Without GOP, Unemployment Would be Under 6%
The above title has been my political thesis for the last 3 1/2 years: our economic progress is being deliberately stalled by the GOP. The Republicans, via a coordinated two tier attack, want to sabotage the economy so that they can regain power.
Tier 1: The congressional GOP have effectively obstructed any legislation designed to bring tax relief, employment opportunities and mortgage assistance for middle and working class Americans. Each time our economy seems to gain a little muster, the GOP congressmen threaten to bring us back to the brink of collapse over debt ceiling demands.
Tier 2: As the American economy began to create new jobs — no small task when you consider that under Bush we were losing 800,000 jobs per month during the 2008 economic meltdown — many states controlled by Republican governors began laying off teachers, police, firemen and other government workers. In states like Wisconsin, New Jersey, Ohio, Michigan etc., GOP governors declared war on labor unions and collective bargaining.
In each of the above case: the GOP argued that American debt was the reason behind their actions. They exclaimed, now is the time to make significant cuts in our multi-trillion dollar deficit. They declared that government, like a household budget, can not continue to spend more than the revenue available
Sounds plausible. Sounds prudent. Sounds financial sound.
The problem is: our country was in the midst of a Great Depression like economic free far. No business, bank, financial institution or corporation was investing in economic growth or job creation. And if government did not intervene — Stimulus Bill — millions and millions more Americans would lose their jobs, homes, bank account and stock portfolio.
The following article was originally posted on AlterNet