Friday, December 3, 2010

Newsmax... Congress Dithers, Anger Mounts

Copyrighted Newsmax article…
Congress Dithers, Anger Mounts as Jobless Number Hits 9.8 percent

 “Wall Street analysts who had expected an increase of 150,000 in November were disappointed to learn a mere fraction of that number of jobs — 39,000 — actually had been created.”

Senate Majority Leader Harry Reid plans a doomed Saturday vote that would keep rates the same for the middle class but increase taxes for upper incomes. It will be stopped by all 42 Senate Republicans. House Speaker Nancy Pelosi pushed through a similar bill that was opposed by all Republicans and many Democrats.

“I think it’s already causing a crisis in confidence, and that’s the case with this unemployment rate.” Diana Furchtgott-Roth, Hudson Institute.

“If you were an employer,” she explains, “and you didn’t know if your tax rate was going to be 35 or 40 percent, you didn’t know what your capital gains rate on dividends was going to be next month -- it just grinds everything to a halt.”

“There is not a single school of economic thought that would allow such a large tax increase during such a weak economy, and yet that is what Congress is doing.” Brian Riedl, Heritage Foundation.

“Despite the clear message sent in last month’s elections, Democrats continue to ignore the American people by remaining focused on enacting a host of liberal priorities that will do nothing to create jobs.” RNC Chairman Michael Steele.

“Political gimmicks — like yesterday’s vote in the lame-duck House — are emblematic of a dysfunctional Washington and a sad example of what millions of Americans profoundly rejected on Election Day.” House Minority Whip Eric Cantor, R-Va.

There’s a lot more and the story didn’t even mention House Speaker-elect John Boehner’s “chicken poop” comment.

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