Anyone else remember Fox News claiming a DOW 20,000 would result...

if the Bushco tax cuts of 2003 mostly for the superwealthy top 2% of income earners were passed and signed into law?
Fox made this claim repeatedly before the bill passed both the Senate and House. Fox News sold that fiscally irresponsible bill to America.

The Bush tax cuts of 2003 have nearly killed America and driven us so far into national debt that we may never pay off China.

Tax cuts that turned annual budget surpluses into record deficits that more than doubled our national debt in Bushco's 8 years.

National debt in..
2000- $5.5 Trillion
2008- $12+ Trillion

Communist China has spent 30 years bailing out American capitalism and Republican/Reagan/Bush/Bush fiscal policy.

All that and no DOW 20,000. Not even close.

Instead we crashed into the Great Recession. Thanks Bush.

Thanks Reagan.

Thanks GOP.

Thanks for shoving your anti-American, unpatriotic, and treasonous tax cuts down our throats. Thanks for killing our country in the process.

.........................................................................

Before we invaded Iraq, during the congressional hearings on whether to authorize force in Iraq..

Rupert Murdoch staked his 'sterling' reputation on the line by claiming that if we invaded Iraq that he claimed we would have $1.40 per gallon gas for years and years to come. He claimed that if we 'liberated' Iraq, we'd have cheap gas for the foreseeable several years.

1-2 years later gas was in the high $3 range and topped out at $4.50ish nationally.

Fox News has almost always got it wrong.

Egregiously wrong.

Unpatriotically wrong.

Fox News has advocated some of the most unpatriotic policies in American history.

Policies that have bankrupted our nation and killed hundreds of thousands of innocent people.

My point..

Should a person ever listen to a 'news' source that get's it so wrong all the time?

So wrong that it's killing our nation.

You gotta be pretty fucking wrong to be so powerful as to kill a super power nation.

That's how wrong Fox news is.

If you have friends that listen to Fox News, point out these facts to them.

I told him the rally had run out of gas and the Dow was on the way back down.

The next day, the steady drop started.

Sub-thread removed by moderator. Click here to review the message board rules.

:P

Go mods!

http://www.democraticunderground.com/discuss/duboard.php?az=user_profiles&u_id=255040

"Tell me the difference between borrowing 800 billion from china and saying it creates jobs and letting me keep some of my money and buying goods that Americans make."

Obama let you keep your money, Bush didn't. You do know you got a tax cut in that stimulus, right?

We were talking about the Bush Tax Cuts, to the top 5% here. Statistically, you are unlikely to have seen any of that. In that class, the money will not get spent on "goods that Americans make." We know where that money went, largely into banking, energy, housing and overseas development, the boom investments of the last decade.

That money was taken OUT of the federal budget at a time we were running surpluses and paying down debt thanks to 8 years of Democratic leadership. (That's the same as "democrat" leadership to you.)

This would be like me coming home and telling the wife, "Hey, I took a voluntary job cut at work. We'll borrow the difference on credit cards..."

After that, the Republicans expanded two wars and passed an unfunded prescription drug plan among other things. That's like the man above saying, "Honey, I bought the cold medicine we need on credit, OH I also got this really cool assault rifle!"

The compilation of the Republican (Giveaway - Borrow - Spend) behavior is an extra $5 trillion in debt with NOTHING to show for it.

Faced with an economy in the crapper and growing unemployment, the entire economy was in danger of crashing. To kickstart consumption, confidence, and investment, governments use directed stimulus in areas they think they can get some bang for the buck. Nations that have not done this, like Japan in the 1980s, suffer for it.

Obama produced a stimulus package of investment and TAX CUTS for 90% of Americans. Yes, 22% of the stimulus WAS tax cuts. It was also a one-time thing.

See it here:

http://www.washingtonpost.com/wp-dyn/content/graphic/2009/02/01/GR2009020100154.html




Some of the tax cuts carry over, but unlike the Bush behavior above, we won't continue to add this cost to the deficit and debt year after year.

That's like the man in the example above coming home and saying, "I've been furloughed at work. We may have to borrow money for food and necessities this year until we are back on our feet."

And ya know what, it worked:




So if you are going to walk in here and bring us your nonsense, back it up. If you can't, ask yourself why. Who has lied to you to the point that you have such a distant grasp on reality? Oh, that's right, that elite 5% who got the tax cuts and think the public is just stupid enough to vote Republicans back in for another round.

Buh-Bye.

Your post reminds me of Tom Tomorrow's "shit sandwich" cartoon:

...who couldn't sign on to the Bush Economic Plan or the Invasion of Iraq fast enough.

Check out the review on the cover, LOL !!!



:rofl:

:hi:

Thanks for posting!

:hi: