MADE IN DC: Democrats Say Economy Will Get Better After Next Year, but Americans Need Relief Now

Democrats Say Economy Will Get Better After Next Year, but Americans Need Relief Now
As Inflation Rises, so Does Obama and Congressional Democrats’ Disapproval Ratings

DC DEMOCRATS STILL DON’T GET IT: Obama and Washington Democrats’ inactivity continue to jeopardize recovery, letting a bad economy get worse, while the American middle class is in desperate need of action right now:

“Confronting the most public anxiety yet of his Midwestern tour, President Barack Obama sought Wednesday to reassure an audience in his home state of Illinois that the economy would recover, but warned that Washington is not the answer to the nation’s economic troubles.

“He conceded that it will take at least a year for housing prices and sales to start rising, a key marker of an improved economy.”

“’It will probably take this year and next year for us to see a slow appreciation again in the housing market,’” he added. (Jim Kuhnhenn, “Obama: Another year or more for housing turnaround,” AP, 8/17/2011)

MADE IN WASHINGTON, DC: High production prices and rising inflation are unneeded reminders of the weak state of the economy and the urgency with which Washington Democrats should end their job-crushing policies that burden struggling families:

“The index of producer prices, which measures how much manufacturers and wholesalers pay for goods and materials, rose a seasonally adjusted 0.2% in July, the Labor Department said Wednesday. That followed a 0.4% dip in June.

“Wednesday’s report showed that last month’s rise in producer prices was driven by higher costs for food, tobacco products, trucks and pharmaceuticals.

“Year over year, the core index in July was up 2.5%, the highest since June 2009.” (Luca di Leo & Jeffrey Sparshott, “Wholesale Prices Increase,” The Wall Street Journal, 8/17/2011)

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