How will Dems respond to lousy economic data?

[Enrique]

Recent employment report from ADP for May looks disastrous.

The RW media is already spinning it: "proof that stimulus doesn't work". I won't post any, per DU rules, but trust me, you will be hearing this, the pattern is already clear just hours after the report.

Is there ANY chance that the dems will respond with the 100% necessary response: to call for MORE stimulus?

[provis99]

1. they will throw more money at the banks, and cut the minimum wage.

[RBInMaine]

18. fringe folly reply

[Skink]

2. I can't wait to see these numbers once they are revised down.

Wall street knows how bad it is and the numbers are never accurate.

[MannyGoldstein]

3. With Very Serious spending cuts

And more banker bailouts.

[Enrique]

4. stay the course!

reports be damned! :patriot:

[Pirate Smile]

5. Any chance any stimulus would pass the Republican controlled House or even the Senate which needs 60

to do anything?

We couldn't get any additional stimulus passed through the Senate even before it became even more right-leaning while we still controlled the House.

I'd say the most realistic idea would be pushing the infrastructure bank idea but I doubt it will go anywhere.


People who prefer to panic will do so. Everyone else should just take a deep breath.

[tledford]

6. No. eom

[Tippy]

7. "proof that stimulus doesn't work".

Kicking people off Unemployment rolls and lowereing the miniumn wage has nothing at all to do with our economy slipping.....And just where are all these jobs republicans promised????

[MichiganVote]

8. More tax breaks for the wealthy. Wait. We should pay more taxes. Wait.

We should just fork over our entire pay to the rich. Ahhhh, I feel so much better.

[Imajika]

9. At least we have the GOP House as a foil now...

Honestly, it's not like the Democratic controlled House was going to pony up another stimulus anyway, but now that the Republicans control the House they can be blamed.

We can boil it down pretty easily really. Democrats want to send more money to the states to help keep teachers in their jobs, more money to build infrastructure, etc, etc, and Republicans want to gut Medicare. Considering how wildly unpopular the Republicans Medicare cuts are, I think we could propose almost anything and come out ahead.

So the good news is, these bad economic indicators won't all fall on President Obama and the Democrats.

The bad news is, well, the economic news sucks and could potentially get worse. I am an optimist and have always thought we'd eventually see strong growth coming out of this deep recession, but things are more murky now. What worries me is that some of the people I know (and yes this is just anecdotal) who follow these things closely, have skin in the game (they work at trading firms), and are reasonable people who almost always see an opportunity to make money and rarely are the doom and gloom types - well they see doom and gloom now.

So politically in the short term we can weather this just fine, it's the long term that concerns me. If things stall and get worse, or God forbid we fall off an economic cliff, well that would completely remake the political situation to such a degree that even a complete loon like Palin could be competitive.

[Sheepshank]

10. "How will Dems respond to lousy economic data?", you say?

Why, we will clutch our collective pearls and wonder how certain posters at Du are going to turn this into another *yawn* bash Obama thread....we do realize the re-election campaign is ramping up and there is much work to be done :sarcasm:

[xchrom]

15. +1

[msongs]

11. acting like you give a damn would be a start and putting out solutions even tho repubs would kill

them would be a great thing to do. In a unified way from the top down. Like, coordinated and don't cave in to repubs again

[Ikonoklast]

12. Blame the Republican Teabagger House.

Bash Boehner over the head with the numbers, they're his now.

[vi5]

13. I predicted that spin from the get go...

Only someone who was literally headless could have not predicted it.

Because the Dems/White House caved on tax cuts, that definitely negated the positive effects of stimulus spending. So now the repubs/media will say the tax cuts were too small and the stimulus too big and wasteful.

There is no chance at all that the Dems will respond with even an inkling of what is needed to turn around the economy.

[Moondog]

14. No, not a chance.

[brentspeak]

16. Obama will respond by calling for the stalled "free trade" treaties to be passed

Stupidly assisting the GOP in destroying what's left of the American middle class. But he'll be the "good cop" by making sure that worker retraining programs be continued to train job-displaced Americans for jobs that won't be available anyway.

[RBInMaine]

17. Gee, hm, oil prices spiked, Japan's hammered, massive US storms, ...ya think? Still there was a net

gain. You can't overreact to one month. As oil prices come down and we head into summer, things will improve.
Sheesh.

[BlueIris]

19. Duck and dodge, blame the victim and pile on the guilt and hostage tactics.

"But, but--the Supreme Court!!" "But, but--you neeeed us!!"