It’s Your Economy, Stupid!
by Michael Angley
It’s all over. The Democrats finally have owned up to what everyone else in America has known for the past two and a half years. Dual-hatted Congresswoman and DNC Chair Debbie Wasserman Shultz claimed that her party “owns the economy.” She recently told POLITICO’s Mike Allen, “We own the economy. We own the beginning of the turnaround and we want to make sure that we continue that pace of recovery, not go back to the policies of the past under the Bush administration that put us in the ditch in the first place.”
Alright, that’s not exactly a total coming out of the denial closet, but it’s a start. Rep. Shultz is right about the first part of her statement. The Democrats, and in particular President Obama, own this economy. The “beginning of the turnaround” part is a bit disingenuous; however, unless the turnaround consists of dropping from 9.8% unemployment in November 2010 to 8.8% in March 2011. But not so fast. It’s back up to 9.1% today. Not much of a turnaround, unless Rep Shultz meant a turnaround of the turnaround.
How about that “continue the pace of recovery” comment? If you are one of the perpetually-unemployed (especially if you are one of the newly-unemployed during that turnaround from 8.8% to 9.1%) then you probably don’t exactly like the “pace of the recovery.” I suspect the 14 million unemployed Americans would tell Rep. Shultz to stop – don’t continue – the Democratic version of a recovery.






Subscribe via RSS
Got a Tip?