It's pretty obvious that the U.S. market has been in a crisis situation for far too long. By any reasonable measure, 2010 is vastly better than 2009, but with the unemployment rate pushing 10%, and initial claims for unemployment insurance climbing to 500,000 last week, the scope of the problem is enormou
But that's no excuse for partisan nonsense. House Ways and Means ranking member Dave Camp (R-Mich.) issued a "report" yesterday, showing that -- get this -- the nation has lost jobs over the last year and a half. "While Democrats promised their 2009 stimulus would create 3.7 million jobs, the reality is far different," stated a release from Camp's office. "To date, 2.6 million jobs, including 2.5 million private sector jobs, have been lost."
This is lazy, intellectually dishonest drivel. That it's coming from someone who may be the next chairman of the House Ways and Means Committee is more than a little distressing.
Even a House Republican should be able to understand the reality here. When the Recovery Act passed, the economy was in freefall. When President Obama was sworn into office, the economy was losing nearly 800,000 jobs a month. By Camp's absurd reasoning, a recovery effort that didn't magically transform the entire economy, and instantly stop the job losses, necessarily constitutes failure. It's the kind of ridiculous argument one might hear from a partisan hack, desperate to score a cheap, baseless point, but leading members of Congress should know better.They should, but they don't give a damn. Obama's a socialist Kenyan Muslim who pals around with terrorists and who is going to destroy America. And this is also coming from members of Congress who should know better.
They don't care. Never will. It's all about getting back into power. Nothing else, including the American people, matters.
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