With so much good economic news out today including a rebound in new home sales, existing home sales, durable goods orders increasing, as well as recent gains on Wall Street, as well as better than expected recent retail sales figures, evidence is pretty clear that the economic policies of the 65 day old Obama Administration and the Democrats are appearing to have not only prevented the U.S. from slipping into an economic crisis as bad as the 1930's Great Depression, but are slowly turning the corner on this deep recession. I guess you could say that this is a typical Democratic administration; economic recovery and prosperity. But this hasn't prevented Republican critics such as Eric Cantor from Virginia to continue to argue the case for the same failed Republican and Bush Administration economic policies that have gotten the U.S. into this economic mess to begin with.
On this morning's TODAY SHOW, like some bad penny. Eric Cantor shows up to argue the case over and over again for all the same old failed Republican economic policies once again including big tax cuts for the big corporations, never mind that the government needs funds to bail out the ailing segments of the economy with some of those tax revenues.
The fact of the matter is that the Obama Administration is proving great progress in just 65 days in office. In fact, incredible results for just so few days in office. But that's hardly enough to deter some GOP critics like Eric Cantor who will continue to argue in favor of the failed economic policies of the past Bush Administration until Hell freezes over. The fact of the matter is that the big tax cuts for big corporations, many of which were donors to the Bush campaign or other GOP candidates for office, hardly prevented this whole current economic crisis from developing.
As the only Jewish Republican member of congress, Eric Cantor represents a pretty lonely little caucus of just one within even his own party. And as a lonely little voice arguing in favor of the failed Bush economic policies, Cantor is also proving himself out of step as well as more and more good economic news breaks that the Obama Administration economic policies are starting to turn the corner.
Note: Wizbang Blue is now closed and our authors have moved on. Paul Hooson can now be found at Wizbang Pop!. Please come see him there!