Conservative accomplishments
Some of what the 0's have brought the US:
* The U.S. produced 32-percent of the world's gross domestic product back in 2000... it's now 24 percent - the sharpest decline by any country in modern history - except for the late Soviet Union
* The U.S. started the decade with a budget surplus... but ended with a deficit equal to 10-percent of GDP
* The economy was at full employment in 2000... now we have 10 percent unemployed... and another seven-percent that's underemployed or has given up looking for work...
* As many as one-third of all U.S. manufacturing jobs disappeared in the past 10 years, our national debt doubled... and China practically holds the mortgage on us
* Add in two wars, tax cuts under Bush, astronomical deficit spending, the housing crisis - and we have a real mess on our hands
Ah the irony - this list came from an article by the very conservative and Republican Pat Buchanan. Conservative economics worked as designed, and the above list is simply a part of the consequences that didn't matter to them. The conservatives loved the ride, and boasted about the great triumph of what they were doing to the economy. But now that the country must suffer through the aftermath of their handiwork, they're all saying "Oh, but that wasn't real conservatism - put us back in charge and trust us again. We'll run the same gameplan, but somehow it'll make everything better."
* The U.S. produced 32-percent of the world's gross domestic product back in 2000... it's now 24 percent - the sharpest decline by any country in modern history - except for the late Soviet Union
* The U.S. started the decade with a budget surplus... but ended with a deficit equal to 10-percent of GDP
* The economy was at full employment in 2000... now we have 10 percent unemployed... and another seven-percent that's underemployed or has given up looking for work...
* As many as one-third of all U.S. manufacturing jobs disappeared in the past 10 years, our national debt doubled... and China practically holds the mortgage on us
* Add in two wars, tax cuts under Bush, astronomical deficit spending, the housing crisis - and we have a real mess on our hands
Ah the irony - this list came from an article by the very conservative and Republican Pat Buchanan. Conservative economics worked as designed, and the above list is simply a part of the consequences that didn't matter to them. The conservatives loved the ride, and boasted about the great triumph of what they were doing to the economy. But now that the country must suffer through the aftermath of their handiwork, they're all saying "Oh, but that wasn't real conservatism - put us back in charge and trust us again. We'll run the same gameplan, but somehow it'll make everything better."
posted by zblog at
9:05 PM
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