Thursday, April 17, 2008

In just one year. Remember the election in 2006?

Wow, the republicans tried to blame the democrats for our failed economic policy... what a laugh!

How twisted, it figures, the republicans would like to blame the democrats for all of the "failed economic policy" that got us in this mess. It took 8 years for the republicans to totally screw this country up and put us into a recession. Your right, it makes me sick that the republicans got us into this mess and want to blame it on the democrats!!! Accountability, who is in charge of the country... Bush! Republicans, stop whining and get off of the pot and do something about it!!! Fix the economic policy, do something about "fair trade" address the jobs being exported overseas, do something about the oil crisis, etc, etc, etc...

Based on Congressional accounting rules, at the end of Clintons presidency in 2001, Clinton reported a surplus of $559 billion.
WASHINGTON (CNN)9/27/2000 -- President Clinton announced Wednesday that the federal budget surplus for fiscal year 2000 amounted to at least $230 billion, making it the largest in U.S. history and topping last year's record surplus of $122.7 billion. "Eight years ago, our future was at risk," Clinton said Wednesday morning. "Economic growth was low, unemployment was high, interest rates were high, the federal debt had quadrupled in the previous 12 years. When Vice President Gore and I took office, the budget deficit was $290 billion, and it was projected this year the budget deficit would be $455 billion."
http://archives.cnn.com/2000/ALLPOLITICS/stories/09/27/clinton.surplus/


Look at the deficit under the Bush administration, 8 years, and $956 billon dollars later! Can't blame that on the democrats!
$400 billion deficit to greet Bush's successor
http://www.usatoday.com/news/washington/2008-02-04-budget-analysis_n.htm
Republicans, thank you for this: The estimated population of the United States is 303,825,336 so each citizen's share of this debt is $30,977.66. The National Debt has continued to increase an average of$1.60 billion per day since September 29, 2006! http://www.brillig.com/debt_clock/


http://www.usatoday.com/news/washington/2008-02-04-budget-analysis_n.htm
http://www.bea.gov/newsreleases/international/trade/2007/xls/trad0307.xls

http://electmikecrane.com/2007/may/trade_deficit.php
See orignal email!
Facts to remember!!
Hope this makes you as sick as it did me.

In just one year. Remember the election in 2006?
Thought you might like to read the following:
A little over one year ago:

1) Consumer confidence stood at a 2 1/2 year high;
2) Regular gasoline sold for $2.19 a gallon;
3) The unemployment rate was 4.5%.

Since voting in a Democratic Congress in 2006 we have seen:

1) Consumer confidence plummet;
2) The cost of regular gasoline soar to over $3.50 a gallon;
3) Unemployment is up to 5% (a 10% increase);
4) American households have seen $2.3 trillion in equity value
evaporate
(stock and mutual fund losses);
5) Americans have seen their home equity drop by $1.2 trillion
dollars;
6) 1% of American homes are in foreclosure.

America voted for change in 2006, and we got it!

Remember it's Congress that makes law not the President.
He has to work with what's handed to him.

Thursday, January 24, 2008

Tax Rebate Wrong For America

Solutions for our economy.

Tax rebate is the wrong move for our economy. We need to fix our economic policy.

Lets be real, this tax rebate is just an early tax refund and the government will take the rebate into consideration at the end of next year and we will get a smaller refund. If we are not in debt up to our eyes because we have lost our middle class jobs to Communist China and India, we may go to Wal-Mart and buy some products that were made in China, call tech support to talk to someone in India, and support other countries with our “early” tax refund.

Greenspan took interest rates up too fast to cool the economy, and policy worked and it really cooled the economy. Banks turned their backs on traditional banking policy and started to sell risky loans that could not be paid back.

The feds are lowering interest rates to help fix the economy so consumers will borrow more to spend more only to erode the remaining equity in their homes. People are trying to find halfway decent jobs but cant because we were exported them to Communist China and India.

We the Bush administration signed the “free trade” bill, it spelled real trouble in our economy is middle class jobs. The Bush administration turned the US economy into a true capitalist machine forgetting about our people and communities. The impact to the US economy has been devastating. The saddest day was when Etch-a -Sketch moved its US manufacturing to Communist China stating that it could not compete. Who do they compete with; they are Etch-a -Sketch?

We were so focused on “free trade” and forgot about “fair trade”. We did not learn from the 80’s when we were so indebt with Japan that Japan started to buy up us companies and prime real-estate. We don’t learn from our mistakes. What is happening with imports today with Communist China would be considered dumping in the 80’s.

If we look at the economic policy of the current Bush Administration, we can clearly see our economy shifting to Communist China and India. Just recently Communist China Replaces the U.S. as world's largest exporter. US companies have rushed to China to save a buck. We have exported our manufacturing; we have exported our middle class jobs. We have exported everything that supports our communities that our whole in structure is going to collapse.

It is time to rethink our economic policy and repair our economy. Switching to a global marketplace to support American productivity has been a direct attack on our economy, to our national security, our nation and our people. It’s time to rethink American policy and invest in our own country.

By W Mahar http://wethepeopleoftheunitedstates.wordpress.com