THAT IMPROVED THE ECONOMY!
THAT CREATED 40 MILLION JOBS!
Under Reagan and Clinton, the recessions were accompanied by growing deficits as well, same as now, and they both faced the wrath of the elite, same as now, but they did it!
Ronald Reagan enacted the LARGEST TAX INCREASE IN AMERICAN HISTORY--$100 BILLION additional taxes were collected from individuals and businesses by the Treasury.
YES, MIDDLE-CLASS AMERICANS WERE HIT THE HARDEST, AS THEY USUALLY ARE, BUT...
LESS than one year later, the economy began to emerge from its recession, job losses stopped, and unemployment began to recede.
Nearly 17 million new jobs were created by the end of Reagan's term.
JUST GO LOOK AT FACTUAL DATA!
Clinton, in 1993, signed the NEXT largest tax increase in American history, and on top of George 'HW' Bush's a couple of years earlier. Yes, DADDY BUSH ALSO RAISED TAXES, REMEMBER?
After Clinton's 1993 tax increase on the wealthy, job growth began, and by the end of Clinton's term 23 MILLION new jobs had been created. Twenty-three million new jobs!!!
REAGAN FOUND AMERICA 17 MILLION NEW JOBS, CLINTON ADDED ANOTHER 23 MILLION, BOTH WHILE RAISING TAXES, BOTH WHILE IN RECESSIONS, BECAUSE THAT WORKS!
It worked for Ronald Reagan. It worked for Bill Clinton.
I REPEAT: Together, following their tax increases, nearly 40 MILLION new jobs were created. Bill Clinton even generated budget surpluses! WE HAD A SURPLUS GOING INTO 2001!!!
WHAT HAPPENED NEXT? TAX-CUTS FOR THE WEALTHY!BUSH2 , "w", CUT TAXES AND 8 MILLION LOST JOBS WAS THE RESULT OF HIS TAX CUTS! NATIONAL DEBT DOUBLED, WE LOST 8 MILLION JOBS!
OVER 450 AMERICAN ECONOMISTS, INCLUDING 10 NOBEL LAUREATES TRIED TO TELL BUSH NOT TO DO IT, BUT HE DID IT ANYWAY! Akerlof, G., Arrow, K. J., Diamond, P., Klein, L. R., McFadden, D. L., Mischel, L., Modigliani, F., North, D. C., Samuelson, P. A., Sharpe, W. F., Solow, R. M., Stiglitz, J., Tyson, A. D. & Yellen, J. (2003). Economists’ Statement Opposing the Bush Tax Cuts." (PDF). Archived from the original on December 14, 2006. Retrieved 2007-10-13.]
450 ECONOMISTS VERSUS BONER'S [BOEHNER'S] TWO?
WHAT'S WRONG WITH THIS PICTURE?
GO LOOK UP THE STATS!
FOR THE ABSOLUTE BEST DOCUMENTED PIECE I HAVE YET TO FIND ON THE LIES WE'VE ALL BEEN TOLD BY THE REPUBLICANS, GO READ THIS, IF YOU CARE ABOUT TRUTH AT ALL:
http://www.perrspectives.com/blog/archives/002575.htm ,August 30, 2012
THE AUTHOR OF THIS ARTICLE DID A LOT OF HOMEWORK!
FROM THE REPUBLICANS OWN MOUTHS, FROM MSMs AND MAGAZINES THAT USUALLY RAVE ABOUT THE GOP, TO GOVERNMENT CHARTS, ETC, HERE IS PROOF THAT WE'VE BEEN HAD ALL THESE YEARS!
'15 Things the GOP Doesn't Want You to Know About Taxes and the Debt' WILL BLOW YOUR SOCKS OFF!
THAT SOUR-FACED, TRUTH-HIDING "BONER" [YES, I KNOW ITS BOEHNER AND HOW HE PRONOUNCES IT <SHUDDER!> ] HAS USED A FALSIFIED "STUDY" TO SHOW HOW BAD OFF AMERICA WILL BE IF HIS RICH BUDDIES, IF INDUSTRIALISTS, IF HIS WALL STREET CRONIES HAVE TO START PAYING A FAIR SHARE OF TAXES.
HE'S USED SCARE TACTICS AND MANIPULATED "DATA" TO MAKE GULLIBLE AMERICANS QUIVER AND SHAKE AND SCREAM THAT THE TAX-HIKES WILL DESTROY THEM!
THAT IS A BARE-FACED, ABSOLUTELY PROVABLE LIE, AS THE FACTS ABOVE FOR REAGAN AND CLINTON ILLUSTRATE!
