Meet the Party of American Capitalism - Perrspectives Blog
This is a great summary in one place of how Republican policies are toxic to a healthy, growing economy.... When President Obama talks about "fairness" in our system, he is also talking about how to make the economy stronger with greater opportunities and greater job growth - and with more companies being more successful (because when more people are doing well, that means they have more money to spend on I-Pads, cars, tvs etc).
http://www.perrspectives.com/blog/
President Obama, Mitt Romney has declared repeatedly, "believes America should become a European-style welfare state." While Newt Gingrich warned of the Democrats' "secular-socialist machine," Rick Santorum insisted "President Obama is for income equality. That's socialism. It's worse yet, it's Marxism." And just this weekend, Tea Party darling Allen West thundered that President Obama, Harry Reid, Nancy Pelosi and DNC chairwoman Debbie Wasserman Schultz can take their "message of enslaving the entrepreneurial will and spirit of the American people" and "get the hell out of the United States of America."
Unfortunately for the Republican ideologues now decrying class warfare, it's the Democratic Party which has been saving American capitalism since 1933. After all, as the historical record shows, from economic growth and job creation to stock market performance and just about every other indicator of the health of the U.S. capitalism, the modern U.S. economy has almost always done better under Democratic presidents. Despite GOP mythology to the contrary, America generally gained more jobs and grew faster when taxes were higher (even much higher) and income inequality lower. And while the U.S. recovery from the Bush recession remains painfully slow, most economists - including the nonpartisan CBO and some of John McCain's own 2008 advisers - believe President Obama saved the American free-enterprise system from the abyss.
(Click a link below for the details on each.)
Job Creation and Economic Growth
The Stock Market
Income Inequality
National Debt
The Bush Recession and the Obama Recovery