October 08, 2008


IMPEACH BUSH


IMPEACH CHENEY


HISTORY PROVES GOP'S LOUSY ECONOMIC POLICIES

As I've said before, Republican administrations are an almost certain guarantee of a lousy economy. If you like recessions, high unemployment, more poverty, and more despair, just vote Republican. The economy has always performed better under Democratic administrations. Our policies work and theirs don't. This article by Arthur Blaustein is at www.truthdig.com:


What is downright frightening is that Bush and John McCain seem to still believe an unregulated free market will solve America’s economic problems. Barack Obama, on the other hand, maintains that government has the responsibility to keep our economy on the right track. Obama says he will work toward reducing the debt and deficit. He pledges to help the middle class and the working poor by maintaining benefit levels and eligibility for the Earned Income Tax Credit. He will hold the line on our tax progressivity and fairness by rolling back the Bush tax giveaways to taxpayers earning over $250,000 annually. And Obama wants to target health care, education, affordable housing, alternative energy and the environment with critical investments.


McCain wants to privatize Social Security and probably Medicare, although he gets dangerously vague about this at election time. To finance government spending in the wake of his tax cuts for the wealthy, Bush has borrowed heavily from the Social Security Trust Fund. At the same time, the United States owes huge amounts to foreign investors. McCain and George W. are mired in the failed economic policies of Republican predecessors. In 1980, Bush I called supply-side policies “voodoo economics.” But he embraced these “trickle-down” policies in order to become vice president and then president. Reagan and both Bushes’ royalist economic policies of the 1980s and the past seven years were failures—a fool’s paradise built on the sands of borrowed time and borrowed money. The consequences were staggering debt, industrial decline, shrinking wages, four painful recessions, increased poverty and structural unemployment. The reckless Reagan-Bush-Bush spending and borrowing has brought us to the brink of social catastrophe and economic depression.