HE'S A LIAR!
LET HIM DESPISE WHOM HE PLEASES, BUT LET HIM JUST ONCE COME CLEAN WITH AMERICANS!
HE'S AGAINST TAXES FOR THE RICH, FOR THE SUPER-RICH, ACTUALLY, FOR THOSE WHO MAKE OVER $5 MILLION A YEAR!
HE POINTS TO THAT SAME DISPROVEN "STUDY" BY 'ERNST AND YOUNG'. ONE LONE STUDY THAT BIG BUSINESS PAID FOR!
ISN'T THAT LIKE ASKING A ROBBER IF HE TOOK THE LOOT, WHEN BIG BUSINESS PAYS FOR A 'STUDY' WHILE AVOIDING HIGHER TAXES?
(BTW: An IN-DEPTH analysis by Jason Furman, Principal Deputy Director of the National Economic Council, highlighting the major flaws, errors and misleading statements in the study can be found along with analyses of many other "economic gurus" all over the internet. GO LOOK!)
<< the Treasury economists have another important finding: The sooner we get rid of the tax cuts, the better it will be for the economy. Specifically, they found that national output would be 0.9 percent higher in the long run if we let them expire in 2010 rather than allowing them to continue along, forcing us to face even bigger tax increases in the future to make up for all of the added deficits and debt.
The Treasury report probably won't change the minds of supply-siders, coming as it does on top of 25 years of similar findings by economists. But it should help convert Democrats into true believers in dynamic analysis.>>HERE'S WHAT "BOENER" NEVER POINTS AT:
Ernst and Young prepared the report on behalf of SEVERAL PROFESSIONAL BUSINESS GROUPS, YOU KNOW, THE ONES WHO SPEND HUNDREDS OF MILLIONS LOBBYING CONGRESS FOR FAVORS!
READ THEIR NAMES, SOME OF THE ONES WHO PAID FOR THIS "STUDY"!
$ The Independent Community Bankers of America
$ The National Federation of Independent Business
$ The S Corporation Association
$ The United States Chamber of Commerce (A HUGE "CLUB" FOR BUSINESS!)
One of the co-authors, Robert Carroll, served as deputy assistant secretary for tax analysis in George W. Bush's Treasury Department! BUSH2!!! ANALYZE THAT!
THE REPUBLICANS REFUSE TO COMMENT ON THAT! THEY DON'T WANT TO ADMIT THE STUDY IS A SHAM ALTHOUGH IT'S BEEN HACKED TO PIECES AND LAUGHED AT BY MORE HONEST FINANCIAL MINDS SINCE IT CAME OUT!
IT'S A JOKE....ON MIDDLE-CLASS AMERICANS!
ARE YOU LAUGHING YET? ARE YOU?
TAKE NOTE!!! WHEN CLINTON RAISED TAXES ON THE SUPER-RICH, HE GOT THE NATIONAL BUDGET BACK IN THE "BLACK" FOR THE FIRST TIME IN MODERN HISTORY!
RAISING TAXES ON THOSE WITH MEGA-MILLIONS A YEAR INCOMES IS JUST GOOD FISCAL INTELLIGENCE! IF WE EVER HOPE TO GET OUT OF THE "RED" THE BOYS IN THE TOP 2 PERCENTILE OF WEALTH WILL HAVE TO SHELL OUT LIKE THE REST OF US!
EVEN TWO OF THEIR WEALTHIEST, BUFFET AND GATES, SAID SO!
WHAT'S WRONG WITH CONGRESS' RICH BOYS?
ARE THEY AFRAID HIGHER TAXES WILL IMPACT THEIR OWN PORTFOLIOS???
IT DOESN'T TAKE A ROCKET SCIENTIST TO READ THAT STUDY 'BONER' KEEPS TRYING TO LEGITIMIZE AND SEE THE FLAWS AND THE TILT IN FAVOR OF BIG BUSINESS AND ITS SHAREHOLDERS!
The study's bias is obvious, the blatant flaws in the methodology scream from its pages to even a first-year student of economics, it's a "Mickey Mouse" piece of work, it's ludicrous, and its purpose is clear: Republicans are conning middle-class and lower income Americans into remaining the servants, the serfs, the peasant labor force to the super-rich!
TAKE NOTE!!! POLITICIANS LIKE TO REFER TO THEIR PET "STUDIES" BECAUSE THEY KNOW FULL WELL THAT LESS THAN 2% OF AMERICAN VOTERS WILL GO LOOK THOSE UP AND READ THEM! THEY KNOW HOW LAZY AND GULLIBLE THEIR CONSTITUENTS ARE! THEY PAY PEOPLE TO SEE HOW LAZY AND HOW GULLIBLE!
ANYONE with access to government websites can find what the Republicans are balking over, WHAT THEY DON'T WANT YOU TO FIND OUT...IF THEIR BUDDIES GET THE PLUG PULLED ON THOSE TAX LOOPHOLES, THEIR BUDDIES WILL HAVE TO SHELL OUT AROUND $850 BILLION, THEY WILL HAVE TO START PAYING IN INSTEAD OF TAKING FROM THE REST OF US!
ADD THAT $850 BILLION TO THE $85 BILLION THE BIG BANKS GET EVERY YEAR FROM AMERICAN TAXPAYER FUNDS IN SUBSIDIES , AND ADD IN THE MEGA-MILLIONS STOLEN FROM SOCIAL SECURITY AND MEDICARE EVERY YEAR, IN THE FALSE NAME OF "BORROWING", AND YOU CAN SEE HOW AMERICA JUST MIGHT START CLIMBING OUT OF THIS HOLE WE'RE IN!
ABOUT A TRILLION DOLLARS COULD BE IN OUR COFFERS, AMERICA'S COFFERS, NOT INDUSTRY'S, NOT IN THEIR SHAREHOLDERS' WALLETS, IF THE RICH WOULD PAY OUT WHAT THEY SHOULD AND STOP BEING MOOCHERS, LEECHES ON THE TIRED BODIES OF US "LITTLE GUYS"!
Guess who has almost never failed to weaken worker safety regulations and collective bargaining rights under the Occupational Safety and Health Administration (OSHA) and the Department of Labor throughout their time in office?
Guess who has never shown remorse for the environmental catastrophes caused by the companies of their rich little pals? BUSINESS PROFITS AT ANY/ALL COSTS!
Guess which "wing" has always flapped for WALL STREET at the expense of workers' incomes FALLING while those they work for make record PROFITS?
Go ahead, GUESS!
Guess whose idea NAFTA really was, the NAFTA which closed American factories and sent jobs overseas? Guess? (Hint: NOT Clinton nor Demo-cats!)
The starting point for NAFTA actually began with President Ronald Regan.
In 1979, while officially declaring his candidacy for President, Ronald Reagan proposed a “North American Agreement” which he said, will produce “a North American continent in which the goods and people of the three countries will cross boundaries more freely.”
Canadian Prime Minister Mulroney agreed with Reagan to begin negotiations for the Canada-U.S. Free Trade Agreement (FTA), which was signed in 1988 by both leaders, REAGAN AND MULRONEY, AND it went into effect in 1989, APPROVED BY CONGRESS! (Source: NaFina, NAFTA Timeline,)
By 1992 the FTA (free trade agreement) was pushed aside.
What people have misunderstood is that NAFTA was actually signed by President George H.W. Bush, along with the Canadian Prime Minister Brian Mulroney and Mexican President Salinas WHO ALL SIGNED in San Antonio, Texas, on December 17, 1992.
(Source: History.com, NAFTA Signed into Law, December 8, 1993.)
So not only did "Saint Reagan" raise taxes on middle class Americans to placate to his Corporate donors, he gutted the middle class by initiating an agreement that would grow into the monster that has virtually killed our standard of living.
EVEN WIKIPEDIA KNOWS "HW" BUSH SIGNED NAFTA, CLINTON MERELY SIGNED THE LAW THAT CONGRESS PASSED AFTER THAT, DAMN HIM!
YOUR CONGRESS RATIFIED NAFTA!
The House of Representatives approved NAFTA on November 17, 1993, 234-200, 132 Republicans and 102 Democrats.
NAFTA passed the Senate 61-38. Senate supporters were 34 Republicans and 27 Democrats.
Republicans (AND ALSO DEMOCRATS, LOOKS LIKE, HMMM?) will do anything to protect those who contribute MOST to their despicable "campaigns"...read that as SELL-OUT sessions!
They would throw all of us under the bus to protect the highest earners in America, to protect the banks, the giant corporations, the ones who fund the WAR MACHINE AND THEIR PERSONAL "WAR CHESTS", from contributing one thin dime toward deficit reduction!
