Tuesday, August 24, 2010

Boehner to Obama: Fire All Economic Advisers

"Clearly, President Obama’s economic advisers’ policies have failed to produce any signs of economic recovery. A new report shows that 48 out of 50 states have lost jobs since the “stimulus” was enacted in February 2009. According to the report, government employment in Washington DC has increased while private sector jobs have stagnated across the country. Despite the loss of 2.5 million private sector jobs since 2009, the Obama administration continues to tout the 'success' of the 'stimulus' on their propaganda filled summer tour.

In his speech today, House Minority Leader John Boehner (R-OH) called on Obama to fire all of his economic advisers starting with Treasury Secretary Tim Geithner and White House adviser Larry Summers. Recently, Tim Geithner wrote a New York Times column titled 'Welcome to the Recovery.' In his column, he claims that:

the actions we took at its height to stimulate the economy helped arrest the freefall, preventing an even deeper collapse and putting the economy on the road to recovery.

Of course, this is far from the truth. No government in history has ever spent a country into prosperity. On the contrary, government 'stimulus' programs have made the economy worse by preventing the growth of the productive private sector. Due to the unpopularity of the 'stimulus', Obama’s economic advisers have purposely removed the word stimulus from their vocabulary. The 'stimulus' has been such a disappointment that Obama’s economic advisers now refer to it as the 'recovery act.' Whether it’s called the 'stimulus” or the “recovery act', the plan has still likely prevented the creation of 10 million jobs in the private sector. "

Boehner to Obama: Fire All Economic Advisers

We need to fire the guy at the top, and fire the number two guy, too......... after the new Republican Congress takes office next January.

1 comment:

  1. "Ask five economists a question and, it is said, you will receive six different answers. Unsurprisingly, Harry Truman, like every president, often had difficulty extracting useful information from his economic advisors. "All my economists say, 'on the one hand... and on the other hand...'" Truman once cried. "Someone give me a one-handed economist!"