White House Economic Advisor Gene Sperling Backs Away From “Doomsday” Sequester Predictions

by Colonel on March 3, 2013

“Gene Sperling, the White House’s top economic adviser, repeatedly said Sunday the cuts will not hurt as much on “Day One” as they will over the long haul.

His remarks are in contrast to weeks of President Obama and his Cabinet warning that the cuts will result in furloughs or pay cuts for middle-class wage-earners such as teachers, Capitol Hill janitors and air traffic controllers, which they said could cause 90-minutes delays at major U.S. airports.

Sperling declined at least twice to directly answer questions about whether the worst-case-scenario rhetoric has hurt the president’s credibility on the issue. He instead stuck to his argument that independent economists forecast the cuts will result in 750,000 fewer jobs and that corporate executives now anticipate slower economic growth.

” — Copyright 2013 Fox News Network LLC

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