2010 and America’s Lost Decade
by
Captain Jack
Happy New Year to one and all. May this year bring you the financial relief and medical coverage you so deserve. Let’s take a quick look back at the past decade.
Let’s see, it’s January 2000. The economy is booming, the federal budget is in the black for the first time in decades, we were at a time of relative peace. We trusted our sciences and scientists, we had confidence in our banks. We had some control over our banking sector, even though Gramm-Leach-Bliley act had just been passed but the banking sector insanities hadn’t shifted into high gear, yet.
The middle-class American made almost $1700 more per year than today.
Oh, and did I say that we weren’t in the middle of two middle-eastern wars? Oh I did?
So, what, exactly, can you say that America saw in the past decade that was beneficial? Okay, sure, there were a few Peace Prizes, a few discoveries, oh, and we finally pulled the life support from a long gone dead woman.
You can say it is just a coincidence that these were the Bush years, but no one really believes that it was anything but Bush and the Republican politicians who benefited from everything that is now harming America.
Loading ...
Obama’s Big Deficit
Sunday, August 8th, 2010Obama’s Big Deficit
by
Captain Jack
I’ve heard one person after another explaining how Obama’s deficit is the biggest in history. I though I would look into this claim a little and see what I can find. Here’s is a quick graph from OffTheChartsBlog to show what the major contributors are to the deficit.
US Deficit
Take a look at the white area of the graph at the bottom. You see the small sliver of white? That is what the deficit would look like without the Bush years. In other words, take away the economic collapse Bush ushered in, take away the Bush tax cuts for billionaires, take away Bush’s misguided wars and what you have left is the small area at the bottom.
Of course, the TARP money is from the Bush years if you remember. TARP was already passed before Obama took office.
So, please, do yourself a favor and get in the habit of questioning the numbers and fears you hear spread by the right wing lie machine. It’s sole purpose is to take advantage of the uninformed. Don’t be one of them.
Tags: bush, capitalism, conservative, obama, rich, war
Posted in Finance, Politics | 8 Comments »