Using a tactic they would never think of doing themselves during a recession, Republicans just by coincidence, believe this time austerity is the solution. Funny they would think that under a Democratic administration. From the
Economic Policy Institute:
It shows clearly that public spending following the Great
Recession is the slowest on record, and as of the second quarter of 2013 stood
roughly 15 percent below what it would have been had it simply matched
historical averages. This spending austerity has enormous economic
consequences—if public spending since 2009 had matched typical business
cycles, this spending would be roughly $550 billion higher today, and more than
5 million additional people would have jobs (and most of these would be in the
private sector). In fact, this extreme cutback in public spending can entirely
explain why the recovery from the Great Recession has been so sluggish compared
to recoveries following previous recessions.
And, needless to say, the latest fiscal showdown has done
nothing to reverse this deeply damaging trend.
Is it any surprise that finally, the public has noticed.
Fifty-four percent think it's bad that Republicans control the House, the poll found. That's up from 43 percent in December 2012, during the last fiscal standoff. The figure is the first time a majority thought Republican control was bad for the country since CNN started asking in December 2010.
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