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House Approps Chairman Asks, ‘Why On Earth Wouldn’t Americans Be So Angry?’

Rep. David Obey has made no secret of his skepticism of President Obama’s direction in Afghanistan. But when it comes to Obama’s economic policies, the chairman of the House Appropriations Committee on Tuesday leaped to the president’s defense.
In fact, the veteran Wisconsin Democrat opened a hearing on the federal budget and broader economic outlook for [...]

Trying To Have It Both Ways? Republican Senator Cornyn Complains About Deficit Spending But Wants More Corporate Tax Subsidies

Republican Sen. John Cornyn simultaneously is excoriating Democrats over the rising federal budget deficit, but also is attacking the Obama administration for a proposal to cut tax subsidies to big oil and natural gas companies.
Cornyn, a Texas lawmaker and a member of the Senate Finance and Budget committees, criticizes Democrats for approving a number of [...]

Duh

Joe Biden on “This Week” today: “The truth is, we and everyone else misread the economy.”
Biden acknowledged administration officials were too optimistic earlier this year when they predicted the unemployment rate would peak at 8 percent as part of their effort to sell the stimulus package. The national unemployment rate has ballooned to 9.5 percent [...]