Friday, October 10, 2008
Oh that Bush Economy
Tell me again about how Republicans are good for the economy. Tell me again how massive tax cuts for the richest of the rich leads to economic growth. Tell me again how having a "CEO" president would be good for the economy.
I sure am glad we didn't privatize Social Security like George Bush and the other idiots in the Republican Party wanted us to a few years back.
Oh, and remember the budget surplus we had at the end of eight years with a Democratic President? Remember that? Remember how Bush and Cheney talked up a recession in order to push through massive tax cuts? Well, Bush and Cheney sure got their recession. And despite the Republicans' ability to blackmail tax cuts out of Nancy Pelosi, tax cuts ain't the answer. If tax cuts worked, we wouldn't have a huge budget deficit and a stock market shedding almost 40% of its value in a year.
Tell me again about how Republicans are good for the economy. Tell me again how massive tax cuts for the richest of the rich leads to economic growth. Tell me again how having a "CEO" president would be good for the economy.
Over the last seven sessions, the Dow has lost 2,271 points, or 20.1%. Since hitting an all-time high of 14,164.53 one year ago today, the Dow has lost 39.4%.Yep, a 20% lost in a week of trading. As of the close of trading on October 9, 2009 the DJIA stood at 8,579.19. If things keep going the way they've been, we just might see a 50% drop in the DJIA in little more than a year. Yep, those massive tax cuts to the richest of rich sure are working.
I sure am glad we didn't privatize Social Security like George Bush and the other idiots in the Republican Party wanted us to a few years back.
Oh, and remember the budget surplus we had at the end of eight years with a Democratic President? Remember that? Remember how Bush and Cheney talked up a recession in order to push through massive tax cuts? Well, Bush and Cheney sure got their recession. And despite the Republicans' ability to blackmail tax cuts out of Nancy Pelosi, tax cuts ain't the answer. If tax cuts worked, we wouldn't have a huge budget deficit and a stock market shedding almost 40% of its value in a year.