Friday, July 22, 2011

Political Quote of the Day

On the heels of another announcement of mass layoffs this week (23,000 combined from Cisco, Lockheed Martin and Borders, after 41,432 planned cuts in June, plus 142,000 government jobs lost so far this year), I stumbled over this quote this morning:

Howard Davidowitz
Howard Davidowitz is bipartisan in his criticism, calling the U.S. political system "dysfunctional and deranged."

Still, the restructuring expert is a longtime and vocal critic of President Obama. Today, he said:

"There has never been a situation in my lifetime where a guy increases the debt by 40%, GDP growth is on the way down, Food Stamps are up, millions more are unemployed -- and to accomplish this we spent $4 trillion."

Further evidence we are indeed living in unprecedented times.

WASHINGTON – Following a procedural vote to prevent the “Cut, Cap, and Balance Act” from coming to the Senate floor, Senator Mike Lee released the following statement:
“Today, Majority Leader Harry Reid used procedural tactic to prevent a vote on a bill that is supported by two-thirds of the country.  It is shameful, despicable, and an abuse of this chamber.  We weren’t even allowed sufficient time to debate the one bill in Congress that would address the country’s most immediate challenges.
“The Democrats have blocked a vote for now, but the fight is not over.  I will continue to make sure ‘Cut, Cap, and Balance’ receives a proper up or down vote in the Senate.”

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