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04.30.2010 0

Reid and Pelosi bear brunt of blame for economic woes

  • On: 05/03/2010 07:23:01
  • In: Economy
  • By Rebekah Rast

    It is a classic mistake to compare economic data solely within the context of Presidential terms. After all, in our current economic climate, the decline coincided directly with Nancy Pelosi and Harry Reid’s ascendancy to the leadership posts in both the House of Representatives and the U.S. Senate.

    In 2007, President George W. Bush was still our president, but Republicans no longer held the majority in Congress. In January of that year, Rep. Nancy Pelosi (D-CA) took on her new role as Speaker of the House and Sen. Harry Reid (D-NV) took his position as Senate Majority Leader.

    As stated in the U.S. Constitution, “All legislative powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.” Meaning, Congress determines what gets done in the country, so who is in charge of Congress matters.

    Therefore, when looking at the state of America and how it ended up where it is today, it is important to start at the beginning, in 2007, when the first changes to this current government took place. Changes like the first bailout, the minimum wage increase, changes in tax laws and new mandates on businesses all started in 2007.

    Americans for Limited Government (ALG) has put together a report showing a comparison of economic conditions since Harry Reid and Nancy Pelosi took over Congress. The report reflects comparisons of unemployment numbers and the federal budget since the Democratic Party won control. For example, The Department of Labor’s Bureau of Labor Statistics reports that the U.S. currently has a 9.7 percent unemployment rate. In 2007, the unemployment rate was 4.6 percent. Comparatively, the number of people unemployed today is 14.8 million; in 2007 it was 7 million.

    “It is devastating to look at these facts and figures and see the negative impact the Democrat tenure has had on our country,” said Bill Wilson, President of ALG. “It is important to look back at these numbers and make these comparisons so we know what changes need to be made in policy—before it is too late.”

    America’s youth has also been affected by the democratic tenure in Congress. As previously reported by ALG News, it is clear that as the minimum wage level climbs, it is now federally mandated to be $7.25 an hour, unemployment rates among teenagers have skyrocketed — especially in those states where minimum wage requirements are even higher. As the labor force becomes more expensive, those with less experience and knowledge pay the price.

    “The numbers do not lie,” Wilson said, concluding, “The American people need to know what has been happening the past four years. It is clear there needs to be a change in the leadership in America away from the command-and-control economy that disincentives business expansion and job creation to one that can lift government’s grip from the throat of working Americans.”

    The current path of the nation didn’t start when the Obama Administration took office; it started with the Democrat takeover of Congress.

    Rebekah Rast is a contributing editor to ALG News Bureau.

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