Sunday, April 4, 2010

This is "Failure"?

TWI's Mike Lillis on the failed positioning of GOP and the Stimulus numbers:

House Minority Whip Eric Cantor (R-Va.), for example, issued a statement arguing that no long-term recovery can happen until "Washington stops actively impeding economic growth." And Rep. Tom Price (R-Ga.), who heads the Republican Study Committee, said "we have still yet to see the robust private sector job creation the Obama administration promised would come from its $862 billion failed stimulus."

It's a curious tactic, considering that (1) the economy created 162,000 jobs last month — 114,000 when census hiring is excluded; (2) that the "failed stimulus" included more than $300 billion in tax cuts for businesses and individuals, which is the same strategy that GOP leaders have argued would most effectively grow the economy; and (3) that 162,000 is quite an improvement above the 700,000+ jobs that were being shed each month when Obama moved into the White House.

Case in point: this graph from House Speaker Nancy Pelosi (D-Calif.).

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