WASHINGTON — Alleged misbehavior by the Internal Revenue Service and other federal agencies gives the GOP something else to talk about and investigate as the economy clearly, if slowly, recovers on President Barack Obama's watch, robbing Republicans of a central argument against Democrats.

Amid a series of recent positive economic reports, the GOP is revving up its portrayal of the Obama administration as scandal-ridden and inept, while largely abandoning the party's where-is-the-recovery criticism.

Republicans had little choice, given that the economy has gained considerable strength over the past 18 months. Today, the federal budget deficit is shrinking rapidly and tax receipts are rising. Consumer confidence and spending are up, as are auto and housing sales. Stocks are near all-time highs.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.