The Hill News

It was announced today that jobless claims have risen to 412,000. As I have warned before, the president and Congress are poised to make the same catastrophic policy mistake that FDR and Congress made in 1937. They adopted harsh fiscally conservative policies before the economy had fully recovered, and a bad economy in 1937 relapsed to an even worse economy.

The rise in jobless claims today is a red-flag warning to official Washington. With our debate and policies having moved so far to the right, and I include the Democratic president, the dangers of joblessness rising even higher are real and immediate.

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