Bush Proved Trickle-Down Doesn’t Work

Bush Proved Trickle-Down Doesn’t Work

• After an adjustment period following the 2001 and 2003 tax cuts, revenue does not return to trend. It follows the old revenue curve at a permanently lower level. • If trickle-down worked, the revenue curve would have surged above trend growth. Are you really going to tell me that…

Job Growth Always Higher With a Democrat President

No Republican President ... has ever created more jobs, or created jobs at a faster rate, than his Democratic predecessor. It's not even close. ... On average, job growth under Democrats is more than twice that under Republicans. ... after 60 years it's hard to argue that the Democratic presidents are…

The Republican “Small Business” Fraud

The Republican “Small Business” Fraud

• The Republican support for 'small business' is a bait-and-switch; allowing them to look like champions of the little guy against big government, when in fact they're really just doing the bidding of the rich. • The 'small businesses' they refer to are 'pass-through' business types like S-Corporations that merely pass…

The Economy Always Does Better Under Democrats

The Economy Always Does Better Under Democrats

• Since 1929, Democrats and Republicans have each controlled the presidency for 40 years. • Money invested solely under one party vs the other gave a six-fold return for the Democrats: $300,671 vs $51,211. • Republicans do that well only when you exclude Hoover. When you include Hoover, it's a near 26-fold…

The Economy Always Does Better Under Democrats – 2

The Economy Always Does Better Under Democrats – 2

• The Census Bureau Report showed that on every major measurement, the country did poorly during George Bush's term; on the same metrics, the country improved (often substantially) during Bill Clinton's. • This is symbolic of a greater trend. Since 1900, the economy and the stock market have done dramatically batter…

Bush: Worst Job Growth Ever

Bush: Worst Job Growth Ever

• Bush only created 3 million jobs over eight years, only slightly better than his father's record of 2.5 million (over four years.) • Bill Clinton created 23 million jobs over the same time period. • George Bush has the worst record since records started being kept in 1939. Bush On Jobs:…

Bush Had The Weakest Economy In 70 Years

Bush Had the Weakest Economy in 70 Years

• George W Bush had the worst job creation record since data collection began 70 years ago • Most economic activity happened in the unsustainable housing and financial bubbles, amounting to what many economists call a 'Lost Decade.' • The government was running a surplus when Bush took office, but…

The Texas ‘Miracle’ Myth

The Texas ‘Miracle’ Myth

• The Texas Miracle Myth comes from a misunderstanding of how population growth affects the economy. • Texas's job growth is being driven by population growth; many of the people moving to Texas are attracted by the low cost of living and cheap housing (the result of a tightly regulated housing market.) • The…

‘Texas Miracle’ More Like A Myth

‘Texas Miracle’ More Like a Myth

• Texas is supposedly a symbol of how conservative policies can be successful. • Texas has not weathered the recession very well, with high unemployment and a steep budget shortfall. • They were spared the worst of the housing crisis because they have strict regulation in that area. Texas Two-Step

The Right Wing’s New Deal Revisionism

The Right Wing’s New Deal Revisionism

• During the New Deal, the government hired 60% of the unemployed to build and renovate the nation's infrastructure. • Historical revisionists on the right would like to count those working for the WPA as 'unemployed' in their absurd attempts to prove the New Deal was a failure. • The…

Faith-Based Economics: The Theology Of Tax Cuts

Faith-Based Economics: The Theology of Tax Cuts

• Reagan's budget director, David Stockman, called out the republican party for tax cut "theology", denying the fervently held belief that tax cuts for the rich pay for themselves and are necessary for economic growth. • The former architect of Reagan's fiscal policy criticized his own party for pushing the…

Texas’ Budget Is No Miracle

Texas’ Budget is no Miracle

• Texas is having huge problems with its budget deficit and it has nothing left to cut. • With a $1.2 trillion economy, they could easily raise the money. But the GOP has always been firmly against raising taxes. • You don't hear anyone talking about it because when the…

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