Facts are facts.
Despite being at war and inheriting a real recession caused by .Com bubble burst and 9-11.
Unemployment
Clinton 8 years: 5.2
Bush 7 years 5.18 (includes high recession years)
GDP Growth
Clinton 8 years 3.5
Bush 7 years 2.4 (which includes the Recession Bush inherited from Clinton Administration)
Home ownership:
Clinton highest 67.8%
CURRENT Bush 68.7%
Although the economy cost Bush Senior his re-election campaign, history has proven that the recession in that era was eliminated BEFORE Clinton took office and in fact he got to ride a false .COM boom (it was real but it was not a fiscally solid boom)—a boom which burst and manifested itself in Bush’s numbers.
Just another few things to consider:
Our economy is outperforming all economies of similar countries—Europeans for example—this is a global downturn.
The jobs we lost we can’t get back—we aren’t postured to compete with cheap labor goods.
Have a serious discussion –it isn’t rocket science.
Obama wants to raise tariffs to cause America to be more competitive in the US Market and create jobs—but what does that mean ?
It means the Toy from China which cost 5 now and was made with 3 dollars an hour (or whatever) labor will now cost $ 8 –and at 8$ an US company can pay a US worker minimum wage and we can compete. The problem of course to the consumers is they now pay $8 bucks for the toy. A recipe for inflation. Anyone thinking the good old days for the Auto Industry can return is just crazy stupid—the only way we got competitive is by automation and decreasing manufacturing type jobs—basically doing only the assembly tasks. And unless you want to subsidize jobs here by paying higher prices this won’t work.
Obama wants to raise taxes—history has proven raising taxes hurts the creation of jobs, capital and tax revenues—just a fact in the last 3 reduction of taxes, growth occurred and the resulting revenues were larger as a result. He can claim he is only going after the “rich” --while this is a lie, let’s agree it is true. What does a rich person do with more money? They create more wealth buy investing in the expansion of their business—sometimes it is in their business—other times it is in other luxury goods they buy. Do we want no more Rolls Royces to be made? But let’s be more specific and talk about the real folks he is going after—the small business folks making >250K. These folks are the source of the vast majority of our new jobs—you know the 8M new jobs Bush created in the recession/war time economy he inherited (let’s face it if the terrorists hadn’t done 9/11 we would not be in IRAQ—and clearly the 9/11 attacks are far more Clinton responsibility than Bush). Bush inherited a weak on security and recessive economy from Clinton—just facts no matter how the left spins it. But Bush’s tax cuts enabled small business’s to invest more in growth and grow faster as a result.
Just think about it—we are so stupid—we give stimulus tax refund checks to only people who paid little or no taxes—and they spend it on energy costs or consumer goods. Not a bad thing—but if the purpose was to stimulate growth the rebates should have gone to real taxpayers, who might have used the money to grow their businesses—employ more folks, which by the way generates even more tax revenues—no wonder it had little effect. Sad truth is was a pathetic attempt by both Bush and Pelosi/Reid to bribe stupid Americans in to thinking they care and were thinking of them in an election year. Vote for sale--
The rhetoric is just crazy –and the pea brains don’t bother to ask “how?”
Another point to consider:
The last time we had a liberal congress with a liberal President was Jimmy Carter—and this Congress is currently the worst in our history if you believe polls. Reagan was counter-balanced by Democrats in Congress and Clinton was counter-balanced Newt Gingrich led Congress. An Obama/Reid/Pelosi leadership team will be a disaster of enormous proportions.
Originally Posted by tony
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