Tag Archives: wasserman schultz
Who Is Debbie Wasserman Schultz?
Debbie Wasserman Schultz is the U.S. Representative for Florida’s 20th congressional district. Her district covers parts of Broward and Miami-Dade Counties. She is the first Jewish Congresswoman ever elected from Florida. President Barack Obama chose her as the incoming chairwoman of the Democratic National Committee (DNC) because of her strength as a fundraiser and as a television messenger and for her clout in the crucial swing state of Florida.
Wasserman Schultz is one of the most fiercely partisan liberal ideologues in Congress. Now she has earned yet another not-so-meritorious distinction: hypocritical elitist. She believes that only she knows what is best for her constituents, and it’s evident that she thinks people are simply not smart enough to make their own decisions about what is in their own best interests – even when it comes to their own personal investments. During an appearance on CNN, she said that, “Investing in the stock market is a risky gamble.” But she doesn’t even listen to her own advice. In 2009, Wasserman-Schultz and her husband Paul purchased between $25,011 and $200,000 in mutual fund investments in retirement accounts. She also owns between $100,001 and $250,000 in common shares for the Community Bank of Broward, where her husband works.
Her Latest Delusion
Wasserman Schultz never deviates from her talking points and her political spin – but the truth is that her misinformation and outright falsehoods cannot withstand scrutiny. Time and again, she is tasked with deceiving the American people about the true nature of her Party’s radical agenda that continues to divide the American people.
So, with Wasserman Schultz’s partisan ideology in mind, let’s see what she says and what actual records say.
Wasserman Schultz said that the economy is “continuing on the upswing” and that every economist “worth their salt” acknowledges that this is the result of the economic stimulus signed into law by President Barack Obama in 2009. The national unemployment rate was 9.1 percent this August, unchanged from July. Real unemployment rose to 16.2 percent in August, up from 16.1 percent in July and tying the 2011 record set in June, 2011. The real unemployment rate is comprised of three different measures of the labor force that more accurately reflect who is really unemployed. The annualized growth in the real Gross Domestic Product (GDP) peaked at 3.9 percent in the first quarter of 2010. By the first two quarters of this year, it had dropped to 0.4 percent and 1.0 percent. The DNC chair argued that the stimulus worked and is responsible for an economy she described as “continuing on the upswing.”
The Federal Reserve cut its economic growth forecast for the second time this year, reducing its estimate of 2011 GDP growth to a range of 2.7% to 2.9%, down from 3.1% to 3.3% in April,l and 3.4% to 3.9% in January. It’s also cut its 2012 forecast from this lower base, to a level showing 3.3% to 3.7% growth from the 3.5% to 4.2% growth that the Fed forecast in April.
More Wasserman Schultz Statements (Good for a laugh)
“The Republicans who think that the Recovery Act didn’t work are simply wrong,” said Wasserman Schultz. “The Recovery Act as of the beginning of this year created an additional 3.6 million jobs.” She said Republicans cannot ignore the facts of success from the stimulus. “So, every economist you would talk to that is worth their salt acknowledges that without the Recovery Act we would not be continuing on the upswing.” “We’d still be either stuck or spiraling downward. So the Republicans can’t make up their own facts. The bottom line is the Recovery Act had an impact.”
The non-partisan FactCheck.org said in an analysis in June that the stimulus failed to meet expectations. If, as Wasserman Schultz says, this economy is “continuing on the upswing,” I would really hate to see what Democrats could do to it if they tried!
But that’s just my opinion.