AP: If you elect Republicans, there goes our precious recovery, ‘or something’

HotAir.com | AP

Until now, the Associated Press has actually done a credible job on economic reporting — but then again, this is a political analysis, not economic reporting, and it shows.  Paul Wiseman asserts that electing Republicans in the House will extend the current economic stagnation, thanks to increased uncertainty about regulation and tax policy.  Somehow that will risk our current miserable “recovery,” which we have because of uncertainty introduced by Democrats.

Huh?

A standoff between the Obama administration and emboldened Republicans will probably block any new help for an economy squeezed by slow growth and high unemployment. Congress might also create paralyzing uncertainty for investors and businesses by fighting over taxes, deficits, health care and financial regulation.

“We expect massive gridlock and little cooperation,” writes Brian Gardner, Washington analyst for the financial firm Keefe, Bruyette & Woods.

If times were good, gridlock wouldn’t matter so much. A Republican Congress and Democratic White House butted heads in the mid- and late ’90s, after all, and their sparring did nothing to derail a strong economy.

But now, nearly a year and a half after the official end of the Great Recession, the economy still isn’t growing fast enough to bring down unemployment, which is stuck at 9.6 percent.

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November 2, 2010 | Categories: The Economy, Elections Politics, Government, War on Terror, UNIONS ACORN and SEIU, The Environment, Most Americans Reject Socialism, New Media News, Foreign Policy, Constitution, America's Freedoms, Politics, Corruption in Government, Media Corruption, Tea Party Conservatives, Financial Sector, Radical Liberal Progressive Left, Smaller Government, Cloward and Piven Strategy, Liberals Big Spending and Taxes, Middle East Affairs, VOTER FRAUD, Cap and Tax, Poll Numbers, Agency Regulation, Unfunded Union Pensions, Political Contests, National Debt, Progressives pushing for Marxism/Socialism, Recovery | Tags: unemployment, Democrats, WH, Republicans, Obamanomics, mid-term elections, precious recovery, House and Senate, JWF, failed stimulus, investors, Keefe, Bruyette & Woods, economy and jobs | 1 Comment »