A Simple Fact: Republicans Can't Manage the Economy
My name is Laurent Tourtois and I'm a professional in the field of investment banking.
In the discussion of the cause and implications of the current global crisis it is important to know that this global crisis was artificially created by three investment banks using money market funds.
By repeating substantial money market transmissions with Asian-based money market funds several global currencies were destabilized;the motivation to create a political climate suitable to introduce the NWO and a new global currency is evident.
The conclusions of the G20 summit basically proof my point
President Clinton boosted the US economy whereas Bush totally destroyed it.The cost of War in Iraq had exceeded 3 Trillion dollars.Thanks to American tax payers whom Bush wasted their money.President Obama is not held responsible for the crimes and economic offenses of Bush.
Bill Clinton did not do anything for the economy. The economy goes in peaks and valleys. There was good economic growth under Bush. His tax cuts worked.
The banking problem was started under Clinton. The government forced banks to give loans to people who had not business getting a loans
How do you give a person an income tax cut who pays no income tax?
I agree you can't really blame Obama or Bush for the economy because the President of the United States does not run the economy.
Does the government give contracts to business for jobs, yes. However, the government does not control the economy. It is a proven fact the only thing the government can do to help the economy is lower taxes and lower intrest rates. In reality the best thing the government can do for business is nothing.
I hear people complain about tax breaks for the rich. It is a fact that the rich pay the majority of taxes. Also a decent percentage of these people own a business. If you over tax business the business can't hire anyone thus hurting the workers.
I hear some people complaining about oil companies. The reason why gas prices are high is due to supply and demand. What the United States needs to do is drill for more oil and develop other forms of energy. This is a problem that should have been taken care of 10-15 years ago. Everyones hero Bill Clinton did not do anything to solve this problem. Taxing oil companies is not going to solve the problem either
Everything you said is wrong. The stock market is great because we kill and that takes money which we give to the war profiteers. This has been one of the weirdest economies because the market goes up, but the employment goes down. It all has to do with our complicit support in our IRA's from our jobs we had when Clinton was in office. Our life's savings are connected to the stock market, and they want our Social Security too. Our great Ronald Reagan was a complete idiot. Ketchup is a vegetable. So many lies that the press just threw up their hands. No legitimate biographer could have a coherent conversation with him. He allowed an illegal war that killed innocents, that was financed by drugs that was sold to his own people, that destroyed communities here and has created a living hell in places like Mexico (beheaded policemen) , countries in Central America (violent gangs of former soldiers), and Haiti (vestiges of drug smuggling). And he got away with it with the feeble replies to questions that he could not remember authorizing his subordinates to commit crimes although proof was at hand, his Alzheimers showing then.
Bush has signed in bills that have destroyed the good works of St Roosevelt, that have spread its pain world wide. Banks are being taken over by the Feds, huge bank losses are felt in Scotland, and everywhere else that took the word of our financial brokers, people are going homeless, our consumer buying binge is gone, food banks are serving more people with less food. It's so bad even our major media can't ignore it. What planet are you living on, Dirty Harry?
Ken Driessen
at_lib@hotmail.com
So according to Blue over half of the money spent by our fascist illigitimate government goes through the Pentagon has nothing to do with lining the pockets of war profiteers and merchants of death? Economy, you moron? Since you have accused me of not working or paying taxes before it is your money that is going to subsidize oil executives billions in personal profit. Deny birth control and abortion to women because it is more profitable and fun for the alien nephelem, bad spawn that control our government to torture and kill people after they are born! What a wonderful country UFRA(USA)= Undenyably Fascist Republic that once was America!
Ken Driessen
at_lib@hotmail.com
Well the alien nephelem part is a bit theatrical for a Scientific Naturalist(Pagan) like me but, it is obvious that the war profiteers do not consider the "ememy", as smirk spawn Bush calls the women and children he kills daily, are not his brothers and sisters. Thier actions speak for themselves. I'm sorry to Remy and all that I have been off line and sometimes get dial up access right now so I cannot reply to comments to the extent I would like to. Again, when leaders are against birth control and for profiting from cluster bombs, depleated uranium bombs, land mines, on and on all to kill women and children in the name of protecting UFRA (united fascist republic that once was Amerika) from enemies like CIA installed Saddam and CIA funded Osama Bin Laden. Please go to youtube and listen to Iris Dement: Wasteland of the Free. I normally do not worship or idolize celebrities, but I love Iris with my heart and soul.
