|Author||Rating: 0 Topic: GOP Claims Credit for "Robust Economy, Job Creation" (Read 945 times)|
« Reply #0: Jan 26, 2009, 6:02 PM »
If you need any further evidence of just how delusional the Republican Party really is, take a look at this screen shot, which was taken from the website of the National Republican Congressional Committee (the wing of the national GOP responsible for getting GOP candidates elected).
The first line is really all you need to read: “Thanks to Republican economic policies, the U.S. economy is robust, and job creation is strong.”
Today, Starbucks announced it will be cutting 7,000 jobs. Pfizer announced that it will slash 8,000 jobs, as did Sprint-Nextel. Home Depot will be laying off 7,000 of its workers, and General Motors will follow suit with 2,000. Caterpillar (the tractor manufacturer) went public with news it was letting go of upwards of 20,000 employees, many of whom have already received their pink slips. Texas Instruments is cutting 3,200 jobs, and Schlumberger International is cutting 5,000. Mind you, these are only the job cuts that were announced today. Last week, Microsoft said it is planning on cutting 5,000. Intel said they’d be cutting 6,000, and another 1,000 for United Airlines.
Unemployment stands at 7.2%, the highest mark in more than 15 years. The US lost 2.4 million jobs last year (the worst since 1945, when World War II reached its end and the economy returned to a normal pace), and economists predict close to that many losses this year.
With all of that, the “job creation” claim seems more than a little dubious.
As for the “robust” economy, things aren’t any better there. On top of the slew of banks and Wall Street investment firms that have already failed or necessitated national bailouts, (including Bear Sterns, Lehman Brothers, AIG, Fannie Mae, Freddie Mac, and Indymac) First Centennial Bank collapsed over the weekend, becoming the third to do so this year alone. Last year, 25 banks failed, including Washington Mutual, which- with over $300 billion in assets- was the single largest collapse in US history.
Foreclosures continue to rise, the median home price has persisted in its precipitous decline, and consumer confidence remains dangerously low.
It’s hard to tell exactly which economy the NRCC is looking at, but the blatant attempt by the national GOP to pull the wool over the eyes of the American people is despicable. Not only does the Republican Party promulgate an outright falsehood in their claim that the economy is “robust,” they almost laughably try to take credit for it.
The one thing the NRCC did manage to get right- all of the mess you see above is, in their own words, “thanks to Republican economic policies.”
« Reply #1: Jan 26, 2009, 7:19 PM »
7000 Home Depot over 2000 at Texas Instruments? Whose jobs are they talking about?
"strong job creation" is going to war
try to pull this same crap awhile back?
Didn't get any place with it did he.
In fact, there were over 2.1 million jobs lost last year (through November alone). And those only include the number of mass lay-offs (50 people or more). I wouldn't doubt if at least that many were laid off of small businesses which have been struggling, failing and/or failed.
There is that whole failing banks thing and Global depression.
But I guess I am just being picky here.
of the Stimulus package with all of their clever ideas and their fingers on the pulse of the nation!!!!!
Oh, you're out of work? Well, stop "whining!" Things are good, ya just gotta change your attitude there!
MARKET CRASH brought on by dereg
John McCain, "we need more deregulation..."
I give you the EPIC FAILURE of the GOP
and now, to top it off, the RUSH LIMBAUGH REPUBLICANS WHO HATE AMERICA AND WANT US ALL TO FAIL!!!!
So let me get this straight. Each and every one of you wants to shell out more of the money you earn in taxes? How is that going to help the economy?
« Reply #7: Jan 27, 2009, 12:44 AM »
its a global recession stupid, every country is effected by it, including more LIBERAL countries!
« Reply #8: Jan 27, 2009, 12:47 AM »
That website is indeed retarded, but so is the idea that Republican polices alone are the cause of our economic troubles. The housing bubble that caused the financial crash was a result of policies LBJ, and his 'great society' and his failed attempts to put people in houses they couldn't afford, and these same policies were expanded under Clinton. I'm not saying the Dems shoulder the whole blame, the GOP has abandoned may of its core principles and messed quite a bit up in the last eight years, I'm just saying read a history book, maybe you'll learn something...
« Reply #9: Jan 27, 2009, 1:05 AM »
Man what planet are they on...
|Guest-The Bard of Wilmette||
There is plenty of blame to go around, although it would be hard to dispute that the U.S. is in a serious recession. I would not be eager to claim credit for the current financial situation.
Recessions are like forest fires, an unpleasant but necessary element of the cycle. Also like forest fires, the long standing efforts to prevent their occurrence has had the result of making the event much worse when it finally does happen.
Deregulation of the financial markets (promoted mostly by Republicans) has been one big element of the problem. On the other hand, overly loose credit standards, and the encouragement for people to buy things they cannot afford, has been a bipartisan responsibility. It is as if nobody really believed that deflation of real estate values could ever happen.
I cannot see that there is any way to avoid a severe recession. It is more a matter of setting the conditions for sustainable recovery, but the situation will almost certainly get worse for the next several months before they start to improve.
If you actually read this mess, you'll find this gem:
"Republicans believe we should:
Expand trade and levels the playing field..."
"levels" - They must simply be copying and pasting from past 'news' where they're spinning the truth to meet their own distorted view of reality.