Quoting House Speaker John Boehner:
"Americans want their leaders to focus on jobs and the challenges facing our economy"
Mr. Speaker, that is exactly right. Americans want a growing economy that creates jobs…
|chart courtesy of Gallup.com - click to enlarge|
…and not, as the GOP proposes, a shrinking economy that would continue to shed jobs:
- "A confidential new report prepared by Goldman Sachs for its clients says spending cuts passed by the House of Representatives last week would be a drag on the economy, cutting economic growth by about two percent of GDP." (source)
- "(Zandi) predicted it would cut economic growth by 0.5 percentage points this year and an additional 0.2 percentage points next year, which he said would mean 700,000 fewer jobs in the U.S. by the end of 2012." (source)
"Bernanke doesn't agree with Mark Zandi or Goldman Sachs about the total impact of spending cuts. But he agrees that spending cuts will have a negative effect on economic growth in the short term."
"The odd thing here is that Bernanke is saying that a policy will kill some jobs, and it's not being covered, for the most part, like he's saying the policy will kill jobs." (source)
Please listen to the American people: the voters who elected you to office. Your "so be it" quote and your legislative efforts to date are doing nothing to improve the American economy or the job market.