Latest In

Breaking News

Is This What Failure Looks Like?

Republicans today have been quick to use the Dept. of Labor’s new employment numbers as evidence that the Democrats’ efforts to stimulate the economy over the

Jul 31, 2020
95.7K Shares
2.5M Views
Republicans today have been quick to use the Dept. of Labor’s new employment numbersas evidence that the Democrats’ efforts to stimulate the economy over the last year have failed.
House Minority Whip Eric Cantor (R-Va.), for example, issued a statement arguing that no long-term recovery can happen until “Washington stops actively impeding economic growth.” And Rep. Tom Price (R-Ga.), who heads the Republican Study Committee, said “we have still yet to see the robust private sector job creation the Obama administration promised would come from its $862 billion failed stimulus.”
It’s a curious tactic, considering that (1) the economy created 162,000 jobs last month — 114,000 when census hiring is excluded; (2) that the “failed stimulus” included more than $300 billion in tax cutsfor businesses and individuals, which is the same strategy that GOP leaders have argued would most effectively grow the economy; and (3) that 162,000 is quite an improvement above the 700,000+ jobs that were being shed each month when Obama moved into the White House.
Case in point: this graphfrom House Speaker Nancy Pelosi (D-Calif.).
Dexter Cooke

Dexter Cooke

Reviewer
Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide. He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina. Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations. As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all. Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
Latest Articles
Popular Articles