Economy puts Washington to the test
June 1st, 2012
01:07 PM ET
10 years ago

Economy puts Washington to the test

New York (CNNMoney) - If you are a struggling business owner, a freshly unemployed worker or just a concerned citizen, don't look to policymakers in Congress for help on the economy.

It won't be coming.


Filed under: Congress • Economy
soundoff (13 Responses)
  1. Woman In California

    Republicans have turned their backs on the American people all in the name of "geting Obama" (pure evil if you ask me) and I will gladly turn my back on them in November.

    Obama 2012

    June 1, 2012 01:12 pm at 1:12 pm |
  2. Rudy NYC

    Don't look to Washington is right. Look at yourselves and ask yourself, why do I keep sending these same people to the Congress who do not want to compromise to enact the tough solutions. We need to elect people with some guts. Send home the stubborn, the theological, the ideological, the untrustworthy, and most especially the liars.

    June 1, 2012 01:14 pm at 1:14 pm |
  3. RocketV

    This is what happens when one political party (Republican) refuses to work across the aisle and put the people first. Instead of passing jobs bills that the president has proposed to put Americans back to work, we get votes on abortion bills, birther debates and all sorts of crap to reve up the wing nuts. It's not the tax rate since the jobs aren't coming regardless. It's the fact that government spending needs to occur at the federal and state level and the deficit will get paid down when good times return and the tax base improves through jobs.

    June 1, 2012 01:15 pm at 1:15 pm |
  4. Sniffit

    "don't look to policymakers in Congress for help on the economy.

    It won't be coming."

    I told you this in January 2009. Yo can check my Ticker posting history if there even is one. The GOP/Teatrolls promised that the only thing that mattered to them was making Obama a one term POTUS, and the obvious and best way to do that was to either worsen the economy or at least stall recovery so they could blame him for it in 2012. It wasn't hard to predict. We've seen nothing about jobs or the economy come out of the GOP/Teatroll camp. NOTHING. It's all symbolic domestic social darwinism and radicalized right wing pandering and THAT'S IT. Abortion, Planned Parenthood, contraception, hearings demagoguing all Muslims, nonsense about gun rights despite Obama having expanded them, fear mongering imaginary voter fraud, etc. etc. Weapon of Mass Deception after Weapon of Mass Deception. They will do everything they can to not let anything get better unless they have full control over the government, and they have. It's no mystery. History books will reflect it objectively rightback at them and they'll cry about liberal academics all the harder.

    June 1, 2012 01:16 pm at 1:16 pm |
  5. Anonymous

    Hmmm, who ya gonna believe? The Wharton School of Business professor who said this is the time for stimulus or the GOBP cult, with its track record of proven economic failures, demanding European style austerity even after Europe has proven austerity not only doesn't work, it makes things worse.

    June 1, 2012 01:31 pm at 1:31 pm |
  6. cali girl

    Darned right. The party of No at its best. Just say NO to the American people, Just say No because the President wants to pass job bills, and bills to make construction, road workers, and highways a job maker. Potholes everywhere, no new buildings or houses, no highway improvements. Thanks again party of No. When it comes around to your re-election, I hope you are prepared.

    June 1, 2012 01:36 pm at 1:36 pm |
  7. Myviewis

    So Jared Bernstein has never owned a business, worked in the real world. He has no economics training and has degrees in social work, philosophy and Justin Wolfers only works as a professor of economics so he has no business experience, no real world experience. These guys are all theory. Obama and these guys have no clue how a business works and don't realize that it is not worth hiring a new employee just to get the Hire Tax Credit because the credit is insignificant when you look at all the expenses that come with hiring an employee. This theories are all an illusion that non-business owners, Democrats come up with just to make themselves sound like they are busy and distract people from real day-to-day economical situation.

    June 1, 2012 01:42 pm at 1:42 pm |
  8. Wake up people

    Of course not. Congress doesn't plan on doing anything until they"Take back America." It's a shame we have had one black POTUS in all of these years and he gets treated like something off the bottom of your shoes. I am ashamed to call this country my home.

    June 1, 2012 01:57 pm at 1:57 pm |
  9. Matt

    "If you are a struggling business owner, a freshly unemployed worker or just a concerned citizen".........You best vote Obama out of office in the upcoming election or things will only get worse for all of us.

    June 1, 2012 02:05 pm at 2:05 pm |
  10. Claudia, Houston, Tx

    If Romney and the Republicans win, WELCOME TO THE PARTY OF APARTHIED, and if you don't know what that is, look it up before you cast your vote. They will pass the Ryan budget and sell Americans on Wall Street like cattle, they will make the Bush era tax cuts permanent and there won't be any job creation.

    June 1, 2012 02:44 pm at 2:44 pm |
  11. jameskane kick the republicn do nothing bums out

    republicans have been trying to sabatage the economy for obams whole term and will pay for it with dem landslide for dems in nov, thanks teaparty morons.

    June 1, 2012 02:49 pm at 2:49 pm |
  12. Myviewis

    I don't believe Obama has been treated like the bottom of a shoe and I do believe we will have more Black presidents in the future, the problem is that Obama had no experience and it has caused him problems in handling the matters of the country. If at least Obama would have studied business management, accounting in school it would be different, worked in companies. But he stuck to teaching law and community work which did not give him the preparation needed to be a president. I don't see why a Black man or woman could not be president, they just need experience.

    June 1, 2012 02:49 pm at 2:49 pm |
  13. Hammerer

    Sniffit-– are you worried yet?

    June 1, 2012 02:52 pm at 2:52 pm |