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Media Giving President Obama Pass On Economy

Floor Speech

Date: June 11, 2009
Location: Washington, DC
Issues: Government Budget and Spending

MEDIA GIVING PRESIDENT OBAMA PASS ON ECONOMY

BREAK IN TRANSCRIPT

Mr. SMITH of Texas. Madam Speaker, the national media have given President Obama a free pass on the economy. Earlier this year, the Obama administration said Congress needed to pass the President's stimulus package to keep the unemployment rate below 8 percent. Since Congress has passed the President's nonstimulus stimulus, the economy has lost more than 1.5 million jobs, and unemployment has jumped to 9.4 percent.

Despite the massive layoffs, the President claimed this week that the stimulus has saved jobs. The national media have allowed the Obama administration to get away with spinning jobs lost as jobs saved, and the national media have continued to ignore the Congressional Budget Office's conclusion that the stimulus bill actually would reduce output--reduce output.

The media should scrutinize the President's words and actions, not give him a free pass.

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