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





15 Things The GOP Doesn't Want You To Know About Taxes And The Debt


(Click a link to jump to the details for each below):

1. President Obama Cut Taxes for Almost All Working Americans
2. Ronald Reagan Tripled the National Debt
3. George W. Bush Doubled the National Debt
4. Reagan Raised Debt Ceiling 17 Times, Bush Seven
5. Tax Cuts Don't Pay for Themselves
6. Almost All Working Americans Pay Taxes
7. The GOP's "Job Creators" Don't Create Jobs
8. Low Capital Gains Taxes Fuel Income Inequality...
9. ...But Not Investment
10. The Estate Tax Has Virtually No Impact on Family Farms and Businesses
11. Income Inequality Has Reached an 80 Year High...
12. ...While the Federal Tax Burden Has Hit a 60 Year Low
13. Romney-Ryan Plan Another Massive Tax Cut Windfall for the Wealthy
14. Romney, Ryan Won't Say Which of the $1 Trillion in Tax Breaks GOP Will End
15. Romney-Ryan Will Add More Debt Than President Obama

So has Obama ignored regulator warnings on an EPIDEMIC of mortgage fraud that would rival the S&L (Ronnie's) crisis? (2004)

Did Obama change a Clinton era rule that stopped GSE's (Fann/Fredie) from using subprime loans to meet their affordable housing goals? (2004)

Did Obama force the GSE's to UP their goals from 50% to 56% (including allowing that subprime part) in affordable housing (2004)

Did Obama FORCE GSE's to purchase $440 billion of MBS's in the secondary market 2004-2007 (2004)

Did Obama fight ALL 50 state AG's who wanted to reign in the 'predatory' lenders, by invoking a civil war era rule? (2003)

Did Obama, AS the actual regulator of GSE's, allow F/F to chase the PRIVATE MARKETS to the bottom on those subprime loans (NOT to meet ANY goals at this point but BECAUSE they had lost so much market share) (late 2005)


Did Obama pass legislation in the GOP Congress to give away 120,000+ FREE down payments 2004-2007 (2004 ADDI)

Did Obama LITERALLY have regulator going to the wall street floor and use a chainsaw to cut regulations (2004)

Did Obama allow the 5 investment Banks, who fed the subprime bubble with easy credit, to lower their net capital rule which allowed the Banksters to go from 12-1 to 35-1+? (2004)

Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”



 The closest the US has had "laissez faire" was under Ronnie and Dubya over the past 80 years. Before them it was Harding/Coolidge. Hmm what 3 things are tied to those 3 periods? Oh right BANKSTERS giving US credit bubbles AND busts!


(Re-)Introducing: The American School of Economics

When the United States became independent from Britain it also rebelled against the British System of economics, characterized by Adam Smith, in favor of the American School based on protectionism and infrastructure and prospered under this system for almost 200 years to become the wealthiest nation in the world. Unrestrained free trade resurfaced in the early 1900s culminating in the Great Depression and again in the 1970s culminating in the current Economic Meltdown.


Closely related to mercantilism, it can be seen as contrary to classical economics. It consisted of these three core policies:

1. protecting industry through selective high tariffs (especially 1861–1932) and through subsidies (especially 1932–70)
2. government investments in infrastructure creating targeted internal improvements (especially in transportation)
3. a national bank with policies that promote the growth of productive enterprises rather than speculation.

It is a capitalist economic school based on the Hamiltonian economic program. The American School of capitalism was intended to allow the United States to become economically independent and nationally self-sufficient.

Frank Bourgin's 1989 study of the Constitutional Convention shows that direct government involvement in the economy was intended by the Founders.

The goal, most forcefully articulated by Hamilton, was to ensure that dearly won political independence was not lost by being economically and financially dependent on the powers and princes of Europe. The creation of a strong central government able to promote science, invention, industry and commerce, was seen as an essential means of promoting the general welfare and making the economy of the United States strong enough for them to determine their own destiny


American School economics - Wikipedia the free encyclopedia