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Home Publications Blogs Beat the Press House Republican Leader John Boehner Misses Investment Boom

House Republican Leader John Boehner Misses Investment Boom

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Wednesday, 25 August 2010 04:50

That should have been the headline of an article reporting on Representative John Boehner's call for President Obama to fire his top economic officials. The article reports that Boehner asserted: "business operators around the nation were anxious about investing in an uncertain business climate given the new policies coming out of Washington. 'The prospect of higher taxes, stricter rules and more regulation has employers sitting on their hands.'"

The data show businesses are actually increasing investment at a rapid pace. Investment in equipment and software has risen at more than an 18 percent annual rate over the last three quarters. It is newsworthy that Mr. Boehner is apparently unaware of the most basic economic data, since he is making strong assertions that are clearly at odds with reality. Mr. Boehner's ignorance of the state of the economy should have been a prominent item in the news.

 

Comments (8)Add Comment
...
written by izzatzo, August 25, 2010 7:26
Boehner also reports that air traffic, ground traffic and even pedestrian traffic has slowed substantially due to fears of regulation and taxes, causing widespread congestion with slowdowns and delays. When asked how he knew that, he said he could see fear in the eyes after reading reports by Paul Krugman that speed limits would be lower on unlit gravel roads because there was no money to pave or light them.
...
written by Ron Alley, August 25, 2010 8:32
Dean,

A more interesting piece is:

http://www.nytimes.com/2010/08/25/business/25drug.html?ref=business
...
written by anon, August 25, 2010 10:43
Though I will say that as I have watched my future evaporate over the past three years, I have been quite astonished at the total and complete lack of leadership demonstrated by the president and party I have faithfully supported for three decades, who won a considerable mandate in 2008, and who has done exactly zero for people like me. The fact that people like Quayle, Angle, Rubio, Bachmann et al are even competitive tells me all I need to know about the Democratic party in 2010. Best of luck.
...
written by Matt, August 25, 2010 1:18
Dean, get with the times babe, there is a new paradigm and these things you call "facts" supported by "data" have no place in the world.
Fact Free Zone Ahead
written by Paul, August 25, 2010 2:24
You gotta love a guy like Boehner who just makes stuff up and nobody calls him on it. Really takes cajones to get on TV, just BS about the economy and have every "journalist" take you seriously.
worrying hallucinations
written by diesel, August 25, 2010 11:08
I know this is an ad hominem and I shouldn't indulge in it, but every time I stare at a picture of Boehner, he morphs into an SS officer wearing Nazi regalia. There, I also committed the "Nazi fallacy", or whatever it's called.
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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.

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