House Majority Whip Rep. James Clyburn (D-S.C.) was quoted in The Hill earlier this week discussing the country’s economic outlook. Despite the President’s recent efforts to talk about savings, Rep. Clyburn took a different tack, saying that “wouldn’t help alleviate the recession.” He added:
“We’re not going to save our way out of this recession. We’ve got to spend our way out of this recession, and I think most economists know that.”
Beyond the fact that this budget provides little in the way of savings, Rep. Clyburn is right that we need to be doing more to get our economy back on track. However, that does not include spending more money that we don’t have. Especially in light of a harsh report from the TARP Inspector General this month, it is clear that this Administration’s flawed economic policies have failed to provide the sustained economic growth necessary for the markets to rebound. We need a return to common sense policies that will spur innovation and job growth by empowering the private sector, not Washington.
Come on Brandon, aren't you an economist? Your post is terribly misguided and incredibly political.
To say it is clear the policies have not sustained growth is outrageous.
Job losses are down 90% to the last month of previous administration – is that not growth?
GDP up nearly 6% – most in 6 years. Is that not growth?
The market is up 60%. Is that not considered growth?
Your post is an absolute joke – it is clearly politically biased and based on pure fiction.
Please show me any CBO or CRS report or any expert economist that thinks we should cut spending in a deep recession. Clyburn is absolutely correct that in the short run, you need to spend to get out of recession.
Your post is embarrasing.
How Dare You! You can't suggest less government as a solution to what ails us. How will politician's keep their power and be able to dole out favors to friends if they have less control over our lives?
That's why we need a complete recycling of everyone in Congress that is in favor of big government
how can we spend our way out? investers are not investing, and nobody has any money to spend. if Obama and his goons wanted to get this economy going again, they would get their foot off the neck of the american people and get the heck out of the way and let us do what we know needs to be done. jobs are created when small business is alowed to prosper, and grow. as small business grows, more jobs are aquired. i am sure Obama does not like small business, which would explain the state of the economy.
Dennis – how was the state of the economy in the December of 2008 before President Obama took over? How is it now compared to December 2008?
It was great before the 2006 elections. Then for some strange reason, it went down. Could it be because the democrats got controll of the house and senate?
I Imean the 2008 elections……my bad.
I mean the 2006 elections. ………It;s been one of those days .