Rep. Kevin Brady (TX), the ranking member on the Joint Economic Committee, published a piece today at Politico. As the Democrats' economy continues to produce less than optimal results, Republicans offer solutions that will working moving forward. Read the following excerpt:
On Nov. 2, the American people will have the opportunity to direct a midcourse correction — much like college professors do with their students at midterm.
Voters should grade the economic policies of Obama and the congressional Democrats on two criteria: (1) has the “stimulus” spurred private investment and job creation, or has it weakened the recovery by adding costs and uncertainty; and (2) have our long-term economic prospects improved, or will the explosion of debt, regulation and Big Government be like an anchor, dragging down future prosperity?
As for the economic recovery, Romer and Jared Bernstein, Vice President Joe Biden’s chief economist, had provided us with clear standards to measure progress.
In January 2009, they predicted that the stimulus would keep the national unemployment rate below 8 percent, that nonfarm payroll employment would increase to 137.6 million by the fourth quarter of 2010 and that 90 percent of the jobs created would be in the private sector.