GOP Senators Expect More "Hopeless" Policies From Jobs Speech
A group of Republican senators blasted President Obama’s economic policies Thursday previewing his highly anticipated jobs speech.
Sen. John Thune (R-S.D.) told reporters that he expects more of the same “hopeless” measures from Obama’s speech, but acknowledged that the GOP stands ready to work with him.
“I think tonight you’re going to see, probably, some of the same plays from the same old playbook,” Thune said. “There’s a gap between what [Obama] says and what he does. He says some of the right things but his policies tell an entirely different story.”
Thune was joined by Sen. Jeff Sessions (R-Ala.) who previously opposed Obama’s proposal to spend as much as $300 billion to boost job growth and spur the economy. Sessions argued that spending more would only increase the nation’s debt, something the Alabama Republican said is stalling economic growth.
“The debt is the jobs crisis,” Sessions said. “There’s no doubt about it that the debt of the United States is causing great concern through our entire economy.”
Sessions said he wants to hear the president lay out specifics regarding how Obama plans on paying for his proposals to extend payroll tax cuts and extending jobless benefits that will soon expire. These two measures combined amount to nearly $170 billion in spending.
“I’ll be looking tonight to see if this proposal is, indeed, paid for, or is it just another attempt to gain a sugar high by immediate spending that will increase our debt and will weaken our economy.”
Senators Urge House To Pass China Currency Bill
By Andrea Salazar
A day after the China currency bill passed the Senate, a bipartisan coalition of senators urged House Speaker John Boehner (R-Ohio) and the White House to join them against China’s currency manipulation.
“China has a callous disregard for the rule of law,” Sen. Lindsey Graham (R-S.C.) said. “They cheat at every turn. They steal intellectual property, they counterfeit goods affecting our defense industries and they manipulate their currency. We don’t have this kind of discussion with normal nations. We don’t have this kind of discussion with democracies. You’re having this kind of discussion with a communist dictatorship with a command and control economy that’s acting like the mob.”
Graham echoed those sentiments and dismissed worries about China’s reaction to the currency bill.
“I’m not worried about the Chinese response because at the end of the day they need us as much as we need them, if not more so,” Graham said. “I’m worried about the idea that American politicians are going to let threats coming from China stop what, I think, is a rational approach to dealing with this.”
Sen. Chuck Schumer (D-N.Y.) said he expects the bill to pass, despite opposition from leadership.
“We have tried to keep this as non-political, frankly, as possible,” Schumer said. “That’s because we believe in this. I just believe in my bones that this is one of the five ways… to keep America number one over the next several decades.”