The Democrats always seem to have handy excuses for the consistently lousy economic data that keeps pouring in month after month. Rest assured, it never has anything to do with their audaciously reckless spending or drop-dead idiotic policies.
SCHIEFFER: You know, the unemployment figures came out, and they were worse than expected, as you know. Unemployment actually ticked up to 9.1%, but this was just part of the story. A series of numbers that have been really, really bad lately. The number of new jobs created - 54,000 - far fewer than expected. Home prices hit a new low in the first quarter of the year. Home sales are down again. Consumer confidence is down, and gas and food prices are up. I have to say, Congresswoman, many of the experts thought the recovery would be well underway by now. But it looks like we're going backwards now, that we may be on the verge of a double-dip recession here. Do you fear that's what's happened?Check out the video at Real Clear Politics.
PELOSI: Well, I think we have to take a careful look at those figures to see. The unemployment numbers are obviously disturbing. Are they an anomaly as some people suggest because of the disasters in the south and the mid-west and the rest or is this something systemic that we have to accommodate in a different way? But, all of it translates into hardship for America's middle class and they are feeling it very, very severely.