THEY ARE NOTORIOUS FOR THIS, AND FOR ADDING PORK TO EVERY BILL THEY COOK UP! (DEMOCRATS ARE NO BETTER!) THEY SCRATCH THE BACKS THAT SCRATCH THEIRS, AND AS THE ELECTION SHOWED US, THEY DON'T PLAY TO THE LOWER CLASSES, THE "47%" AS ROMNEY CALLED THOSE WITH NO VACATION HOME IN THE HAMPTONS AND NO STOCK PORTFOLIOS, THE ONES WHO ARE BREAKING THEIR BACKS CARRYING THE BANKS, WALL STREET, AND ALL THEIR BUDDIES, NOR DO THEY GIVE A HOOT WHEN AMERICANS LOSE JOBS SO THE RICH INDUSTRIALISTS CAN GO OVERSEAS AND PAY A DOLLAR A DAY TO THIRD-WORLD NATIONS PER LABORER, OR TO DESPERATE NATIONS TO DO AMERICAN JOBS FOR ALMOST NOTHING!
THE PROFITS OF THE CORPORATIONS INCREASE BECAUSE THEY SEEK OUT WILLING WORKERS WHO WILL WORK FOR A DOLLAR A DAY! AND THEN THEY RAISE PRICES ON THEIR CHEAPER-TO-MAKE GOODS IN AMERICA!
DO YOU LIKE THAT? DO YOU?
IF YOU EVER READ THE BILLS SPONSORED BY REPUBLICANS YOU WOULD SEE ALL THAT I AM STATING HERE IS TRUE, IT'S SIMPLY TRUE! (AGAIN, DEMOCRATS ARE SURE AS HELL NOT INNOCENT!) JUST START READING THE BILLS!
I am NOT defending the "Demo-cats", not one wee bit, because they have LIED to America as much as the other bunch, but blind, politically ignorant Americans have closed their eyes and stuck their fingers in their ears long enough!
MOST POLITICIANS WOULD STEAL PENNIES OFF A DEAD MAN'S EYES TO HELP OUT THEIR CAMPAIGN FUNDERS, TO FRENCH-KISS WALL STREET! THEY'D DO ANYTHING TO KEEP THE ULTRA-RICH HAPPY AND CONTRIBUTING TO THEIR REELECTION, AND THEY HAVE DONE JUST THAT FOR MANY DECADES!
IT'S A MATTER OF HISTORY! GO LOOK!
LOOK AT WHAT THE REPUBLICANS ARE SAYING, IN THEIR OWN GREASY WORDS:
"[I]f things stay as they are, and all the players are generally the same ... finding a responsible reform for Medicare is the secret to unleashing very productive talks that would put in place a balanced solution to our fiscal problems,” Sen. Bob Corker (R-Tenn.) said. “If you deal with the Medicare issue, then Republicans are far more open to looking at revenues.”
DID YOU 'HEAR' THAT?
IT'S NOT MEDICARE! WE ALL PAY INTO MEDICARE, SENATOR BOB,YOU IGNORAMUS! IF WE PAY IN AND YOU LEAVE THAT MONEY ALONE, IT GROWS INTEREST! STOP RAIDING MEDICARE AND SOCIAL SECURITY TO FUND YOUR STUPID WARS AND WE'LL ALL GET BACK WHAT WE PUT IN, MAYBE!
<<Asked about President Barack Obama's call to raise the minimum wage, Speaker of the House John Boehner said small businesses would be less likely to hire low-skilled workers if it cost them more to do so.>>
LIAR! FACTS SAY DIFFERENT! SEE CLINTON/REAGAN'S PLANS!
HIGHER WAGES MAKES THE ECONOMY BETTER FOR THE MAJORITY OF AMERICANS! PROVEN HISTORICAL FACT!
MAYBE HE DOESN'T WANT THE "LITTLE MAN", THOSE "47%" TO IMPROVE THEIR LOT IN LIFE, DO YOU THINK?
"BONER" IS TOO WORRIED FOR HIS FAT-CAT PALS, AND HIS OWN TAX BREAKS!
LISTEN TO HIS LIES/SCARE TACTICS RIGHT HERE!
GOP DARLING, RICK SANTORUM:
"'Well, higher-income people don’t have to pay taxes if they don’t want to because they can move their money somewhere else, they can move their investments. They can stop investing. They can stop working. They don’t need to work. They’re higher-income people.'”~ From a speech in Miamisburg, Ohio. Video here: http://www.rawstory.com/rs/2012/03/05/santorum-higher-income-people-dont-have-to-pay-taxes/
THE OTHER RICK, PERRY SAID:
“Absolutely, I’d vote against it. Get people to work.”
- Rick Perry when asked by CNN if he would vote AGAINST, YES, AGAINST extending the payroll tax cut and the soon to expire unemployment benefits extension.
