Can the Progressives in this Congress and White House really be this…lacking in understanding?
The White House had suggested GOP willingness to let sweeping defense cuts take effect was the culprit [for the fourth quarter economic contraction just reported].
However, House Speaker John Boehner (R, OH) spokesman Brendan Buck had this:
These arbitrary, automatic cuts were a creation and demand of the White House in 2011. Twice the House has passed legislation to replace them with common sense cuts and reforms. If there was any uncertainty late last year about the sequester, it was because the Democratic-controlled Senate, per usual, never lifted a finger to pass a plan to replace it.
House Minority Leader Nancy Pelosi (D, CA) chimed in:
…today’s disappointing GDP report [of fourth quarter 2012 contraction] is a direct result of the economic uncertainty created by House Republicans’ strategy of obstruction and manufactured crises.
An exploding deficit, a destructive debt, stagnant and too-high unemployment, and a failed recovery from the Panic of 2008 aren’t crises at all—these are normal. Congressman Sam Graves (R, MO), Chairman of the House Small Business Committee, noted
Is this stunt in economic growth really a surprise? Anti-growth policies and an anti-business White House produce just that—a lack of growth[.]
Congressman Kevin Brady (R, TX), incoming Chairman of the Joint Economic Committee added
The bottom line is that America’s economy continues to struggle primarily due to President Obama’s penchant for political brinkmanship and the pervasive uncertainty caused by his focus on higher taxes, regulation and ObamaCare.
Unfortunately, yes. And that’s to the severe detriment of our country.