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Democratic congressional efforts to steer the economy not working as advertised. The $787-billion stimulus passed back in early 2009 failed to curb unemployment as promised, and there are other risks of putting a blind trust in government to solve the nation's economic woes.
And to give credit where credit is due, CNN's Christine Romans is pointing these risks out. On the April 5 broadcast of "CNN Newsroom" hosted by Ali Velshi, Romans was asked about the politics of extending unemployment benefits, which were held up through the Easter recess by Sen. Tom Coburn, R-Okla. According to Romans, there is a tug-of-war going on in the Senate.
"The Senate Democrats say they are going to plug ahead and plow forward," Romans said. "The issue here is the same issue as last month basically. You have some Republicans - one in particular, Sen. Tom Coburn from Oklahoma - saying, ‘Look, we've got to be able to pay for this. Let's pay for it. Let's do it. It's the right thing to do to help people. Let's find a way to pay for it.' And you have Democrats who are saying, ‘No, this is emergency spending. This is an emergency. The jobless situation is an emergency. Let's just do it right now quickly without finding another way to pay for it.'
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