Some Left-Wing Truth For Right-Wing Liars

[Playinghardball]

8 years of Bush crap and malfeasance can't be cleaned up in 3 1/2 years.

[Scuba]

1. Great graphic, but I'm pretty sure the Dow Jones isn't measured in thousands of dollars.

[CabCurious]

2. Additional/Updated Facts

During the worst global recession in 100 years:

* $600 billion in deficit reduction since Bush's last budget.
* Lowest spending increases since Eisenhower.
* 30 months of private sector job growth, including small businesses.
* Record corporate profits & Wall Street values.
* More millionaires and billionaires every year.
* Lowest real tax rates on the rich since 1928.
* 21 new tax cuts for middle-class families.
* 18 new tax cuts for small businesses.
* First growth in manufacturing sectors in 30 years.
* Americans #1 in worker productivity.
* Household debt reduced by half-a-trillion.
* Gas prices peaked at $4.12 under Bush.

And:
* Obama has proposed $4 trillion in additional debt reduction, but the GOP have blocked him.
* Republicans partisanship in Congress is the primary reason for the downgrade of USA's credit rating.
* Romney has said military spending is off-limits for cutting ($683.7 billion in 2010)

But there's a 8% unemployment rate still, right? That's in large part due to the 700,000 government jobs that have been cut, including States cutting 230,000 teachers and 130,000 police/emergency responders.

The overall argument we need to make: The GOP are peddling the wrong kind of (failed) capitalism.

It's time to divest from Wall Street and the finance markets. It's time America return to Main Street and manufacturing.

PRIVATE SECTOR EMPLOYMENT SINCE 2008



SLOWEST SPENDING SINCE EISENHOWER


SOURCES:
http://articles.marketwatch.com/2012-05-22/commentary/31802270_1_spending-federal-budget-drunken-sailor
http://www.businessweek.com/articles/2012-04-26/small-business-job-creation-is-stronger-than-we-think
http://www.bizjournals.com/bizjournals/on-numbers/scott-thomas/2011/08/86-of-top-100-markets-add.html
http://research.stlouisfed.org/fred2/series/CP
http://www.usnews.com/news/articles/2011/09/02/public-sector-losses-continue-to-drive-poor-jobs-numbers
http://money.cnn.com/2010/04/14/news/economy/recovery_act_jobs/index.htm
http://www.nytimes.com/2008/12/21/business/worldbusiness/21iht-admin.4.18853088.html
http://www.usatoday.com/money/economy/story/2011-11-06/federal-borrowing-rises-sharply/51097800/1
http://www.brookings.edu/blogs/jobs/posts/2012/08/03-jobs-greenstone-looney
http://www.bloggingstocks.com/2009/02/06/ray-of-light-u-s-corporate-worker-productivity-continues-to-r/
http://tucsoncitizen.com/usa-today-news/2011/11/06/federal-borrowing-up-household-debt-shrinks/
http://www.nytimes.com/2008/12/21/business/worldbusiness/21iht-admin.4.18853088.html
http://www.peri.umass.edu/236/hash/b3c8228599526db24002f4a6d38369c1/publication/490/
http://www.guardian.co.uk/business/2011/dec/14/executive-pay-increase-america-ceos
http://blogs.wsj.com/economics/2011/12/10/number-of-the-week-finances-share-of-economy-continues-to-grow/
http://www.huffingtonpost.com/2012/07/22/super-rich-offshore-havens_n_1692608.html
http://www.factcheck.org/2012/06/obamas-spending-inferno-or-not/
http://www.governing.com/blogs/by-the-numbers/public-private-sector-cuts-during-recession-by-state.html

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