The government does not control the economy. It is business and consumers who control the economy. The only two things government should do to help the economy is lower taxes and lower intrest rates. If anything the government does more to hurt the economy like over tax and over regulate business. In reality the best thing government can do for business is nothing.
The economy goes in cycles. Anyone who think a president or any elected offical can save the economy is crazy.
DirtyHarry thank you for speaking the truth.
As someone who voted for Geoge Bush I absolutely am angry he has refused to veto any budget busting bill, and there have been plenty! However, his tax cuts have helped bring about a booming economy. The economy when he entered office was in the dumps, but shortly after the tax cuts were enacted the economy started to respond. And now, seven years later the economy is still growing at a healthy rate. Unemployment is at record low levels; GDP is overall good; inflation is low. All in all things are good. If Congress would permanently enact the tax cuts we would see growth kick in even more as businesses would know how to plan better. The biggest mistake Bush has made is not holding the line on government spending. His lack of backbone in using the veto has hurt the economy.
Truth: As our great President Ronald Reagan demonstrated tax cuts work! Even President Kennedy proved that tax cuts grow the economy. Tax receipts grow whenever you cut taxes. It has been proven time and again.
By Robert Weiner and John Larmett
August 20, 2007.
Contrary to the mythology the party has created, GOP presidents are terrible for business.
At last week's news conference, President Bush again said that he's reduced the deficit to $239 billion, created 8 million jobs and generated unemployment at a low 4.5%. He said the economy is strong, largely due to his tax cut policies. On the other side, Rep. David Obey (D-Wis.), House Appropriations Committee chairman, has complained of our limited resources now because of Bush's "gargantuan deficits he created with that stupid war and those stupid tax cuts paid for with our money."
There is a widely held belief that Republicans are better for business than are Democrats. Let's look at the facts. The wild stock market ride of recent weeks does not compare to the two worst stock events, the crash of 1929 and the 1987 free fall, which also occurred under Republican administrations. Since 1900, Democratic presidents have produced a 12.3% annual return on the S&P 500, Republicans only 8%. Gross Domestic Product growth since 1930 is 5.4% for Democratic presidents and 1.6% for Republican presidents.
Bush inherited from President Clinton an annual federal budget surplus of $236 billion, the largest in American history. Clinton balanced the budget for the first time since 1969. Budget surpluses were expected to total $5.6 trillion between fiscal year 2002 and 2011.
Despite this, Bush transformed the surpluses into a $1.1 trillion annual deficit in just three years because of the Iraq war and his relentless push for permanent tax cuts for wealthy Americans, a new iteration of Herbert Hoover's equally catastrophic "trickle-down" theory. Bragging about a $239 billion deficit sets such a low standard that Bush can claim horrific failure as a good thing for the country. The Bush administration's annual loss of three-quarters of a trillion dollars is unprecedented. Bush presided over the loss of 2 million American jobs in his first 2 1/2 years and has net gained 5.6 million in six years, the worst since Hoover. Clinton created 23 million jobs.
It's not rocket science to figure out the difference. Clinton: tax breaks for the middle and lower incomes who actually spend the money, no Iraq war. Bush: disproportionate tax breaks for the wealthy (50% to the wealthiest 1% by 2010), $750 billion for a war monetarily benefiting only a few military contractors and a financial sieve for the country. Democratic presidents spread the wealth through spending on needed social programs and targeting tax cuts to lower- and middle-income Americans, stimulating the economy more broadly. Republicans pump into defense contractors and high-income Americans, creating a significant detriment to the whole economy with larger deficits and higher interest rates.
Economist John Maynard Keynes was right in 1936: When you "prime the pump" into people programs (like jobs or lower income tax cuts to help Americans buy what they need), you get people results. On the other hand, when you move money from the economy into tax cuts for the rich and a military vacuum, you don't prime the economic pump; you deplete it. ...
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Has the Dow hit 15000 yet? Anyone who has been on vacation this summer -- perhaps you went to Mars -- and just got back would think so, considering our president's hard work (though he is off half the summer himself). Cuttin' taxes is hard work. Denyin' child'ens health insurance is hard work. Gettin' ready for my daughter's wedding is hard work.