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Through 2008, average unemployment rate averaged 5.5 percent, consistent GDP Growth was nearly 4 percent and income tax revenues increased from approximately $1.75 trillion to $2.5 trillion dollars.
All the while, the Democrat Party whined "where are the jobs" while voting for any and every spending bill put before them.
The "Tax cuts for the rich" cries from the left, while an effective slogan like "hope and change," are just empty rhetoric not supported by the facts. Tax rate cuts, and you will notice that the term "rate" is never used by anyone, increased tax revenues over 30 percent while the "rich" paid more of the tax burden than ever before. Economic growth is the key, not punishing the creation of wealth that benefits every citizen.
While I disagreed with many decisions the Bush administration made, starting with their Democrat-lite RINO Policies, the ridiculous complaints from Obama and his minions about the last eight years causing today's problems only proves the short attention span of the Voting public and the power of the liberal attack machine currently known as the mainstream press.
Look no further than the Sen. Chris Dodd and Rep. Barney Frank caused Fannie/Freddie meltdown and the takeover of Congress by the Pelosi/Reid axis in January 2007 for the problems we face today. Unchecked and unsustainable liberal, or, should I say, progressive policies over the last 70 years have led us to the brink.
The failure of the Republican Party to counteract the welfare state mentality while letting the left frame the argument has done nothing but embolden the enemies of the Constitution while leading us down the road to serfdom. With every act of Congress, a little more of our freedom and liberty is eroded, while the ruling class solidifies its rule over every citizen.
In the meantime, enjoy the Obama/Biden "summer of recovery."
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Tuesday, November 2, 2010
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