And yet the Republicans continue to fight against job creation in the US in favor of sending our jobs overseas.
They won't even come back from their vacation to support their own country in a war though so how can we expect them to suddenly decide to work for their own citizens.
If the Repubs ever show up for work again, they should be brought up on charges of treason.
Oh Blah Blah Blah Stupid Prog Pablum ^^^^
What causes job creation: Economic Growth
What causes economic growth: A Healthy Private Sector (businesses large and small)
What causes a Healthy Private Sector: Free Markets that aren't oppressed by Big Government
We are still suffering the after effects of the 2nd Great Depression caused by the Republican Deregulation of the Wall Street Casino.
At best we will recover around the end of this decade but the damage to the economy was severe. The current imbalance between hardworking Americans and the wealthy has never been greater and there needs to be a reset on that wealth gap.
When a CEO is being paid 350 time more than the average worker than means that 300+ workers are out of jobs that could otherwise be helping the economy.
This won't happen out of the kindness of the hearts of greed obsessed CEO's either therefore this has to be done via We the People using the government OF the People FOR the People.
Yes, I know, your blood pressure is rising and you are calling me a commie and a socialist and all of the other idiotic kneejerk names.
But that doesn't alter the reality of (a) where we are now, and (b) how and why we got here, and (c) what we have to do in order to turn this around.
So use your outrage creatively and find a way to convince a CEO to create more jobs even if it means taking a pay cut. That would do more to help this nation than just venting your feelings at me.
You know there was ONLY ONE event that caused what you call the 2nd Great Depression AND IT WASN"T Wall Street Deregulation... IN SPITE of
these 4 gigantic cataclysmic events which ALL YOU idiots seem to forget OCCURRED!
1) A recession that STARTED under Clinton... ended under Bush 11/01.
2) A Dot.com bust that cost $5 trillion in assets over 500,000 jobs and yet NOT one mention by you!
3) OH a minor event called 9/11! Geez 3,000 people died, $2 trillion in damages, 18,000 businesses gone and YOU forget that???
4) Worst WORST hurricane SEASONS NOt just Katrina... that cost
10 Costliest Catastrophes in the U.S. - Slide Show-Kiplinger
10. Hurricane Rita 2005
8. Hurricane Ivan 2004
7. Hurricane Charley 2004
6. Hurricane Wilma 2005
5. Hurricane Ike 2008
1. Hurricane Katrina 2005...
AND NOT ONE mention of these events that NO other president ever faced in American history... YET
IN spite of these events:
GWB had the Largest Gross Domestic Product in history!!
When Bush took office in 2001 GDP was $12.355,271,000,000
when Bush left office in 2008 GDP was $14,359,490,000,000
A 16% increase in GDP or $2 TRILLION.
Tax revenues INCREASED after tax cuts for 4 straight years 2004 through 2007.
And in SPITE of all this nearly 5 million more people working in 2008 then at the beginning of 2001!
YET the ONLY ONLY event you mention is the "great depression"... CAUSED BY these factors which NOT one of you idiots will recognize!
HERE ARE THE FACTS that precipitated this major issue...!
1) Community Re-Investment-Act encourage higher risk loans! Understand? Started under Carter and expanded under Clinton.
2) Most of the CRA loans were backed by Fannie/Freddie? Proof?
Banks re-packaged and sold with Fannie/Freddie Using CDswaps banks could unload the sub-prime loans by having Fannie/Freddie securitizing them as explained in this statement:
Oct. 23,2008 (Bloomberg) --
Fannie Mae and Freddie Mac have an "effective'' federal guarantee, not the "full faith and credit'' of the U.S. government, Federal Housing Finance Agency Director James Lockhart said after the hearing. That does give them effectively a guarantee of the U.S. government.''
Lockhart s Fannie Freddie Guarantee Remarks Stir Up Confusion - Bloomberg