New unemployment claims are the lowest they’ve been since April 2008, prior to the economic collapse. Meanwhile, the domestic auto industry is selling a lot of cars. Mortgage rates are the lowest they’ve been since 2003, and interest rates are at a 40-year low. All of this is bad news for Republicans, which probably explains why the House of Representatives wants to screw the middle class out of a $150 billion stimulus by opposing the extension of the payroll tax holiday and unemployment insurance.
Our economy could catch a cold from Europe’s sovereign debt crisis, although that is starting to look less likely. The other major threat is that Congress will starve the economy of money, as the Tea Party demands.
Ed Schultz had it right last night when he said that they could care less about the effects of not passing the Payroll Tax Credit extension.
Actually, MSNBC had a good series of reports.
Ed Schultz did that piece.
Maddow did a piece on a Government program named TIGER, and what it’s doing and how if it lived up to its potential, how the infrastructure could help the country.
And Melissa Harris-Perry substituting took Jackson, Mississippi as an example of how the $40/week and taking it away – what it would mean to that economy. Maybe they coordinated, maybe they didn’t, but the evidence is quite glaring:
THE GOP IS SABOTAGING THE ECONOMY – PERIOD.
they don’t give a shyt about anything other than defeating the President. and, if this country has to be in the shitter, oh well.
this is why, when people try and sell me the bullshyt about that the GOP wouldn’t have cut of Unemployment last year, I want to take my shoe off and beat them with it…these mofos don’t give a shyt if you are starving…. they are sociopaths with no conscience.
Well, at least they are incompetent sociopaths.
And this time, as opposed to this past spring, there won’t be an oil-price spike to derail things.
I think the politics have changed since 2010. The public has had plenty of time to catch onto the Republicans’ efforts to sabotage the recovery, so further efforts are likely to harm them as much as or more than they’d harm Obama.