Letter: Guinta should check facts
To kick off his so-called “Middle-Class Economic Recovery Tour,” former Congressman Frank Guinta released a statement bewailing the “toxic mix of overspending, overregulating and underappreciating the American worker.”
Not true. Underappreciating the American worker? It’s Guinta doing the underappreciating. He voted against raising the minimum wage while in the New Hampshire House, and ducked recently when asked for his current position. If he’s against it, be honest.
Overspending? Please. According to the Wall Street Journal, “federal spending is rising at the slowest pace since Dwight Eisenhower brought the Korean War to an end in the 1950s.”
Spending rose faster under every recent president, including Ronald Reagan. Federal spending has flattened under President Obama to an annualized rate of just .4 percent.
Overregulating? Not responsible for job losses. Bruce Bartlett, senior policy advisor in the Reagan and George H.W. Bush administrations, says government “overregulation” is “a canard invented by Republicans.” Statistics (Bureau of Labor Statistics) show that lack of demand impedes hiring, not government regulation.
The latest (2012) statistics are 36 percent for lack of demand and 3 percent for regulation.
Guinta should stop spouting outdated talking points and check the facts.