Common Folk Using Common Sense

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Welcome The ‘double-dip’ Recession

January 16th, 2010 · No Comments

From The Hill:

U.S. Chamber of Commerce President Tom Donohue warned the U.S. faces a double-dip recession because of the taxes and regulations under consideration by the Democratic Congress and President Barack Obama.

“Congress, the administration and states must recognize that our weak economy simply could not sustain all the new taxes, regulations and mandates now under consideration. It’s a sure-fire recipe for a double-dip recession, or worse,” Donohue said in a speech providing the Chamber’s outlook for 2010.

“We are talking about a massive tax increase in a very weak economy — a tax increase whose clearly intended purpose is not to reduce the deficit, but to pay for more spending,” he said.

He also promised the Chamber would be more involved in the 2010 midterm election than it has been in any other before, and will hold accountable lawmakers who vote against the group’s priorities.

Good work, Mr. Donohue, but it would be far more effective if the VOTERS hold accountable lawmakers who vote against the voter’s priorities instead of spending all their time worrying about who just got voted out on American Idol.

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Tags: Employment · Government · Money · Taxes · The US