Another reason why Paul Ryan is not your basic John Boehner.
Washington Times:
House Speaker Paul D. Ryan has invited a group of nuns
fighting Obamacare’s “contraception mandate” to be among his honored
guests Tuesday at President Obama’s final State of the Union address to
Congress.
Sisters Loraine Marie Maguire and Constance Veit will represent the
Little Sisters of the Poor, a nonprofit that provides care for the
elderly and has fought the administration’s birth control rules all the
way to the Supreme Court.
“Anyone claiming that America’s economy is in decline is peddling fiction” - President Obama.
ReplyDeleteThe problem for Republicans, of course, is that Obama’s rhetoric is true. GOP officials have spent seven years insisting that the White House’s agenda – the Affordable Care Act, higher taxes on the wealthy, Wall Street regulations, environmental safeguards, et al – would produce an economic disaster, but none of those predictions have come to fruition.
It leads to a rather obvious question: are Republicans prepared to give the president some credit for the improved economy and for rescuing the country from the Great Recession?
Instead of crediting Obama for any of the economic gains that have occurred in the last seven years, Ryan argued that the Federal Reserve’s policies pushed the recovery.
According to the transcript, a reporter asked Ryan if he believes the president “deserves any credit at all” for economic improvements. The Republican Speaker responded, “I think the Federal Reserve has done more. And by the way, I think the Federal Reserve has given us, in combination with Obama policies, more regulations, higher taxes, more uncertainty; has given us trickle-down economics.” Ryan really doesn’t know what he’s talking about.
If a GOP President Romney had cut the unemployment rate from 10% to 5%, Ryan would be organizing parades in his honor. Ryan’s explanation is gibberish. Consider the Speaker’s argument broken down into its component parts:
1. Paul Ryan opposes the Fed’s recent monetary policies.
2. Paul Ryan believes the Fed’s recent monetary policies are bad for the economy.
3. Asked about positive economic developments, Paul Ryan credits the policies he doesn’t support.
Did you get that? Ryan complained about the policy of “trickle-down economics." We’re talking about a lawmaker whose claim to fame is a budget plan that rewards the very wealthy with massive tax breaks – while slashing domestic spending – in the hopes that prosperity will eventually reach everyone once the rich has even more money in their pockets.
Paul Ryan complains about trickle-down economics; Paul Ryan is a champion of trickle-down economics.
Insane.
You have no idea what "trickle down" means. It certainly does not include making the cost of money "zero" for the good old boys on The Street.
DeleteYou think "recovery" is 93 millions with no job. You think "recovery" is 1.7% GDP. You brag about the Street, which has dropped 2800 points in the last seven days (the 2008 crash was 700 points). 46 million on food stamps versus 31 million when Obama took office and you call that "recovery." Poverty rates are up a total of 6% (representing several million families). You are a real laugher.
Look, I should not get insulting. I should leave that to you. The fact of the matter is this: the economy is better but not because of 80,000 pages of new regulations, the highest corporate taxes in the industrialized world, or the unknown impact of ObamaCare, especially in view of the fact that Obama continues to rewrite the law to this day.