Doc - how come the "anti-business president" is creating jobs every month while your "pro-business president" was shedding 700,000+ every month when he left office? How does that work?
The wing nuts used to call Clinton anti-business, especially when he raised taxes in 1993 (you remember - the bill that balanced the budget). 20,000,000+ jobs were created under the Clinton Administration.
How many jobs created under Bush? Uh, roughly ZERO.
Let's talk about this "deficit" thing and "jobs".
You keep citing the Bush deficit and while yes the Conservatives lost their way and spent too much money, the vast...vast majority of the last Bush deficit was from TARP and as a consequence of the financial meltdown. Let's argue about how the Liberal entitlement policies caused the meltdown another time.
The point is that to argue, as you do, that the Conservatives left a legacy of deficits causing the PRESENT deficits are just ridiculous, even for a Liberal to argue. The grand stimulus and the refusal to return TARP money, both decisions of this administration, are a large source of our current deficit as are decreased business activity and reduced tax receipts (in part a residual of the financial crisis). My point, and Crammers point is that the reduced economic activity of the financial crisis should have run its course, except the hostile environment created by this no nothing administration has prolonged our misery. Look at the previous deficits, not the last Bush deficit. Look at the present deficit and the deficits as far as the eye can see.
Lastly, one needs to be a fool not to drive around and see vacant signs and reduced traffic and not realize that our country is at standstill. The only jobs being created are in the government. You are being disingenuous to argue otherwise.
Capitalism light, the Bush administration, provided FULL EMPLOYMENT, or are you going to argue about the 5% (in general) unemployment rate during the last several years verses our current 10%? No wonder you don't question global warming.
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My oh my! I'll do my best not to get a big head after having a post named after me, me, me!
We agree that Bush and the GOP completely screwed up when they had power.
Bush handed Obama a $1.3T deficit. Facts is facts and it is a very fair argument. The budget was and is affected by the Bush Collapse - it's expensive to intentionally blow off regulation and let the markets run amok. The chickens came home to roost, the cost of government materially increased and revenues have gone down. Thank you, GWB.
Obviously, that circumstance did not magically change on January 20th last year. Obama was left to clean up the Republican's mess. Better yet, he had to do it with Republicans second guessing every sweep of the broom!
Yes, I see the vacancy signs. Our country is in very bad shape - a direct consequence of Bush and the GOP Congress. Their ineptitude over six years cannot be cleaned up in 18 months. Sorry - It doesn't work that way. I trust the Dept of Labor's national numbers more than your anecdotal observations in metropolitan Phoenix. We do have private sector job growth, albeit fragile. Again - our 9.5% unemployment rate is compliments on Bush & the GOP. Full employment will come the further we get away from that calamitous era.
We are in a virtual debt trap. We need deficit spending to get the economy back on track and bring unemployment down. However, thanks to the accumulated debt of Reagan/Bush and structural deficit of Bush, we risk a devastating loss of confidence in the financial markets if our red ink continues unabated. So - what should the scope of our austerity plan be? If we raise taxes and cut spending too much and too fast, we risk a rerun of the '30's. If we do nothing, we could eventually look a little like Germany in the '20's. We have to walk a fine line and it will be a hard road for the next twenty years or so.
The "Starve the Beast" bunch have accomplished their mission by reducing the options and capacity of government. Once again, many thanks to the GOP!
In Baxters world it is always the GOP or Bush or Regan, never anyone else, especially the Big O or Freddie or Fannie for cooking the books and hitting the housing market hard...it is no wonder we can never get it right in Washington nobody is willing to work together for the common goal
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