Economy Will Continue to Struggle Under Democrats’ Policies

July 21, 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), Leonard Boswell (IA-03), Bruce Braley (IA-01), Dennis Cardoza (CA-18), Lois Capps (CA-23), Russ Carnahan (MO-03), Kathy Castor (FL-11), 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), Raul Grijalva (AZ-07), Brian Higgins (NY-27), Jim Himes (CT-04), Ruben Hinojosa (TX-15), Kathy Hochul (NY-26), Tim Holden (PA-17), Rush Holt (NJ-12), 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)

Economy Will Continue to Struggle Under Altmire’s Democrat Policies
Most Economic Forecasts Show Continuing Pain as Washington Democrats Cling to Their Failed Policies

Washington — Deeply troubling economic numbers have been endless so far this year, and the future will be no better as Jason Altmire and his fellow Washington Democrats continue to demand even more of the same taxing, spending and borrowing that are already stifling job creation and putting this country on the path to fiscal ruin. As an alarming number of major economic shops downgrade their growth outlook numbers, one has to wonder why Altmire believes doubling down on his failed economic policies will start to work now.

“It’s incredible that Jason Altmire continues to ignore the disastrous consequences his big-government policies have had for the economy, and even more alarming that he intends to tax, spend and raise his borrowing limit even more in order to continue this government spending spree,” said NRCC Communications Director Paul Lindsay. “At a time when Pennsylvania’s middle-class families need economic recovery the most, Altmire seems intent on advancing his failed Democrat policies even further, making this bad economy worse.”

Many major economic shops are downgrading their economic growth forecasts to extremely low levels, suggesting economic recovery continues to remain elusive under the Democrats’ control of Washington:

“The U.S. economy’s weak growth rate was supposed to end with the first half. … Recent reports, however, suggest the third-quarter economy is just limping along. While not a ‘soft spot,’ the expected growth rate is so meager it is unlikely to lower the jobless rate by much.

“Two major economic shops lowered their outlooks last week. First, economists at J.P. Morgan reduced their expectations for third-quarter real gross domestic product. They now expect real GDP growth of 2.5% this quarter, down from a prior view of 3.0%. Then on Friday, the crystal-ball gazers at Goldman Sachs brought down their forecast, also to 2.5%, from 3.25% previously.”

“Even so, 2.5% isn’t great. The U.S. economy cannot rack up impressive growth numbers when its important household sector is beset by worries over deleveraging, falling wealth, and weak jobs prospects.” (Kathleen Madigan, “Weak Growth Is Not Only in Rear-View Mirror,” The Wall Street Journal’s Real Time Economics Blog, 7/18/11)

Jason Altmire demonstrates how out of touch he is with his Pennsylvania constituents when he proposes even more of his failed Democrat spending spree in the midst of a struggling economy. Altmire should know they want pro-growth policies that will create quality private-sector jobs, not more of his plan to tax, spend and raise his ability to accumulate trillions more in debt.

Economy Will Continue to Struggle Under Democrats’ Policies http://ow.ly/5K8ur #madeinwdc

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