Brady says, “Fed Action is Wrong Prescription for What Ails Economy”
Rep. Kevin Brady (R-TX), Vice Chairman and top Republican on the Joint Economic Committee, today said the Federal Open Market Committee’s decision to expand its quantitative easing by purchasing $45 billion of long-term Treasury bonds, “a continuation of unnecessary and dangerous monetary policy to ...
Job Creation Still Too Slow
Rep. Kevin Brady (R-TX), Vice Chairman and incoming Chairman of the Joint Economic Committee, called today’s news that the U.S. economy added 146,000 nonfarm payroll jobs, including 147,000 private payroll jobs, during November “unimpressive.” He noted that after all the administration’s proclamati...
NEW ANALYSIS: CRS Report on Tax Rates Flawed
Time to Put America Back to Work
Rep. Kevin Brady (R-TX), Vice Chairman of the Joint Economic Committee, today made the following comments regarding the President’s statement on the fiscal cliff. “Stronger economic growth will do more to create jobs, increase family incomes, and slash the federal budget deficit than any tax incre...
UPDATED: Two Charts Depict Failure of Obama Recovery
Rep. Kevin Brady (R-TX), Vice Chairman of the Joint Economic Committee, today released the following charts capturing the weakness of the current economic recovery under President Barack Obama. The first compares the promises of the Obama stimulus - 5.4% - versus today's unemployment rate of 7.9%....
Obama Recovery Officially Dead Last in Job Creation
In a jobs report unaffected by Hurricane Sandy, the Bureau of Labor Statistics reported today that the U.S. economy added 171,000 nonfarm payroll jobs during October with a gain of 184,000 jobs in the private sector. The unemployment rate increased to 7.9%. U.S. Congressman Kevin Brady (R-TX), Vice...
U.S. Budget Deficit Would Be Halved But For Obama’s Anti-Growth Policies
Rep. Kevin Brady (R-TX), Vice Chairman of the Joint Economic Committee, released the attached Republican Staff Commentary analyzing today’s Bureau of Economic Analysis’s advance estimate for Gross Domestic Product (GDP) in the third quarter of 2012. “This commentary,” Brady said, "makes clear that s...
Lack of Economic Growth Slows Job Creation and Swells National Debt
Rep. Kevin Brady (R-TX), Vice Chairman of the Joint Economic Committee, responding to today’s announcement that real gross domestic product grew at an annualized rate of 2.0% during the 3rd-quarter of 2012, cited President Obama’s devotion to big government as the “primary reason” for the delay in A...
Brady Warns of Continued Uncertainty with QE “Infinity”
Rep. Kevin Brady (R-TX), Vice Chairman of and top Republican on the Joint Economic Committee, today said the Federal Open Market Committee’s decision to continue its quantitative easing policy until mid-2015, “heightens the uncertainty threatening our recovery.” Brady continued, “Policy uncertainty...
