More Fed Stimulus Is An Admission of Obama’s Failure to Boost Economy, says Brady
Rep. Kevin Brady (R-TX), Vice Chairman and top Republican on the Joint Economic Committee, strongly disagreed with the Federal Open Market Committee’s decision today to embark upon a new round of quantitative easing by committing to an open ended program to purchase $40 billion of agency mortgage-ba...
QE3: Unwise and Unnecessary
The effectiveness of the Fed’s unprecedented monetary morphine is rapidly waning. This makes the Fed’s anticipated initiation of a third round of quantitative easing (QE3) on Thursday all the more baffling. At a time of historically low interest rates, trillions of dollars of excess bank reserves pa...
Still Stuck in Dead Last
Rep. Kevin Brady (R-TX), Vice Chairman of the Joint Economic Committee, today called the Bureau of Labor Statistics’ report that the economy added only 103,000 new private sector jobs in August and left the unemployment rate mired at 8.1% “more dismal news for America’s job seekers.” “Today’s re...
NATIONAL DEBT ALERT!!!
On Friday, August 31st the national debt passed the $16 trillion mark,” Brady noted. “During less than four years under President Obama’s leadership, the national debt has increased an astonishing $5.4 trillion. And yet the President persists in pushing his agenda of more spending and higher taxe...
Employment Report: Obama Recovery Still in Last Place
“Today’s employment report, despite a better than expected gain of 172,000 private payroll jobs, yet again, confirms the failure of President Obama’s economic policies.” Brady added, “Using the White House’s own metrics of talking about private payroll job gains from the cycle low, President Obama’...
Brady: FOMC Got It Right For Now
In response to today’s announcement by the Federal Open Market Committee (FOMC), Rep. Kevin Brady (R-TX), Vice Chairman of the Joint Economic Committee and senior member of the House Ways and Means Committee, released the following statement:
Brady Declares Looming Tax Cliff and Red Tape Explosion Stall Growth
Brady Declares Looming Tax Cliff and Red Tape Explosion Stall Growth; Obama Recovery Weaker than Previously Reported
Brady Declares Looming Tax Cliff and Red Tape Explosion Stall Growth
Since the recession ended three years ago, the economy has only grown by a total of 6.7%, less than half the average 15.2% of the other nine post-World War II recoveries and significantly less than the 18.5% the economy grew during the comparable period of the Reagan recovery.
