It's the economy, stupid!

Discussion in 'Politics' started by Old Rocks, Jul 28, 2010.

  1. Old Rocks
    Offline

    Old Rocks Diamond Member

    Joined:
    Oct 31, 2008
    Messages:
    46,471
    Thanks Received:
    5,416
    Trophy Points:
    1,840
    Location:
    Portland, Ore.
    Ratings:
    +10,313
    Well, the 2010 elections are shaping up more and more about perceptions of the economy. So let's compare two terms of a Democratic President, and two terms of a Republican President.

    When Clinton took office, the nation was in a mild recession. During the Reagan years, and also during the Bush 1 years, the nation was running a record deficit. Right off the bat, President Clinton proposed raising the taxes on the wealthiest Americans by up to 3.6%. And raised taxes on several other areas. There were a chorus of doom from the Conservative circles. So, how did that work out?

    During Clinton's terms, there were 22.7 million jobs added in the US. Average weekly wages grew by 21%. The budget was balanced. We were actually paying a little on the National Debt.

    OK, how about during President Bush's terms. Well, he did a massive tax cut, in spite of the fact that we were at war at the time, and spending money like there was no tomorrow. But, of course, we all know that big tax cuts encourage business and create millions of jobs, correct?

    During Bush's terms there were 1.1 million jobs created. That did not even keep up with the people graduating from school and entering the work force. Average weekly wage increased by 2%. Not even one years inflation.

    The question is, do we want a Republican economy again, or do we try to get back to where we were, through the efforts of people that think that the working man and womans efforts are just as worthy of reward as that of the swindling elite.

    Is there any reason at all to vote for another round of Republican incompetance?
     
    • Thank You! Thank You! x 1
  2. Old Rocks
    Offline

    Old Rocks Diamond Member

    Joined:
    Oct 31, 2008
    Messages:
    46,471
    Thanks Received:
    5,416
    Trophy Points:
    1,840
    Location:
    Portland, Ore.
    Ratings:
    +10,313
  3. skookerasbil
    Offline

    skookerasbil Gold Member

    Joined:
    Aug 6, 2009
    Messages:
    24,202
    Thanks Received:
    2,913
    Trophy Points:
    290
    Location:
    Not the middle of nowhere
    Ratings:
    +6,213
    Last edited: Jul 28, 2010
  4. Soggy in NOLA
    Offline

    Soggy in NOLA Platinum Member

    Joined:
    Jul 31, 2009
    Messages:
    32,728
    Thanks Received:
    4,316
    Trophy Points:
    1,130
    Ratings:
    +11,450
    Keep drinking the Kool Aid there buddy.... keep drinking.
     
  5. Old Rocks
    Offline

    Old Rocks Diamond Member

    Joined:
    Oct 31, 2008
    Messages:
    46,471
    Thanks Received:
    5,416
    Trophy Points:
    1,840
    Location:
    Portland, Ore.
    Ratings:
    +10,313
    Ah yes, the inheritance of the Bush admin. Meltdown Monday was in Bush's second term. The day after he assured the nation that we were economically fundementally sound. Tarp was done by Bush, neccessary, but painful. However, Bush arranged the bailouts so the miscreants that created the situation felt no pain, his base and all, you know. At least President Obama pointed out the injustice of these criminals continueing to rake in tens of million annually for destroying the economy.

    The present job situation is bleak, but far better than it was. Had the meltdown occured in the beginning of Bush's second term, we would be at the depths of the Second Great Republican Depression right now.
     
  6. Old Rocks
    Offline

    Old Rocks Diamond Member

    Joined:
    Oct 31, 2008
    Messages:
    46,471
    Thanks Received:
    5,416
    Trophy Points:
    1,840
    Location:
    Portland, Ore.
    Ratings:
    +10,313
    Those are the numbers, dumb ass. Refute them!
     
  7. WillowTree
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,147
    Thanks Received:
    10,164
    Trophy Points:
    2,030
    Ratings:
    +14,702
    still running with that "inheritance" bullshit? :lol::lol::lol::lol::lol::lol:
     
  8. Old Rocks
    Offline

    Old Rocks Diamond Member

    Joined:
    Oct 31, 2008
    Messages:
    46,471
    Thanks Received:
    5,416
    Trophy Points:
    1,840
    Location:
    Portland, Ore.
    Ratings:
    +10,313
    Assinine Repukes are still preaching that 'cut taxes' bullshit.
     
  9. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,210
    Thanks Received:
    14,906
    Trophy Points:
    2,210
    Ratings:
    +36,952
    Congressional Democrats are Zombies, they running but they don't know they're dead

    [​IMG]

    Boooooooooooooooooooooooooooooooooooosh

    We inherited our undead features from Boooooooooooooooooooooooosh
     
  10. cad
    Offline

    cad Active Member

    Joined:
    Jul 28, 2010
    Messages:
    874
    Thanks Received:
    64
    Trophy Points:
    28
    Ratings:
    +64
    So you are making the argument that the Clinton tax increases were the cause of the economic boom the 1990's? It had nothing to do with the technology boom or the fact that Clinton was able to slash defense spending due to the end of the Cold War? Or the fact that Clinton cut the capital gains taxes or cut welfare entitlements? Or placed a greater emphasis on free trade and deregulation? In your mind, it was the increased tax rates that caused the boom fo the 90's? Can you find one economist to back up that theory?
     
    • Thank You! Thank You! x 1

Share This Page