Outgoing Senate Leader: Harry Reid (D-NV) and Incoming: Mitch McConnell (R-KY)
Senator Harry Reid is 100% correct about his comments relating to Senator Mitch McConnell's assertion that the GOP deserve credit for the economy. Some would call McConnell's assertion the joke of the century — they would be correct. It is one for the history books.
Reid basically laughed off McConnell's proclamation that the recent credit for economic growth belongs to the GOP more than to Mr. Obama.
Reid is absolutely correct as he argues that Democratic policies helped the recovery despite overwhelming Republican obstruction since the beginning of the Obama presidency, Reid further said: “If Republicans had cooperated with us even a little bit, the economy would have been even stronger than it is now. Think where the economy would be, if we didn't have programs like Cash for Clunkers and the bailout of
Detroit (referring to
parts to the stimulus legislation passed early in the recession, that the
entire GOP was against).”
Reid cited Wall Street reform legislation (e.g., the Dodd-Frank law), the ACA (Obama-care), FDA regulation of tobacco, and the Lilly Ledbetter Fair Pay Act, just to name a few Democratic successes in the past six years that have contributed to a growing economic recovery we see today.
For example, the latest employment reports show 252,000 jobs gained in the month of December.
Reid also argued that Republicans had actually hurt the economy by blocking student loan reform and hikes in the minimum wage as two other examples.
There are plenty more listed here from Crooks and Liars. Some you may have forgotten with this lead in: “Republicans have obstructed every effort to help the economy. In the Senate they filibustered hundreds of bills. In the House they refused to allow votes on efforts to help the economy. And then there's the sabotage.”
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