eliminated more than 370,000 American jobs. The three areas selected for discussion in this paper are in my judgment neither the worst cuts made by the committee from a policy standpoint nor the best. But without a doubt they demonstrate the consequences of slashing government spending in a weak economy.”

       Next time he asks where they are let's just not tell him.

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