BUT NAFTA AND MEGA-CORPORATIONS MOVED ALL THE JOBS TO CHINA AND INDIA, RICKY BOY! TWO WARS AT THE SAME TIME BANKRUPTED SMALLER BUSINESSES THAT HAD NO GOVERNMENT CONTRACTS!
GET PEOPLE TO WORK?
WHERE, RICKY, CHINA??? FOR LESS THAN A DOLLAR A DAY???
NEWT GINGRICH wanted poor kids to work, KIDS, YOUNG KIDS, not just teens!
NEWT said child labor laws are stupid! In a November 2011 appearance at Harvard's Kennedy School of Government:
And again in Iowa...Poor Kids are Lazy!
MICHELE BACHMANN wanted us to be more like communist China. SHE ACTUALLY SAID THAT AMERICANS NEEDED TO BE MORE LIKE THE CHINESE!
“'The ‘Great Society’ has not worked and it’s put us into the modern welfare state. If you look at China, they don’t have food stamps. If you look at China, they’re in a very different situation. They save for their own retirement security…they don’t have the modern welfare state and China’s growing."
THEY ALSO THROW BABIES OUT ON GARBAGE PILES, AND HAVE 'CANCER VILLAGES' TO DUMP THEIR SICK IN , 'SHELLEY', AND THEY HAVE VERY LOW WAGES! SOUNDS LIKE YOUR KIND OF PLACE! MAYBE THEY'LL JOIN THE GOP???
03 October, 2011, House Majority Leader Says NO to American Jobs Act Vote
Washington (CNN) - House Majority Leader ERIC CANTOR flatly rejected holding a vote on the jobs bill by the end of the month, saying Monday the full bill, called the "American Jobs Act," won't get a vote in the House of Representatives.
Instead Cantor announced the House will take up several measures this month that he believes House Republicans agree on, including the three pending free trade agreements with Korea, Colombia, and Panama.The Majority Leader also said the House would vote on a bill to permanently repeal the 3% withholding tax on businesses that hold government contracts and take up other bills that roll back regulatory barriers for businesses.
TRANSLATION? SCREW THE AMERICAN WORKERS, MORE BREAKS FOR BIG BUSINESS, MORE "FREE TRADE AGREEMENTS" LIKE NAFTA!
DOESN'T THAT BOTHER YOU AT ALL???
MITT ROMNEY SLAMMING THAT 47%! CAUGHT ON TAPE! "There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it -- that that's an entitlement. And the government should give it to them. And they will vote for this president no matter what. ... These are people who pay no income tax. ... [M]y job is not to worry about those people. I'll never convince them they should take personal responsibility and care for their lives."
MITT DIDN'T PAY MUCH INCOME TAX HIMSELF, DID HE?
MAYBE MITT DOESN'T KNOW THAT ABOUT 70% OF THE TOTAL NUMBER OF AMERICANS WHO GET FOOD STAMPS, CHEAPER HOUSING, MEDICAID ARE YOUNG CHILDREN, THE ELDERLY, THE DISABLED, AND VETERANS?
THE REMAINING 30% DO WORK, IT'S REQUIRED, AND MAXIMUM TIME ON "WELFARE"? ABOUT 2 YEARS!
MAYBE 'MITTENS' WANTS KIDS TO WORK LIKE NEWT DOES?
SEE THE DIFFERENCE IN THESE REPUBLICAN MINDS AND OURS, THE WORKING CLASS, THE EVERYDAY CITIZEN, THE ONES WHO HAVE CARRIED THE TAX BURDEN SINCE TAXES WERE THOUGHT OF?
THEY DON'T CARE ABOUT FACTS!
THEY CARE ABOUT MONEY, AND THOSE WHO CAN DONATE THE MOST TO THEM!
WELL, HERE'S A FEW FACTS FOR YOU ON 'ENTITLEMENTS AND THAT 47%!
DID ANY OF YOU ACTUALLY READ THE ENTIRE "ROMNEY TAX PLAN"?
DID YOU KNOW THAT HIS PLAN CALLED FOR A TAX-HIKE OF ABOUT 60% FOR ALL WHO MAKE UNDER $20,000 A YEAR, A TINY CUT OF 2% FOR THOSE WHO MAKE UP TO $75,000 A YEAR, BUT A NEW AND IMPROVED 15% TAX CUT FOR THOSE WHO MAKE MORE THAN A COOL $1 MILLION A YEAR?
