Democrats saved the economy. Republicans tried to kill it.

[kpete]

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The decade-long budget sequester Republicans extorted as the ransom for releasing their debt-ceiling hostage is taking a bite out of the economy. The financial analysis firm Macroeconomic Advisers put the damage for fiscal year 2014 at 1.2 million jobs lost, or a 0.8 percent bump in the unemployment rate. Steep reductions in the IRS budget over the past five years have cost the Treasury tens of billions of dollars in uncollected tax revenue. (The "tax gap" due to tax evasion, cheating and fraud is now roughly $500 billion per year chasm between what American individuals and businesses owe Uncle Sam and what they actually pay.) The GOP's penny-wise, pound-foolish approach to the IRS guarantees needlessly large budget deficits and unnecessarily painful spending cuts. With their furloughs and funding delays, Republican government shutdowns only make matter worse.

All of which is why Mitch McConnell and his Republican co-conspirators not only shouldn't get any kudos for America's improving economic outlook. The president and the Democratic Party should get all the credit—and then some—for what could rightly be called "the Obama Economic Miracle." After all, Obama and his Democratic allies in Congress didn't just bring the nation back from the greatest financial crisis since the Great Depression. He rescued the American economy despite unprecedented Republican opposition on Capitol Hill and draconian austerity policies in the states. And Obama achieved all this in the face of an ongoing conservative disinformation campaign, propagating the myth that he "made the economy worse."

For his part, Paul Krugman explained why neither Obama nor any other president can ever fully claim full credit for an accelerating economy. But as he rightly concluded:

Can we nonetheless say that we're doing better than we would be if the other party held the White House? Yes. Do those who were blaming Mr. Obama for all our economic ills now look like knaves and fools? Yes, they do. And that's because they are.

too many links, graphs, etc to post
just go HERE:
http://www.dailykos.com/story/2015/01/11/1356534/-Democrats-saved-the-economy-Republicans-tried-to-kill-it#comments

[belzabubba333]

1. title backwards and incomplete

republicans destroy economy, democrats saved the economy, american people vote republicans back in