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GOP address warns of more economy perils

April 3, 2010 at 11:53 AM   |   Comments

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WASHINGTON, April 3 (UPI) -- Republicans predicted Saturday that President Obama's healthcare plan and proposed banking reforms would deal a death blow to U.S. businesses.

The GOP's weekly radio address dismissed the report of 160,000 new jobs created in March and warned that Obama and the rival Democrats were pushing a "job-killing" agenda.

Political analysts told The Hill that the address indicated the Republicans were remaining focused on high unemployment in the run-up to the November congressional elections.

"Americans are rightfully asking, 'Where are the jobs? Why is Washington raising taxes in times of recession? Doesn't anyone care about us?'" said Rep. Kevin McCarthy, R-Calif., who delivered the address.

McCarthy said healthcare reform would mean tax hikes while proposed regulatory changes in the financial sector would provide "permanent Wall Street bailouts" and give the government too much say.

"Under his plan, unelected Washington bureaucrats would be granted virtually unlimited power to pick winners and losers – and hardworking American taxpayers would pick up the tab for the reckless decisions made by irresponsible bankers," he warned.

© 2010 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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