Add up the wealth of the last eight presidents, from Richard Nixon to Barack Obama.
Then double that number.
Now you’re in Romney territory!
He thinks few can ever 'belong' there!
And Romney’s proposal only gets more lucrative for those at the very top of the income scale, giving those in the richest 0.1 percent an annual tax cut of nearly half a million dollars.
In 2015 alone, the plan would have ADDED $600 billion to the deficit,
600 BILLION ADDED TO OUR DEBT EVERY YEAR?
IS THAT A PLAN YOU'D LIKE?
SAME PLAN THE REPUBLICANS LIKE!
THEY LOVE IT, AND SO DO SEVERAL DEMOCRATS!
It is positively flabbergasting to observe otherwise intelligent and knowledgeable economists AND THE GENERAL PUBLIC hurry to swallow the political pablum that raising taxes in a recession inevitably chokes a recovery, especially with concrete evidence in the persons of nearly 40 Million new jobs created when 2 recent presidents DID raise taxes!
FORTY MILLION JOBS WERE CREATED!
HOW DOES THAT STACK UP AGAINST THE LIE THAT WE'LL LOSE 700,000 JOBS IF THE "BIG BOYS" LOSE THOSE TAX CUTS?
40 MILLION NEW JOBS CAME INTO BEING AFTER TAX-HIKES!
They also ignore what happened in 2001 when taxes on the wealthy were cut!
WE SLID INTO A "MINOR RECESSION"!
DON'T YOU REMEMBER THAT?
DON'T YOU REMEMBER WHAT HAPPENED NEXT BACK THEN?
THE ECONOMY TANKED OUT!
THEN WE BAILED OUT THE VERY ONES WHO PUT US THERE...REMEMBER 2008? REMEMBER IT ALL STARTED IN 2001?
REAGAN AND CLINTON BOTH RAISED TAXES DURING 'RECESSIONS'!
THAT IMPROVED THE ECONOMY!
BUSH CUT TAXES AND WE HIT SKID-ROW!
Let's make, based on that, what should be an obvious assertion: raising taxes (or, more accurately, letting tax cuts expire as they were designed) on the top 2% not only will NOT reduce economic growth, it will spur it!
IT WILL SPUR ECONOMIC GROWTH!
Capital flows will increase into the US, because, unlike for the past 12 years, it will be perceived as a safer haven.
AMERICA WILL BE BRINGING IN MORE REVENUE FROM THE UPPER 2% OF TAX-PAYERS, THOSE PAYING LESS THAN ENOUGH NOW!
Now let's make another prediction: the wealthy will get even wealthier, there will be more of them, even after paying higher taxes!
Raising taxes on the top 2% WOULD show domestic and world markets that the U.S. is serious about its long-term deficit problems, and is capable of making tough choices.
JUST GO LOOK AT THE FACTUAL DATA!
It worked for Ronald Reagan. It worked for Bill Clinton. Together, following their tax increases, nearly 40 MILLION new jobs were created. Bill Clinton even generated budget surpluses! WE HAD A SURPLUS GOING INTO 2001!!!
WHAT HAPPENED NEXT? TAX-CUTS FOR THE WEALTHY!
So why won't the vast MAJORITY of Americans agree to and DEMAND a tax-hike for their BOSSES, for the OWNERS, the CEOs, the SHAREHOLDERS of industry?
THEY ARE SCARED OUT OF THEIR MINDS THEY'LL LOSE THEIR JOBS!
WELL, LOOK AT WHAT INDUSTRY AND THE REPUBLICANS RECENTLY SAID ABOUT INCREASING MINIMUM WAGE! THEY SAID,"NO WAY! NO WAY!"
IN ACTUALITY, THEIR MESSAGE TO WORKERS WAS, "IF YOU FORCE US TO PAY YOU HALF OF WHAT YOU'RE WORTH (A LOUSY $9.00 AN HOUR!), WE'LL FIRE YOU ON DAY ONE! ON DAY 2 OR MAYBE DAY 100, WE MAY OFFER TO HIRE YOU BACK FOR $7.25 AN HOUR, NO BENEFITS, NO RETIREMENT FUNDS, NO OVERTIME PAY, A 7-DAY WORK WEEK, AND YOU WILL KISS OUR BUTTS TO GET IT!"
"OHHHHHH, NOOOO! WE CAN'T LET THAT HAPPEN!" TERRIFIED AMERICANS CRY.
