June 8th, 2009
10:51 AM ET
14 years ago
McConnell: Economic recovery is unconnected to the stimulus
WASHINGTON (CNN) - Senate Minority Leader Mitch McConnell said Monday that President Obama's stimulus package would have little, if any, impact on the economy - and re-stated his opposition to including any public option in the upcoming health care overhaul.
“I’m very skeptical that the spending binge that we’re on is going to produce much good and, even if it does, anytime soon, " said McConnell. "And I think the economy is just as likely to begin to recover on its own, wholly aside from this, before much of this has an impact. So I’m very skeptical that this massive sort of spending binge that we’ve engaged in is going to have much of an impact.”
Listen: McConnell's warning note to the administration on government-run insurance options
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I FOR ONE HOPES HE"S WRONG, BUT THE" WRITINGS ON THE WALLS" SAYS HE COULD BE RIGHT!
phoenix86 June 8th, 2009 10:55 am ET
If the economy recovers, it will be IN SPITE OF, and not because of, Obama and the democrat's massive spending program.
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Backtracking away from your dire predictions previously that we could not recover under Obama?
I hope you enjoy the next 8 years under the current administration. All that stress can't be good for you.
OBAMA WILL FAIL............. OBAMA WILL FAIL............ OBAMA WILL FAIL
HOW ? HOW ?? HOW ??? THE HECK ON EARTH, is our Economy going to recover when:
1………. We are importing more and exporting less. We have a big trade imbalance.
2………. Our dependence on oil is overwhelming. We do not use oil, we waste oil.
3………. Our Manufacturing jobs are all gone.
4………. Our Iron and Steel industries are all gone.
5………. Our textile industry of North Carolina is all gone.
6………. Our Auto industry is all gone.
7………. We have everything made in China.
8………. We have outsourced to India because of cheap labor.
9………. We are still spending billions on 2 wars. Wars are draining our Economy.
10………. We import nurses from Philippines.
11………. Our Construction industry is full of illegal immigrants.
OBAMA CAN DO NOTHING.
OBAMA WILL FAIL.
OBAMA HAS TO FIX 1. THROUGH 11. ABOVE TO REVIVE ECONOMY.
Who Cares: Spending and investing are two different things. I should have guess that someone would not know this.
Try Econ 101 it will help you understand the concepts much better.
Good luck!
If its George Bush's fault for our recession, isn't it his fault for this recovery also? When does this president stand on his own merits. When will he take responsibility (like he did for Timmy Geitner) for anything? We need solutions Mr. President, not a blame game.
@Robert – The ridiculous decline in our economy that you are talking about did not occur under Obama's administration. Took years, deregulation, and two long wars – one you should be blaming Cheney/Bush personally for.
Get your blame right. Look at the alternatives to the state we were placed in by the Bush administration. Offer constructive suggestions, rather that yelling at the wrong switch. If you think Palin, Noot, Rush, Romney, Pawlenty, Buchanan, Jindal, Sanford, Graham, DeMint, Sessions, etc. has ANYTHING of substance to offer, you are worse off than you know.
funny, i always thought you had to spend money to make money! Also, mitch... i could have sworn you were praising stimulus programs when your buddy GWB was pushing them... bias much??
We were able to get over the great depression because of the war. Where did the money come from to put people back to work?
Republicans all at once now!
Fro years the Republicans have been pushing the old "you have to spend money to make money" argument and have proven their point by cutting taxes to the top 5% of Americans who could have more money int heir pockets with which to earn more money and those folks have seen their income increase at an unheard of rate while the middle and lower class saw their incomes flatten or decrease during the same period. I think that the government needs to respresent the other 95% of Americans for a while, so it would be nice if McConnell and the other Republicans would sit down and shut up for a while.
Ok CNN, please stop airing republican scare tactics. In the entire pod case, McConnell did not say one single thing of fact – only his opinions.
He states that for Congress to be bi-paritisan the democrats must give in UNCONDITIONALLY to his demands (removal of the government public option). That's not working together, that's saying NO without compromising.
He then says, with no facts, that this will kill all insurance and there will be no other options. But what facts does he have to back this up? None.
Sorry CNN, but you are starting to be like Fox News. When we are just going to stick with facts and not be a propoganda machine?
Can someone please tell me where all of the self-righteous "outrage" was when George W Bush was spending us into the disaster we are in now?
I am so sick of Republicans and their massive hypocrisy about spending.
You guys spent us into this mess, not shut up and let this president fix the disaster your guy left behind.
Are you kidding me, Mr. McHOOVERVILLE?! Perhaps the senator might need another history lesson on how FDR's spending actually steered our American economy out of the Great Depression.
Of course, these Republicans will claim this nonsense, giving the president "NO" credit, but many Americans are paying attention this time and will hold the GOP's obstruction of progress accountable in the next elections (again).
@JP – Educate yourself. Look at the dates. Look at economic graphs. Look at when individual stimulus programs take effect. Look at exactly what Bush/Cheney did.
If you don't know what you're talking about, at least realize that your general baseless, uneducated blame is making you and your party look exactly like your comment.