Obama, Dems using economic worries to push more spending, taxes

July 4, 2010 08:21

In classic propaganda mode, Obama, Pelosi and other Dems are suddenly aware of the fact that their policies of massive spending and redistribution programs have failed to stimulate the economy so they push more of the same.

By Silla Brush at The Hill

Democrats are starting to warn of major risks to the economy after months of downplaying the threat of a double-dip recession.

In letters, interviews, and public statements, President Barack Obama, House Speaker Nancy Pelosi (D-Calif.) and other senior Democrats are now raising red flags that the economy could falter without additional stimulus efforts.

Obama urged congressional leaders in mid-June to pass an extension of tax breaks and unemployment benefits, and up to $50 billion in aid for states and local governments. Without Congress acting, Obama said the economy could “slide backwards.”

Two weeks later, in an interview with the Huffington Post, Pelosi said that absent new federal help, “we could slip back and have another recession, and if we do it’s harder to come back.”

Earlier this year, senior administration officials suggested the economy did not risk falling back into recession.


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