Tuesday, June 12, 2012

Republican Record


By almost every measure — GDP growth, jobs, median incomes, financial-market performance — he stacks up as probably the least-successful President on the economic front since Herbert Hoover.  Let’s look at just only a few of his blunders.

When President Bush took office in 2001, Republicans and Democrats in Washington had built a strong consensus on the need for fiscal responsibility. Bush blew that apart within a few months. With the country in a recession, a temporary return to deficits was inevitable. But Bush's tax cuts and spending increases — and clear disdain for the pay-as-you-go approach that had brought deficits down in the 1990s — brought a return to permanent budget deficits.

The cost of invading and occupying Iraq has been staggeringly high — whether you believe the $3 trillion figure of economists writes about or not. The costs continue to add up and up to the unforeseeable future.

The total public debt stood at $5.7 trillion on Jan. 20, 2001, the date of Bush's inauguration. And when he left, the total debt was $10.6 trillion. Add these blunders to Large tax cuts for the wealthy averaging almost$46,000 for the rich and only $227 dollars for the rest of us.  I guess I could go on and on but what is the point. I think it was all done on purpose. Here is my take on the whole eight years.

Bush received major backing by large corporations because they thought he could be controlled and to do what he was told to do.  The Wealthy hate using their tax dollars for programs like public schools, food stamps, college aid, Social Security and Medicare ,to make a few.  The Republicans knew they could never get rid of these programs and keep their political power. The had a plan to divide working people with social issues like interracial marriage, gun control, gay marriage, and immigration.

The next step was to find a President Dumb enough to plunge a country with giant surpluses into massive debt therefore making it necessary to privatize ,eliminate, of reduce these social programs. Why else would a Republican President, and his fellow legislatures, pass an unfunded program like Medicare Part D.? They hate Medicare so why add to its benefits. I think it was to swamp it with debt to the point of no return. The tax cuts and war in Iraq were used as an excuse to spend the three trillion dollars of Social Security surpluses.  Their plan has seemed to have worked.

If the Republicans take over all three branches of government then they will implement the Paul Ryan Budget and privatize these programs and then they will really be in the top ½%.

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