I am tired of the lies spread by the liberal socialist who want to centralize our entire government system. Mr. Obama is not qualified for office, he needs to be @ the local Y where his socialist policies are MORE ACCEPTABLE . There he can appoint czars for anything he would like. These may be the most important truths you will ever hear concerning the blame game.
When the Democrats assumed control of Congress in 2007, they immediately began to talk about tax increases and greater regulatory activity. It was clear that they hoped to abandon tax cuts previously enacted and planned more government intervention in the marketplace. The results, by the numbers, were staggering. Just two years later, in January, 2009, the unemployment rate was at 7.2 percent and rising. Real economic growth had decreased to -6.3 percent and nominal growth was down to -5.8 percent. The budget deficit had grown to at least $455 billion and was projected to go to $1.2 trillion. The Dow Jones Industrial had shed 30 percent of their value and were down to 8116.03.
President Obama and other Democrats want to blame this precipitous deterioration of the economy on President Bush and Republican economic theory. The problem for them is that GOP policies were working until the Democrats assumed congressional power, not working perfectly by any means, but working. The Democrat's tax, borrow and spend policies proved disastrous. And the disaster has been compounded by total Democratic control of the Washington levers of power.
Today, the economic downturn continues unabated. Using the most recent official number compiled in JUNE 2011, the situation has continued to deteriorate. Unemployment is up. The March figure was 9.2 percent and it has gone higher since that. GDP continues to sink. The real growth figure for the 1st Quarter of 2009 was -6.1 percent and the nominal growth number stood at -3.5 percent. The first half Fiscal Year 2009 deficit projection was $953 billion and when the President's proposals are enacted the annual deficit went to $1.8 trillion, a one year deficit figure that exceeds all the deficits of the Bush Administration combined. And the Dow Jones Industrial after falling to below 7000 have recovered to 12000, but have took a second slide to around 10,000 and may still be falling. And the big deal OBAMACARE HASN'T EVEN HIT THE FAN YET.
So now after all this who would you blame? Although the republicans faded in the later end of Bush's term we still had positive growth and by present standards our deficit was almost non-existent. Bush added over 20 million jobs during his term and it would have been more if he had reined in the bureaucracy instead of letting the epa, osha, and the dept of homeland security run wild as did his predecessor.
Believe the liberal media ,if you want but facts are facts. you decide now who to blame in the BLAME GAME!
