G
Guns Guns Guns
Guest
The GOP wants the keys back after they drove us into the deepest ditch since the Great Depression.
Let's examine the Republican record:
The economic policy of the George W. Bush administration was a combination of tax cuts, expenditures for fighting two wars, and a free-market ideology intended to de-emphasize the role of government in the private sector...
Bush advocated the partial privatization of Social Security in 2005-2006, but was unsuccessful...
What was the result?
Because his party is still making the same promises based on the same failed formula...they hope you forgot him.
Can America afford another Bush?
http://en.wikipedia.org/wiki/Economic_policy_of_the_George_W._Bush_administration
Let's examine the Republican record:
The economic policy of the George W. Bush administration was a combination of tax cuts, expenditures for fighting two wars, and a free-market ideology intended to de-emphasize the role of government in the private sector...
Bush advocated the partial privatization of Social Security in 2005-2006, but was unsuccessful...
What was the result?
- ...as of January 1, 2009, his last month in office, the nation lost 655,000 jobs, raising the unemployment rate to 7.8%, the highest level in more than 15 years...
- ...only 4% of workers, typically highly-educated professionals, had real income increases...
- ...excluding the effect of home equity extraction, the U.S. economy grew at a 1% rate during the Bush years...
- ...the average after-tax income of the richest one percent of households rose from $722,000 in 2003 to $868,000 in 2004, after adjusting for inflation, a one-year increase of nearly $146,000, or 20 percent. This increase was the largest increase in 15 years...
- ...Bush also signed into law Medicare Part D, which provides additional prescription drug benefits to seniors. The program was not funded by any changes to the tax code. According to the GAO, this program alone created $8.4 trillion in unfunded obligations in present value terms, a larger fiscal challenge than Social Security...
- ...The US national debt grew significantly from 2001 to 2008...debt was accumulated as a result of tax cuts and increased national security spending...
- ...The share of public debt owned by foreigners increased significantly from 31% in June 2001 to 50% in June 2008, with the dollar balance owed to foreigners increasing from $1.0 trillion to $2.6 trillion. This also significantly increased the interest payments sent overseas, from approximately $50 billion in 2001 to $121 billion...
- ...The last two years of his presidency were characterized by the worsening subprime mortgage crisis, which resulted in dramatic government intervention to bail out damaged financial institutions and a weakening economy...
Because his party is still making the same promises based on the same failed formula...they hope you forgot him.
Can America afford another Bush?
http://en.wikipedia.org/wiki/Economic_policy_of_the_George_W._Bush_administration