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| Economy |
| U.S. House minority leader calls for resignation of Obama's economic team |
| 2010-08-25 |
| (Xinhua) -- U.S. House Minority Leader John Boehner on Tuesday called for the resignation of Obama's economic team, quoting reasons that they failed to fulfill their promises of creating jobs for Americans. "President B.O. should ask for -- and accept -- the resignations of the remaining members of his economic team, starting with (Treasury) Secretary Geithner and Larry Summers, the head of the National Economic Council," Boehner said in remarks at the City Club of Cleveland. "(The mass firing) is no substitute for a referendum on the president's job-killing agenda. That question will be put before the American people in due time. But we do not have the luxury of waiting months for the president to pick scapegoats for his failing 'stimulus' policies," he added. It is nothing new for the minority party to assault the administration's policies, particularly at a time when the midterm election is coming in less than three months. "The American people are asking, 'where are the jobs?' and all the president's economic team has to offer are promises of 'green shoots' that never seem to grow," said Boehner, who is making a push to become the next House Speaker. The jobless rate remained stubbornly high at 9.5 percent in July, and nonfarm payrolls have fallen for two straight months, according to the Labor Department. So far this year, private sector has added an average of 90,000 jobs per month, compared to nearly 8.5 millions jobs lost during the recession. Boehner blamed recent healthcare legislation and Obama's intention to raising taxes for the lackluster pace of economic recovery and job creation, saying they create uncertainties for businesses and households. "America's employers are afraid to invest in an economy stalled by stimulus spending and hamstrung by uncertainty," he said. "The prospect of higher taxes, stricter rules, and more regulations has employers sitting on their hands." |
| Posted by:Fred |
| #15 I believe the official term is “Crap in Crap Out”. No it's GIGO (Garbage in, Garbage out) |
| Posted by: Redneck Jim 2010-08-25 21:18 |
| #14 "The American people are asking, 'where are the jobs?'" President Pookie, "I'm havin' a great time on my vacation!" |
| Posted by: Sleque Barnsmell1141 2010-08-25 16:21 |
| #13 Steve, You may be right. I just get so damn tired of the left or rights bitching that is devoid of any real issue and solution. Rather than going after his staff, person by person, which sells like character assassin, go after the issues and policies with hard facts. I'm just terribly disappointed in both parties right now. Neither party has the maturity, discipline, and honor of my 14 year old son. |
| Posted by: 49 Pan 2010-08-25 12:03 |
| #12 Tapscot - Little-known fact: Obama's failed stimulus program cost more than the Iraq war |
| Posted by: KBK 2010-08-25 12:02 |
| #11 Casual analysis of the latest CBO report reinforces the notion that all the blather coming from the WH about the Stimulus is, at best, wild ass speculation. I believe the official term is “Crap in Crap Out”. It’s become apparent that the only defense they have for this boondoggle is that “It could have been worse without it.” Even the Keynesians are all but admitting that the Stimulus will have nothing but a narcotic effect and probably will end with no enduring economic growth. (Especially employment) Boehner’s call was clearly motivated by political goals - that’s what he does. But he broaches a sensible question that should resonate across the political spectrum. After this trillion-dollar experiment isn’t it time to replace the academics and bureaucrats that designed it with people that actually have practical experience in this area? |
| Posted by: DepotGuy 2010-08-25 10:59 |
| #10 Boehner's speech is here one news cycle, gone the next. WOULD have been if Preznit Thinskin's Admin didn't squeal like stuck pigs and respond. It will now last all week, especially with the drop in Dow today based on crap for Durable Goods purchase news this AM |
| Posted by: Frank G 2010-08-25 09:42 |
| #9 49Pan, I disagree. This is what opposition leaders do -- keep the heat on. Boehner's speech is here one news cycle, gone the next. Tomorrow someone else on the Pub side picks up the cudgel for a day, and so on. It's what you do to build an alternative narrative just before an election. |
| Posted by: Steve White 2010-08-25 09:36 |
| #8 Big Zero"s Chief Economic advisor resigned 2 weeks ago. |
| Posted by: wr 2010-08-25 09:24 |
| #7 This has to be one of the all time dumb moves from the right. However true it might be that Obama and his entire staff need to go, does anyone thing they would take a cue from the right? Boehner looked like a cry baby out there and did more to discredit his party than anything else. He needs to grow up and stop the petty crying on FOX and actually get to work reforming his own party!!! |
| Posted by: 49 Pan 2010-08-25 09:15 |
| #6 the press conferences would be worthwhile for laffs and gaffes |
| Posted by: Frank G 2010-08-25 08:18 |
| #5 Besoeker, President Joe Biden? Bite your tongue. |
| Posted by: Eric Jablow 2010-08-25 07:58 |
| #4 The Econ Team is not the problem, Obama is the problem. Call for HIS resignation. |
| Posted by: Besoeker 2010-08-25 05:45 |
| #3 ION GUAM PDN FORUM > WAYNE MADSEN > [PrisonPLanet/Infowars.com] BOMBSHELL: BARACK OBAMA OUTED AS A CIA CREATION. Bammer + Parents. |
| Posted by: JosephMendiola 2010-08-25 02:55 |
| #2 Oh what the heck - its only $800,000,000,000.00 of someone else's money. -- Typical Obama Supporter |
| Posted by: CrazyFool 2010-08-25 01:04 |
| #1 Lawrence B. Lindsey: Christina Romer (now ex-chairman of the presidentÂ’s Council of Economic Advisers, and Jared Bernstein (chief economic adviser to Biden) published a paper projecting what would happen if the stimulus was or wasn't passed. After correcting for the assumed-starting point of unemployment (moving it higher), the actual economic performance is almost exactly what would have happened if the $800 billion stimulus was never passed in the first place. |
| Posted by: Pappy 2010-08-25 00:50 |