GOP Leaders Say Republican Return to Power Deserves as Much Credit as Stimulus for Lower Unemployment Rate

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CNSnews:

(CNSNews.com) -- Two members of the House Republican leadership said that when examining the reasons for the recent drop in the U.S. unemployment rate, the Republican takeover of the House of Representatives and proposed spending cuts deserve as much, if not more, credit for the drop than President Barack Obama’s 2009 economic stimulus package.

In a Capitol Hill briefing on Tuesday, Republican Majority Leader Eric Cantor (R-Va.) was asked if the recent drop in the unemployment rate from 9.0 percent in February to 8.8 percent in March was evidence that the president’s stimulus plan had worked.

“If you’re going to credit the stimulus policies that have brought that on, you could also just as easily credit Republicans taking control of the House and insisting on a check to an unfettered power that this administration had with the Democratic majority in Washington,” said Cantor.
Republican House Conference Chairman Jeff Hensarling (R-Texas), who also attended the briefing echoed the Majority Leader’s sentiments and pointed to three events that he believes have helped improve the unemployment rate and the nation’s economic outlook.