"Robust Economy Proves That Republican Policies Are Sound"

[Rose Siding]

ing more like BS all the time

June 1st, 2006
The U.S. economy is strong. Republican policies have provided an atmosphere that has resulted in job creation, increased revenue and reduced budget deficits. The Economic Competitiveness Caucus will continue to support and advocate measures that will create high paying, high quality jobs for U.S. workers, reduce the tax burden on working Americans and those who create jobs and continue to press for holding the line on federal spending... - Kan. GOP Rep. Todd Tiahrt

Said BS meets Barney Frank-

Slipping Into a Sub-Par Economy
June 2nd, 2006

The reality of job creation during the Bush Administration has never reached the Administration’s claims, and today’s low number for the second month in a row means that we may be slipping below the sub par results we’ve seen to date.

At no point in this Administration have we achieved more than a few months of the 200,000 new jobs per month that the Administration predicted. 200,000 jobs per month represent the low end predictions as a result of the tax cuts, and now we appear to be slipping further below these sub par results.

Unfortunately, even in the few months when the Administration’s jobs target has been achieved, real wage growth has been nonexistent, as Secretary Snow was forced to acknowledge when he testified before the House Financial Services Committee in May.

The President professes to be puzzled by the lack of enthusiasm among a majority of Americans for his economic results. The combination of no wage growth and sub par job creation should provide him with an explanation.

[Deja Q]

1. All is true barring one aspect:

The U.S. economy is strong. Republican policies have provided an atmosphere that has resulted in job creation, increased revenue and reduced budget deficits.

The deficits are not improved, but globally there has been job creation and much revenue growth.

The economy isn't about the American middle class, regardless of how much the media preaches that exaggeration.

[987654321]

8. I used to be part of that middle class that gets spoken about.

This "robust" economy has kicked my ass!

[Vincardog]

2. The fact that the MIS-administration has to use Enron's accounting

principals to achieve the claimed growth might have something to do the with lack of enthusiasm among a majority of Americans,

Edited to add that the American economy is all about the American middle class.

[stevietheman]

3. Where's this "robust economy" Republicans are speaking of? n/t

n/t

[HughBeaumont]

4. All I gotta say is:

[Vickers]

11. Are his front teeth dead?

:shrug:

[OneBlueSky]

5. maybe . . . OR it could be that $3.2 trillion that BushCo is . . .

printing up and pumping out . . .

you know, the dollars we don't know about because they don't post the M3 figures anymore . . .

[orwell]

6. What do you expect...

...with the massive amounts of stimulous that have been injected by the twin deficits and the unprecedented borrowing by consumers against rising home prices. Just the internal and external deficits alone represent over 10% of GDP when you account for the borrowing against SS and the off budget war expenditures.

An yes, the glories of the <highly subsidized> free market. Leave it to those whacky notax and spend RCons's to spread elephant dung all over everything and call it fertilizer...

[xxqqqzme]

7. I didn't know things were going so

swimmingly in Kansas? People must be streaming in2 the state seeking those jobs.

[Downtown Hound]

9. Yeah, because the economy sucked so much under Clinton

Thank God those Republicans came along and got rid of all those nasty budget surpluses and stuff, and replaced it with this credit card economy we're all enjoying now. Yep, those Republican principles sure are sound.

Do I really need to add the sarcasm logo?

[sendero]

10. "The economy is strong the economy is strong" pwaaakk...

...like a delusional parrot, the GOP talking heads and their media lap dog ass lickers continually spout the line "the economy is strong", but no realistic evaluation of the overall economy would come to such a conclusion.

The American public is becoming inured to the continual stream of bullshit lies coming from both the administration and its media minions. A simple glance at the consumer confidence numbers, much less anything concrete like real wage growth (oops, it's not growing it's ungrowing :)) real inflation, actual employment etc just give Joe Six Pack one more reason to believe, correctly, that they are all a pack of liars.

[flaminbats]

12. Is this supply side economics?

http://www.answers.com/topic/supply-side-economics

"economic theory that concentrates on influencing the supply of labor and goods as a path to economic health, rather than approaching the issue through such macroeconomic concerns as gross national product. In the United States during the 1980s, supply-side economics was associated with conservative proponents of the free-market system. Such measures as tax cuts and benefit cuts to the unemployed are basic supply-side tactics, with the intention of increasing the incentive to work and produce goods and services."

Benefits for the unemployed and taxes on wealthy corporations have been cut. Now where is the growing supply of goods and services? Where are the lower prices and decreased cost of living? Where is the increased incentive to work or benefits for those now busting their butts in the workplace? Where are the promised increases in government efficiency and revenue?

Supply side economics..does cutting taxes really increase the incentive to work? A progressive income tax never produces a net loss for the wealthy and it doesn't reduce the incentive to make more money. The incentive to make more money and to be employed will always exist. But the ability to work may not exist, and too often the cost of living is greater than most the vulnerable can afford. Republicans love to claim that increasing taxes will only result in dropping revenues and higher deficits, but they'll never see the connection between increasing demand and higher prices! :puke: