Latest topics
Social Networks
Links to Affiliates and Resources
Displaced American Workers United
Outsaurus
Extend Unemployment Benefits
Unemployed Workers.org.
Examiner.com Denver
99ers.net/
Republicans Call for Economic Suicide One More Time
Page 1 of 1
Republicans Call for Economic Suicide One More Time
The last four years of the Clinton administration were distinguished by four consecutive years of budget surplus, imitating the Eisenhower years.
Then, the feathers hit the fan. President George W. Bush wanted to repeat Reaganomics big-time, and he did. He began two unpaid-for, still ongoing wars, and lowered taxes for the rich in each of his first three years in office. Yep, GWB sure we made lots of very wealthy job-creators. But, somehow, new jobs were more scarce during the Bush administration than in any other 8-year period.
The job-creators kept the money. Many of them funded new think-tanks that produced pseudo-studies proving how this concentration of wealth “lifted all boats.”.
Bush increased the national debt from $5 trillion to $10 trillion and left Obama with a projected budget deficit of $1 trillion. Obama built on those deficits by flooding financial institutions and other corporate entities with streams of money, because wise men of finance told him it had to be done to avoid the Greatest Depression. Nevertheless, unemployment rose to over 10%, and jobs have not recovered to this day.
http://cjonline.com/blog-post/bill-roy/2011-04-17/republicans-call-economic-suicide-one-more-time
Guest- Guest
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Wed Feb 06, 2019 3:59 pm by Sad American
» UF2 Members Chat Thread: Part 3
Thu Mar 02, 2017 1:02 am by DesperateInRI
» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Wed Mar 01, 2017 8:19 pm by DesperateInRI
» I see this board has been quiet
Tue Jun 07, 2016 1:24 pm by Knight1009
» Hello Ya'll. *Theirmommie*
Tue Nov 17, 2015 9:42 am by my_lucid_bubble72
» 20 % of Americans Struggle To Buy Food
Thu Jul 16, 2015 1:00 pm by pbrad009
» The Make Some One Day Challenge
Wed May 27, 2015 12:32 pm by Prof_NSA
» Clues to why they not hiring you
Sun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed
» New Year Nothing Change
Tue Jan 20, 2015 5:48 pm by Prof_NSA
» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Fri Dec 19, 2014 4:24 pm by charliekerper
» Forbes: America's #1 Problem is Jobs, Not Debt
Sat Nov 15, 2014 10:50 pm by jmainframe
» Economy just getting worse
Mon Oct 06, 2014 12:16 pm by oncemore
» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Fri Oct 03, 2014 11:23 am by DesperateInRI
» Hey Guys!!!!
Mon Sep 29, 2014 9:17 am by pbrad009
» Up all NIGHT WORRIED!
Thu Sep 25, 2014 11:56 pm by pbrad009