YES, YES, WE CAN, AND IF THEY FIRE YOU, YOU CAN BET SMALL BUSINESSES WILL CROP US AS THEY DID BEFORE DURING BETTER TIMES THAT WILL REPLACE THE POWER-MAD GREEDY SO-AND-SOS, THAT WILL PAY $9.00 AN HOUR, AND OUR ECONOMY WILL EVENTUALLY RECOVER!
FEAR HAS KEPT AMERICANS SILENT AND WILLING SHEEP TO THESE WOLVES FOR OVER A CENTURY!
GROW A SET, PEOPLE!
JUST TELL THEM THEY'RE FIRED! AND MEAN IT! PUT FEAR IN THEIR MAKE-BELIEVE HEARTS FOR A CHANGE!
WHEN THEIR BUSINESSES FAIL, OTHER, HOPEFULLY BETTER ONES WILL ARISE IN THEIR PLACE!
WE WILL SEE A BETTER NATION FOR IT!
WILL the scary 4.6% tax increase on the upper 2% be THE solution to our economic problems?
Of course not, NO ONE THING WILL FIX THIS, but, it will help, and the unquestioning acceptance of the REPUBLICAN/WALL STREET lunatic principle that it will hurt will make it a hard path to take.
WE MUST TAKE THAT PATH!
It took 30 years of ON/OFF very popular tax cuts to create this debt, and it will take tax increases to pay it off.
Under Reagan and Clinton, the recessions were accompanied by growing deficits as well, same as now, and they both faced the wrath of the elite, same as now, but they did it! Moreover, Republicans' resistance to any tax increase, for any purpose, at any time, sent and still sends a message of infantile, pouting irresponsibility to the global markets.
Other nations DO watch what our Congress does, and they base their investments largely on that.
WHAT DO THEY THINK WHEN THEY SEE REPUBLICANS STAMP THEIR FEET AND THROW TANTRUMS OVER FISCALLY SOUND MOVES, JUST LIKE REAGAN AND CLINTON MADE (briefly, anyway)?
In 1982, at the same point in his Presidency as President Obama was in 2010, but ALSO while jobs were still hemorrhaging and unemployment still rising in a recession, Ronald Reagan enacted the LARGEST TAX INCREASE IN AMERICAN HISTORY--$100 BILLION additional taxes were collected from individuals and businesses by the Treasury. By January, 1983, Reagan's approval rating was down to 35%. DID YOU FORGET THAT? REAGAN ...LARGEST TAX-HIKE IN HISTORY!
Because this was "SAINT Ronald", and not a Democrat in the White House, there were no chicken-littles like "Boner" and the others screaming now, predicting the tax hike guaranteed the sky would fall, end all of civilization, nor did REPUBLICANS argue THEN that "people know how to spend their money better than the government" (true, of course, for some expenditures, not for others).
LESS than one year later, the economy began to emerge from its recession, job losses stopped, and unemployment began to recede. Nearly 17 million new jobs were created by the end of Reagan's term.
Incidentally, Reagan raised taxes several more times during his tenure.
RAISING TAXES ON THE RICH HELPED, DON'T YOU SEE THAT?
Clinton, in 1993, signed the NEXT largest tax increase in American history, and on top of George 'HW' Bush's a couple of years earlier. Yes, DADDY BUSH ALSO RAISED TAXES, REMEMBER? Just not so much on his rich pals. BUSH1 ALSO did so in the midst of a recession, but this was another REPUBLICAN, so NO REPUBLICANS SAID SHAME ON REAGAN OR HW BUSH! WONDER WHY?
After HW's tax increase, the GDP began to rebound just as Bill Clinton took office, promising to focus like a laser on "the economy, stupid". After Clinton's 1993 tax increase on the wealthy, job growth began, and by the end of Clinton's term 23 MILLION new jobs had been created. Twenty-three million new jobs!!!
17 MILLION NEW JOBS (Reagan) + 23 MILLION NEW JOBS (Clinton) = 40 MILLION NEW JOBS AFTER TWO HISTORICALLY HIGH TAX-HIKES! HAVE YOU FORGOTTEN THAT? HOW COULD YOU?
CLINTON'S DECISION TO INCREASE TAXES CREATED 23 MILLION NEW JOBS...COMPARE THAT TO 8 MILLION LOST JOBS AFTER BUSH2 CUT TAXES ON HIS WEALTHY PALS! GO LOOK UP THE STATS! IT'S IN PLAIN SIGHT! BUSH TAX CUTS COST AMERICA 8 MILLION JOBS! AND OUR ENTIRE ECONOMY BEGAN TO TANK, BUT WAR IS EXPENSIVE...AND MORE WAR...AND SOME MORE WAR...
