Rep. Tom Price on How to Tell If Obama is Failing

This week I asked Rep. Tom Price (R-Ga.), the head of the Republican Study Committee, two questions about criticisms of President Obama’s policies that get aired out on business shows. First, what benchmarks should people look at to see whether the stimulus package is working?

“The benchmarks to watch are those that show that it’s continuing to be more destructive,” said Price. “When they continue to throw money out there and inflation begins, then that’s a telltale sign that they’re even losing that battle. When the Fed puts out an auction of Treasury notes that they have to fill themselves, that in essence will be a moment of default. That’s something to watch. And that’s coming — that will happen, out of necessity, because you can’t continue to throw money out there.”

I also asked Price when this became the Democrats’ economy: In January 2007? In May 2008? On Inauguration Day?

“Jan. 20, for sure,” said Price. “They owned part of it from the election on, but I think it’s Jan. 20.”