Senate Republicans are catching heat for dismissing the economic hardship being faced by many Americans, according to a Washington Post column.
“I don’t see any signs of a recession,” Senator John Neely Kennedy (R-LA) said.
“I’m not concerned at this point about a recession. But obviously, we need the administration to be able to move as fast as they can to get as many trade deals done as they can,” said Sen. James Lankford (R-OK).
Similarly, Leader John Thune (R-SD) believes, “All these short-term economic indicators are — they are short-term, they measure it sort of day by day, month by month, quarter by quarter.”
These are sentiments columnist Paul Kane claimed, “that Democrats used four years ago, when the U.S. economy overheated coming out of the pandemic and spiked inflation to 40-year highs.”
“This represents transitory factors,” Treasury Secretary Janet Yellen said in 2021.
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Kane noted today, “Republicans are staring at similar headwinds,” but the causes are man-made.
Senator Elizabeth Warren (D-MA) said in an interview, “The Republicans may want to hide their heads under a blanket. But the reality is that Donald Trump’s policies are a disaster for our country.”
Adding, “This could be fixed. This is, you know, this is not a kink in supply chains and a pandemic. This is one man who has caused a financial crisis all by himself.”
“Warren said the GOP agenda mostly skews tax cuts to benefit the most wealthy and businesses, not the middle class, and its main function is extending existing tax rates,” Kane said. “Those are combined with proposals for cuts to services benefiting lower-income Americans, which would reduce their buying power and possibly hurt the broader economy.”
Warren believes, “This is a moment when American families could use a lifeline, but the Republican budget tosses them an anchor.”