Old Rocks
Diamond Member
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?
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?