It amazes that despite so much positive things going on in our economy, Democrats have constantly talked it down, even go so far as to say that the economy is recession.
As part of her successful closing argument in the New Hampshire primary, Clinton deliberately made news at one of her events by citing new unemployment data to declare Jan. 5: “I think the economy is slipping toward recession.”
Pocketbook issues are moving to the fore as gas prices go up and housing foreclosures increase. Indeed, strategists in both parties speculate that the economy could be a bigger issue than national security in next fall’s general election.
“Hillary believes we need real action now,” says a policy paper to be issued by the Clinton campaign Friday. “While economists may still be debating whether we’ve met the technical definition of a recession, for hard-hit middle class families that question has already been answered.
While arguing about the economic outlook is one thing, there’s no reason for anyone to be giving the impression that the economy might be in a recession right now. Since Bush’s tax cuts have taken effect, we’ve experience continuous job growth. Unemployment has been at or below 5% (which is considered full employment)… As for the GDP, we’ve experienced 24 consecutive quarters of economic growth. Hardly the sign that may have “met the technical definition of a recession.”
Hillary’s use of anecdotal evidence to claim the economy is in bad shape is misleading, and her so-called economic stimulus package would do nothing to strengthen our economy. You can’t improve the economy by just spending money under the guise of economic stimulus.
To keep our economy strong, the first thing that needs to be done is to make President Bush’s tax cuts permanent.
Blogs For Victory 