Missing: Carolyn McCarthy Amid Reports LI’s Middle Class “Barely Getting By”
MISSING: CAROLYN McCARTHY AMID REPORTS LI’S MIDDLE CLASS “BARELY GETTING BY”
16-year Democrat Incumbent silent as economy moves backwards; government revises GDP figures downward, pointing to worsening recovery
Published reports that the Middle Class is “barely getting by” in Nassau County and across Long Island were heavily supported by Commerce Department figures released late last week showing the continued impossibility of economic recovery. And yet again, 16-year Democrat incumbent Congresswoman Carolyn McCarthy is missing-in-action.
The Federal government revised its measure of Second Quarter growth, to a 1.3% annual pace – a number calculated after complete review of economic data – underscoring the economy’s weakness. This number was revised downward; an estimated number of 1.7% was previously released. And no comment from McCarthy, let alone any idea to fix the economy she’s help preside over and regulate for close two two decades.
“The Commerce Department report released the other day underscores the damage being inflicted on our economy by a do-nothing Congress and their uncertainty over US fiscal policy. It is startling that 16-year Democrat incumbent Congresswoman Carolyn McCarthy sits silent as our economy is in turmoil – the same economy she’s help preside over for close to twenty years,” said Legislator Fran Becker, Republican candidate for Congress in New York’s 4th Congressional District.
Becker pointed to the Commerce Department order number, for a wide range of goods, which fell by 1.6%, dropping for a third consecutive month. New orders for long-lasting US manufactured goods also fell by the most in 3½ years.
“This decline is in synch with other measurable data that indicates a marked stalling of our economy. 43 straight months of more than 8% unemployment proves Carolyn McCarthy and Barack Obama can’t fix it. As a small business owner, I know what needs to be done to turn our economy around. I’m the only candidate in the race with an actual Middle Class Jobs Plan that will put Long Islanders back to work. My plan is supported by 132 American economists and will put economic growth and job creation on the front burner,” Legislator Becker said.
US Commerce Department figures released show that orders for long-lasting U.S. manufactured goods fell sharply in August, suggesting the main engine of the economic recovery was stalling amid prior reports earlier in September that 368,000 frustrated job-seekers stopped looking for work altogether. Durable goods orders dived 13.2 percent, the largest drop since January 2009, when the national economy was in the throes of a recession. Additionally, transportation orders – for things such as cars – were weak, falling by 34.9%, a larger-than-expected number. Unfilled orders dropped by the most since December 2009, also pointing to weak factory activity in the months ahead.
There was also bad news on the housing market. Contracts to buy previously owned homes fell in August, countering other recent talking points that activity in the housing market has been picking up.
This news comes on top of local Long Island reports showing the middle class is “barely getting by.” (Newsday. September 29, 2012) “The Middle Class is worried. Four years of recession and sluggish recovery, after decades of riding income inequality, have eroded its wealth and optimism,” Newsday wrote.
“Washington isn’t working. Carolyn McCarthy and Barack Obama have had their chance at fixing a broken economy and have failed. I’m running for Congress to bring in new blood with new ideas that will get our community and country back on track – not the same old broken promises that do little to help either our community or our neighbors, the working families and seniors of Nassau County,” said Legislator Becker.