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A Double Whammy of Bad Employment News for Americans Living in the Obama Economy
Refusal of Some Democrats to #StopTheTaxHike is Causing Employers to Hold Off Hiring
Wednesday, June 20, 2012
“…the dip in quarterly sentiment reflects concern over increasingly persistent obstacles to a stronger recovery, including uncertainty over year-end U.S. Government tax and spending plans….”
On the heels of this ominous news, the Federal Open Market Committee released their revised economic projections, which are measurably worse than their same projections from April of this year. The latest projections show that the Board Members expect unemployment to be higher and GDP to be lower than they did just two months ago:
The growing mountain of economic evidence proves that the failure of the President and Democrats to work with Republicans to prevent the largest tax hike in history is causing serious harm to our economy and the job prospects of the almost 13 million unemployed Americans. It is time to #StopTheTaxHike, reform our tax code and get our economy back on track.