Dems’ Failed, Unpopular Policies Have Made A Bad Economy Even Worse

June 22, 2011

FYI, a similar version of this release below went out to the following districts: Jason Altmire (PA-04), Sanford Bishop (GA-02), Tim Bishop (NY-01), Dan Boren (OK-02), Leonard Boswell (IA-03), Bruce Braley (IA-01), Dennis Cardoza (CA-18), Russ Carnahan (MO-03), Ben Chandler (KY-06), David Cicilline (RI-01), Gerry Connolly (VA-11), Jim Cooper (TN-05), Jim Costa (CA-20), Jerry Costello (IL-12), Mark Critz (PA-12), Henry Cuellar (TX-28), Peter DeFazio (OR-04), Joe Donnelly (IN-02), Raul Grijalva (AZ-07), Martin Heinrich (NM-01), Brian Higgins (NY-27), Jim Himes (CT-04), Ruben Hinojosa (TX-15), Kathy Hochul (NY-26), Tim Holden (PA-17), Rush Holt (NJ-12), Jay Inslee (WA-01), Steve Israel (NY-02), Bill Keating (MA-10), Dale Kildee (MI-05), Ron Kind (WI-03), Larry Kissell (NC-08), Rick Larsen (WA-02), David Loebsack (IA-02), Jim Matheson (UT-02), Carolyn McCarthy (NY-04), Mike McIntyre (NC-07), Jerry McNerney (CA-11), Michael Michaud (ME-02), Brad Miller (NC-13), Bill Owens (NY-23), Frank Pallone (NJ-06), Ed Perlmutter (CO-07), Gary Peters (MI-09), Collin Peterson (MN-07), Chellie Pingree (ME-01), David Price (NC-04), Nick Rahall (WV-03), Mike Ross (AR-04), Loretta Sanchez (CA-47), Kurt Schrader (OR-05), Heath Shuler (NC-11), Adam Smith (WA-09), Betty Sutton (OH-13), John Tierney (MA-06), Niki Tsongas (MA-05), Pete Visclosky (IN-01), Tim Walz (MN-01), David Wu (OR-01), John Yarmuth (KY-03)
Schrader’s Failed, Unpopular Policies Have Made A Bad Economy Even Worse
Oregon Democrat Could Double Down As Americans Continue to Suffer Economic Misery

Washington — As Kurt Schrader and his fellow Democrats consider demanding even more taxing, spending and job-crushing red tape, the economy still struggles with the side-effects of their prior failed attempts. The continuing news of acute economic distress makes it particularly hard for the Democrats who control Washington like Schrader to justify more of the same unpopular policies that Americans have resoundingly rejected.

“The fact that Kurt Schrader would even consider doubling down on his Democrat leaders’ plans to hike taxes and spending, rather than finally having the government live within its means, shows he is all but blind to the needs of middle-class families in Oregon,” said NRCC Communications Director Paul Lindsay. “Schrader’s Democrat spending and borrowing spree has left us with the struggling economy Oregon families and small businesses face today, which is why they strongly reject even more of these same failed policies.”

A new poll shows most Americans have rejected the Democrats’ spend and borrow policies, and nearly half say they are worse off than when President Obama took office in 2009:

“Fewer than a quarter of people see signs of improvement in the economy, and two-thirds say they believe the country is on the wrong track overall, according to a Bloomberg National Poll conducted June 17-20.”

“By a 44 percent to 34 percent margin, Americans say they believe they are worse off than when President Barack Obama took office in early 2009, when the U.S. was in the depths of a recession compounded by the September 2008 financial crisis and the economy was losing as many as 820,000 jobs a month.”

“A majority of Americans say job growth would best be revived with prescriptions favored by the party: cuts in government spending and taxes, the Bloomberg Poll shows. Even 40 percent of Democrats share that view.” (Mike Dorning, “Poll: 44% of Americans Worse Off Under Obama,” Bloomberg, 6/22/11)

And high unemployment and inflation has resulted in the highest economic “Misery Index” in 28 years:

“In fact, misery, as measured in the unofficial Misery Index that simply totals the unemployment and inflation rates, is at a 28-year high, reflective of how weak the economic recovery has been and how far there is to go.

“The index, first compiled during the soaring inflation days of the 1970s by economist Arthur Okun, is registering a nausea-inducing 12.7—9.1 percent for unemployment and 3.6 percent for annualized inflation—a number not seen since 1983. The index has been above 10 since November 2009 and had been under double-digits from June 1993 through May 2008.” (Jeff Cox, “How Miserable? Index Says the Worst in 28 Years,” CNBC’s NetNet Blog, 6/17/11)

In the wake of Kurt Schrader’s unpopular Democrat policies are continuing signs of economic distress that profoundly impact Oregon’s middle-class families and small businesses. However, one has to wonder what Schrader and his Democrat leaders are thinking as they contemplate another round of the same spending and borrowing that will make the problem even worse.

Dems’ Failed, Unpopular Policies Have Made A Bad Economy Even Worse #madeinwdc