Monday, January 23, 2012

Boehner's Lies

Boehner wants to capitalize on the fact that too many people believe the recession started during the Obama administration, instead of in the previous administration. The official start of the recession was December of 2007. I wrote in November of 2010, "Let us now sit back and listen for the next two years as the Republicans continuously blame the other party for all of the country's woes. Let us see if they can keep people from realizing that they have been conned."

Under George W. Bush, the percentage of the National Debt to the GDP went from 56.4% to 86.4%. In the final months of Bush's term, the economy was in free-fall, the stock market was tanking, the banks were getting bailed out by Congress, unemployment was spiraling out of control, and the deficit for 2009 was projected to be $1 trillion dollars, all before Obama even took office. We were also in the middle of two unfunded wars.

In the first two years of Obama's presidency, Republicans in the Senate blocked most of the efforts by the Democrat-controlled House to provide economic relief to Main Street. Since then the House, under a Republican majority, has passed one bill after another designed to give the rich more breaks under the guise of producing jobs. The Bush tax cuts are still in place, and taxes on capital gains are still 15%, while actual labor is taxed at 25% or more.

Boehner wants us to believe that Republicans will usher in an age of prosperity; in reality, it has been the policies of conservatives which have left so many Americans destitute.

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