Economy

Pelosi and the 'Soaring Costs' of Democrat Policy

Not a single Democrat voted for the Republican tax cuts, which they continue to deride.

Nate Jackson · Jun. 4, 2018

Not a single Democrat voted for the Republican tax cuts late last year, and thus Democrats are heavily invested in vindicating themselves by convincing voters that those tax cuts were bad. The cuts can’t be good, you see, because someone else got a bigger cut than you. Democrat economic policy is based on envy, and Nancy Pelosi is leading the charge.

No sooner had we reminded readers Friday that she once called the tax cuts “Armageddon” before dismissing them as “crumbs” than the minority leader was at it again. “May’s jobs report shows that strong employment numbers mean little to the families hit with soaring new costs under the Republicans’ watch,” she insisted. What a depressingly dour — not to mention false — view of a booming economy.

Headline unemployment dropped to 3.8%, the best since 2000. U-6 unemployment is at 7.6%, the lowest since 2001. Black unemployment hit a record low of 5.9%. Female unemployment is at 3.6%, the lowest since 1953. And Pelosi says the sky is falling.

Just for giggles, let’s take a trip down memory lane to look at “soaring new costs” implemented by a political party. Anyone remember ObamaCare? Yes we do, because we’re all still paying its soaring costs, month by month in higher premiums and then again when our renewals jump double-digit percentage points. No Republicans voted to saddle Americans with those soaring costs, which Democrats imposed during a recession/stagnant recovery. Yet Pelosi blames premium hikes on “Republicans’ cruel, cynical health care sabotage.” The hypocrisy is stunning.

Or what about the “stimulus”? That Democrat spending spree was supposed to keep unemployment below 8%. It topped out above 10%, and the nation was burdened with $1 trillion in extra debt that went straight to the pockets of Democrat cronies. Worse, the “stimulus” became a new spending floor, meaning the federal budget is permanently higher because of it. Each American bears the soaring costs of that Demo debt bomb.

“Democrats know that the American people deserve A Better Deal, with Better Jobs, Better Wages and a Better Future,” Pelosi’s statement declared. That “Better Deal” is nothing more than what Mark Alexander called “a cheap knock-off of Franklin Roosevelt’s 1933 ‘New Deal’ slogan and an updated do-over of FDR’s failed socialist policies while cloaking them in the language of Donald Trump’s middle class appeal.” The New Deal prolonged the Great Depression by several years. Democrats want to try it again, and, combined with identity politics and Trump Derangement Syndrome, that’s what they’re offering come November.

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