2003-2006 Republican Congress Vs 2007-2010 Democrat Congress
The economic malaise from which we now suffer was caused by Democrats.
2003-2006 Republican Congress Vs 2007-2010 Democrat Congress
Democrats gave us the sub-prime mortgage urgency and the fierce resistance, to reining in its abuses, leading to the housing collapse, bringing about the collapse of the economy.
All bills for raising wage (thus spending) must originate in the House of Representatives. Democrats have controlled the House and Senate, since January 2007. Republicans controlled both from 2003 through 2006.
The Bush Tax Cuts Had No Bearing Whatsoever on Today's Recession
-It is Impossible For A Tax Cut To Hurt The U.S. In Any Way, Unless:
-A Nation is Under Taxed to meet critical services
-Does any economically literate person believe Americans are under taxed?
2003-2006 Republican Congress Vs. 2007-2010 Democrat Congress
________Unemployment Rate________
Democrat Congress present Data July 2010--------9.5%
Republican Congress December 2006 Final Month---4.5%
Source: Bureau of Labor Statistics
________Total number of Unemployed________
Democrat Congress present Data July 2010-------14.6 Million
Republican Congress December 2006 Final Month---7.0 Million
Source: Bureau of Labor Statistics
Total Deficits Democrats 2007-2010--Republicans 2003-2006
Democrat Congress 4 every year Deficits------------ Trillion, 374 Billion
Republican Congress 4 every year Deficits----------- Trillion, 356 Billion
Source: allocation of the United States, Office of the President
Increase or Decrease In Revenues To Government
Republican Congress 2003-2006 (+) Plus 0.3 Billion
Democrat Congress 2007 To present (-) Minus 1.2 Billion
Source: Bureau of Economic Analysis-Dept. Of Commerce
Increase in Disposable wage -Inflation Adjusted
Republican Congress December 2003-2006-------20
Democrat Congress 2007-2010------------------$ 427
________Black Unemployment________
Democrats-----July 2010-------15.6%
Republicans----Dec. 2006--------8.4%
Source: Bureau of Labor Statistics
________Hispanic Unemployment________
Democrats----------July 2010--12.1%
Republicans--------Dec. 2006--4.9%
Source: Bureau of Labor Statistics
________Teen Unemployment________
Democrats----------July 2010---26.1%
Republicans--------Dec. 2006---15.2
Source: Bureau of Labor Statistics
-Revenues are Never The question in America, immoderate Spending all the time is
-America does not need 1 More Penny For critical Services
-It does need to cut the cost of the federal government as a % of Gdp (the national income) from 25% to 16%, over 8 years.
Limiting spending to 16% would pull all that capital back into the hidden sector, where all net wealth creation and job creation takes place. Per capita wage would soar for doing exactly what each worker is doing right now. This exact principle is what gave us soaring growth in the 1990's.
Entitlements/Welfare must be reined in. "All" able bodied men and women must achieve a aid meaningful to taxpayers as a first requirement to be eligible for welfare. Families must take in and support all welfare recipients in most cases.
________The Bush Tax Cuts________
-Not a particular person was hurt or treated unfairly by the Bush Tax Cuts
-The highest ration cuts went to the lowest bracket taxpayers-33%, the smallest cuts to the highest bracket-12%.
-All "net taxpayers" were helped from the Bush tax cuts, until Democrats took control of congress, in January, 2007
-Every vital area of the economy made strong gains through 2006, the strongest by the lowest wage Americans--(Cbo Study 1995-2005 )
_Disposable wage was 00+ higher, for every man woman and child by December 2006
"It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now." - President John F Kennedy Dec. 14th 1962
Jfk has many quotes, citing free shop principles. Every Jfk quote is 100% consistent with the Bush tax cuts and are as free market/limited government oriented (or more so) than that of every one of today's Democrats; even more than many Republicans in congress today.
Jfk'S quotes are also entirely consistent with the conclusions (along with the actual data) stated in this article.
http://www.wnd.com/news/article.asp?Article_Id=39517
-Almost immediately after Democrats took control of congress, the economy started slowing, then very fast tanked.
-Democrat forced legislation, beginning with Jimmy Carter's community Reinvestment Act, then extensive by Bill Clinton, then by threats and shameless intimidation by the Reno Justice Department, using ginned up data, led to the following:
-Democrat spending measures and strong armed support by Democrats to Acorn-led at the time by community activist Barack Obama
-Sub-prime mortgages forced on America by Democrats, Acorn and the Reno Justice department.
-Misuse and corruption of Fannie Mae and Freddie Mac by top Clinton Cronies, Raines, Gorelick, Johnson, etc.
No one boasted more about the great contribution to America of sub-primes, leading to Fannie and Freddie abuses, than Barney Frank and no one did more to block steps to avoid the collapse of the economy caused as a ensue of Fannie and Freddie's monstrous corruption, than Frank.
Now he's done a 180. Barney Frank has told Larry Kudlow, Fannie and Freddie should be abolished.
________Contrast Barney Frank-Then With Now________
See Barney Frank as early as 2004, praising the success of the sub-prime mess, as fellow Democrats ignore warnings by a federal regulator, even attacking the regulator as he warned the House Banking Commitee (Frank was the Ranking Democrat) as to what appeared to be a coming disaster, which is exactly what we got.
If you go to YouTube and crusade for Barney Frank, it is easy to find his videos along with the one mentioned above. Frank is shown resisting attempts to rein in the whole sub-prime mess, while declaring its huge success, and subtly suggesting the callousness of Republicans. Frank's Democrat underlings, Maxine Waters, Gregory Meeks, Lacy Clay, Arthur Davis cast all kinds of aspersions at the federal regulator.
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