American Elephants

House Speaker John Boehner’s Friday Press Conference. by The Elephant's Child

House Speaker John Boehner (R-OH) held a news conference at the Capitol today to talk about how the White House’s insistence on raising taxes led to a breakdown in discussions over increasing the debt limit. In a letter to colleagues, Boehner announced he would instead work with congressional leaders of both parties to pursue legislation that avoids default, reflect the will of the American people, and is consistent with the principles of the Cut, Cap, & Balance Act that passed the House with bipartisan support.

Speaker Boehner has written a letter to his Republican colleagues, explaining that the President is simply not serious, and dealing with him is useless. Obama was back again yesterday claiming that 80 percent of Americans want a balanced approach with more taxes and, well, no restraint on his investment. Obama makes up facts on the fly.

Another Democrat talking point is that the House Republicans’ proposal would reduce real GDP growth by 0.5% and 2012 growth by 2%, and cost the economy 700,000 jobs.  Economist John Taylor, looking at actual data rather than Keynesian computer models, said “Some argue that the economy would have been worse off without these stimulus packages, but the results do not support that view.

Kill jobs?  The GOP plan would potentially be a powerful job creator.


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