YOU'D THINK OBAMA MAY HAVE LEARNED FROM THAT BUSINESS OF BANKRUPTING WARS, BUT NOOOO!
And what happened when the sky did NOT fall after tax-hikes in the midst of recession those OTHER times?
DID ANYBODY ON WALL STREET ADMIT THEY'D SCREWED UP AND SOMETHING GOOD CAME OUT OF THOSE TAX-HIKES? DID THE REPUBLICANS CHANGE THEIR WHINE?
The very same people who NOW whine and carp against raising taxes on the wealthy at evening soirees to raise money for their pet anti-tax know-nothing LYING legislators ( i.e., puppets) , sauntered into their well-appointed offices during the days of boom, took full advantage of the improved market behavior they assured us would deteriorate the night before, laughed, AND COUNTED ALL THAT NEW MONEY all the way to the bank!
THOSE SAME PROFITEERS WILL DO THE SAME THE NEXT TIME TAXES INCREASE! THEY JUST DON'T WANT TO PAY YOU HIGHER WAGES, AND THEY DON'T WANT TO REDUCE ANY DEFICIT BUT THEIR OWN, ON THEIR RICH CONTRIBUTORS!
[SEE: http://havacuppahemlock1.blogspot.com/2012/12/fiscal-cliff-fear-mongering-propaganda.html ]
Despite the inevitable moaning and groaning and predictions of doom, and the guaranteed apoplexy of INDUSTRIALISTS, "SURE FAILURE OF THE ECONOMY" sold to America by Republicans and the likes of The Wall Street Journal, it is 99% likely that the stock market will rally when the news of a tax-hike becomes sufficiently certain,
JUST LIKE WHEN REAGAN AND CLINTON RAISED TAXES!
Do watch closely in the next few months as these very same Wall Street "pundits" (who, by the way, got it all WRONG prior to the 2008 crash, but that does not shake their certainty), many of whom are practicing money-managers, "vote" quite differently with their, and their clients', dollars.
If they acted as they SAY they believe, the Dow would go belly-up and stay there!
Then, grinning over their new-found wealth, the lords of industry and their butt-kissers will set up a NEW howl for tax relief...and the Republicans will bow and scrape and "Yes, BOSS" the scoundrels and start the hammering and yammering all over again!
AND AMERICA WILL FORGET AGAIN, LIKE IT HAS BEFORE, THAT RAISING TAXES IS GOOD FOR OUT-OF-WORK PEOPLE, BECAUSE IT CREATES NEW JOBS, IT CREATES FEDERAL INCOME, IT REDUCES OUR DEFICIT, AND EVERYTHING RECOVERS, EVEN WEEDING OUT SOME OF THE MORE SHADY CORPORATIONS ALONG THE WAY, MAKING ROOM FOR BETTER ONES!
Can you finally start, just maybe START questioning whether the "you-can't-raise-taxes-in-a-recession" mantra THE REPUBLICANS AND WALL STREET chant might be just a bit 'overstated'?
CAN YOU SEE THE TRUTH?
THEY'RE THE ONES WHO WILL BENEFIT FROM TAX BREAKS, FROM LOWERING TAXES ON THE RICH!
<<Ninety-four new senators and House members joined the 113th Congress. But if voters felt the last group of lawmakers was out of touch with "real America," the new class may not be better. In fact, according to a new analysis by the Center for Responsive Politics, the median estimated net worth of the incoming freshmen is almost exactly $1 million more than that of the typical American household. Members of Congress have been getting slightly richer in recent years, and the trend continues. Overall, more than 48 percent of lawmakers -- 257 to be exact, up seven from the previous year -- have an estimated net worth of more than $1 million. All 535 members of Congress have a median estimated net worth of about $966,000, according to CRP data.>>
GREAT ARTICLE ON CONGRESS' WEALTH AND INVESTMENTS HERE:
THE POLITICIANS, BOTH PARTIES, SUCK-UP TO WALL STREET, BECAUSE THOSE WITH THE MOST BUCK$ MAKE THE BIGGEST CONTRIBUTION$ TO CAMPAIGN$.
STOP BEING SCARED INTO STUPIDITY!
QUESTION EVERYTHING, AND DO YOUR HOMEWORK! START READING AND FORGET AMERICAN IDOL FOR AWHILE, FORGET SPORTS, JUST LEARN....LEARN!!!
USE YOUR OWN INDEPENDENT MIND FOR A CHANGE!
STOP BEING RULED BY PARTY LIES AND SCARE TACTICS!