Democrats’ Out of Control Spending Habits Do Not Inspire Confidence

September 28, 2011

Democrats’ Out of Control Spending Habits Do Not Inspire Confidence
Consumer Confidence Levels Depressingly Low in September Due to Lingering Economy Fragility

DC DEMOCRATS STILL DON’T GET IT: With one failed stimulus package under their belt, Washington Democrats are in a desperate scramble to gain support for another massive spending spree with Democrat leaders like Steny Hoyer outrageously claiming that the first stimulus benefitted the economy:

REP. STENY HOYER (D-MD): “Well, I tell you what. We created 2 million jobs after we passed that stimulus bill. So it had a stimulative effect. And what happened when the bill ran out just a few months ago? The economy started to regress. The fact of the matter is I don’t care whether we call a stimulus or recovery act it is what it is. (Interview with Rep. Steny Hoyer, Las Vegas Sun, 8/29/2011)

MADE IN WASHINGTON, DC: However, Americans continue to show low confidence in an economy that is crippled by rising prices for everyday items and extreme market volatility even after a nearly $1 trillion dollar stimulus:

“Consumers’ confidence in the economy remained weak in September after dropping to a post-recession low in the month before as Americans continued to worry about high unemployment and low wages.

“It’s not hard to see why consumers are freaked out about the U.S. economy. Net job creation came to a halt in August in the U.S. The official unemployment rate stayed at 9.1 percent. And consumers are facing higher prices for everything from food to clothing as retailers try to offset their rising costs for labor and materials.” (“Consumers’ confidence remains unchanged in September, after dropping in August,” Associated Press, 9/27/2011)