Jan 9, 2015
The private sector has added 11.2 million jobs over 58 straight months of job growth, extending the longest streak on record
Dubya LOST 1+ million PRIVATE sector jobs in 8 years. Even stopping in
Dec 2008, PRE his great recession, it was a pathetic 4 million. That
'loser' Carter had 9+ million in a MUCH smaller economy... Weird right?
Bureau of Labor Statistics Data
U.S. Economy Is Pulling Ahead, towing of Rest of the World & it's not a scam like Bush's sub-prime lending that caused the worlds biggest economic disaster
When hard-working people earn a living wage with benefits, they pay
taxes instead of receiving government assistance and actually have more
disposable income to spend on growing the (local) economy,
So many people refuse to recognize that poorly-paid workers have no choice but to be dependent on government and/or charities. More jobs with better pay (so people could churn the economy) would solve a lot of our problems.
Companies supposedly compete for people in a capitalist system, at least
they used to. All this complaining you hear from companies saying they
can't find "qualified" people is just a smoke and mirrors way of saying
that they can't get the same people they got 10 years ago to rehire in
for what they were making 10 years ago. If there were no minimum wage,
believe me, it would be a race to the bottom
15 Things The GOP Doesn't Want You To Know About Taxes And The Debt
ReplyDelete(Click a link to jump to the details for each below):
President Obama Cut Taxes for Almost All Working Americans
Ronald Reagan Tripled the National Debt
George W. Bush Doubled the National Debt
Reagan Raised Debt Ceiling 17 Times, Bush Seven
Tax Cuts Don't Pay for Themselves
Almost All Working Americans Pay Taxes
The GOP's "Job Creators" Don't Create Jobs
Low Capital Gains Taxes Fuel Income Inequality...
...But Not Investment
The Estate Tax Has Virtually No Impact on Family Farms and Businesses
Income Inequality Has Reached an 80 Year High...
...While the Federal Tax Burden Has Hit a 60 Year Low
Romney-Ryan Plan Another Massive Tax Cut Windfall for the Wealthy
Romney, Ryan Won't Say Which of the $1 Trillion in Tax Breaks GOP Will End
Romney-Ryan Will Add More Debt Than President Obama
Conservatives Can't Escape Blame for the Financial Crisis
ReplyDeleteThe onset of the recent financial crisis in late 2007 created an intellectual crisis for conservatives, who had been touting for decades the benefits of a hands-off approach to financial market regulation. As the crisis quickly spiraled out of control, it quickly became apparent that the massive credit bubble of the mid-2000s, followed by the inevitable bust that culminated with the financial markets freeze in the fall of 2008, occurred predominantly among those parts of the financial system that were least regulated, or where regulations existed but were largely unenforced.
Predictably, many conservatives sought to blame the bogeymen they always blamed
In March of 2008, Sen. Jon Kyl (R-AZ) blamed loans “to the minorities, to the poor, to the young” as causing foreclosures. Not long after, conservative commentator Michele Malkin went so far as to claim that illegal immigration caused the crisis.
This tendency to shift blame to minorities and poor people for the financial crisis soon developed into a well-honed narrative on the right. Swiftly and repeatedly many conservatives blamed affordable housing policies—particularly the affordable housing goals in place for the two government sponsored mortgage finance giants Fannie Mae and Freddie Mac and the 1977 Community Reinvestment Act that applies to regulated lenders such as banks and thrifts—for the massive financial crisis that occurred. This despite the fact that as recently as 2006 prominent conservatives, including FCIC Republican member and American Enterprise Institute Senior Fellow Peter Wallison, were arguing that Fannie and Freddie needed to do more lending to low-income communities and minorities.
Last week, the Republican minority on the congressionally created Financial Crisis Inquiry Commission continued this tradition of willful blindness, issuing their own self-described nine-page "primer" on the financial crisis—one that attempts to lay the blame once again on Fannie Mae, Freddie Mac, and the Community Reinvestment Act. The picture they paint is reflective of a mindset they displayed last week when all four Republican members tried to ban the phrases "Wall Street," "shadow banking," "interconnection," and "deregulation" from the final report.
These terms are important to understanding what happened in the 2000s. But equally damning is this—the minority members of the FCIC got their facts wrong, their time frames jumbled, and their selection of relevant facts skewed to reflect their libertarian biases.
Politics Most Blatant Center for American Progress
FLASHBACK: In 1993, GOP Warned That Clinton’s Tax Plan Would ‘Kill Jobs,’ ‘Kill The Current Recovery’
ReplyDeleteHere is just some of the rhetoric employed by Republicans in 1993 to fearmonger about Clinton’s tax increases (there’s more below the fold):
Rep. Newt Gingrich (R-GA), February 2, 1993: We have all too many people in the Democratic administration who are talking about bigger Government, bigger bureaucracy, more programs, and higher taxes. I believe that that will in fact kill the current recovery and put us back in a recession. It might take 1 1/2 or 2 years, but it will happen. (Congressional Record, 1993, Thomas)
Rep. Bill Archer (R-TX), May 24, 1993: I would much rather be here today supporting the President and I would do so if his proposals could expect to increase jobs and the standard of living for Americans, but I believe his massive tax increases will do just the opposite. (Congressional Record, 1993, Thomas)
Rep. Bob Goodlatte (R-GA), July 13, 1993: Small businesses generate the bulk of this Nation’s new jobs. And they will be the hardest hit by the Clinton tax-and-spend budget. Because, when you raise taxes, you kill jobs. (Congressional Record, 1993, Thomas)
Rep. Christopher Cox (R-CA), May, 27, 1993: This is really the Dr. Kevorkian plan for our economy. It will kill jobs, kill businesses, and yes, kill even the higher tax revenues that these suicidal tax increasers hope to gain. (Congressional Record, 1993, Page: H2949)
Of course, far from bringing the Doomsday of which Republicans were warning, Clinton’s policies ushered in the longest sustained period of economic growth in the nation’s history, with 23 million jobs created. Compared to the administration of George W. Bush, the Clinton-era saw more job growth, more GDP growth, more wage growth, and more business investment. Incomes grew under Clinton but fell under Bush, while poverty did the opposite, falling under Clinton but increasing under Bush.
Oh, and Clinton balanced the budget for the first time since 1969. On May 27, 1993, Rep. Robert Michel (R-IL) said “[Americans] will remember who set loose this dreadful virus into the economic bloodstream of our nation.” If only we could have a “dreadful virus” of that sort today. More quotes below the jump.:
ReplyDeleteFlashback: Republicans Opposed Medicare In 1960s By Warning Of Rationing, ‘Socialized Medicine’
Ronald Reagan: “f you don’t [stop Medicare] and I don’t do it, one of these days you and I are going to spend our sunset years telling our children and our children’s children what it once was like in America when men were free.” [1961]
George H.W. Bush: Described Medicare in 1964 as “socialized medicine.” [1964]
Barry Goldwater: “Having given our pensioners their medical care in kind, why not food baskets, why not public housing accommodations, why not vacation resorts, why not a ration of cigarettes for those who smoke and of beer for those who drink.” [1964]
Bob Dole: In 1996, while running for the Presidency, Dole openly bragged that he was one of 12 House members who voted against creating Medicare in 1965. “I was there, fighting the fight, voting against Medicare . . . because we knew it wouldn’t work in 1965.” [1965]
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Conservative Ideology requires either ignorance, stupidity, denial or psychopathology….& maybe all of the above
ReplyDelete