Bush Tax Cuts Vs Obama Stimulus - The 24 Month Results of Each
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. - Winston Churchill
Bush Tax Cuts Vs Obama Stimulus - The 24 Month Results of Each
Keynesian economics, blindly followed so far by the Obama Administration, advocates government spending, to stimulate the cheaper (prime the pump). Keynesian results--pertaining to gains--have never stood up to scrutiny.
Robert Morgenthau Jr. The architect of Fdr'S heavy Keynesian government infusion, complained in 1939 that we spent more than we ever have before; it has not worked and has left "an vast debt to boot."
Unemployment in 1939--17.2%.
President Obama's nearly 1 $trillion of spending on the misnamed Stimulus program, was accompanied by heavy spending increases in his first two budgets. The pathetic results shown below are proof of why tax cuts stimulate and keynesian economics of course thwart growth.
Below, find the raw data, not talking points.
Bush Tax Cuts vs. Obama Stimulus--24 Month Comparison of Each
Unemployment Rate: 24 Month Comparison
2009 Obama Stimulus---9.0%
2003 Bush Tax Cuts-----5.1%
In February 2009 President Obama was watching jobs disappear at the rate of 500,000 a month, plus. He therefore proposed that congress pass his Stimulus, the largest and most sweeping the nation had ever seen.
In pressuring congress to rush the bill through congress, the president told the nation that the rush would have an immediate impact on the loss of jobs. He said it was just what was needed to keep unemployment from rising above 8%. Now almost 27 months since its passage, the president and his spokespersons are continuously referring to this weak activity as "the recovery."
This was also a blatant violation of his promise to post all major legislation on the Internet for 5 days of review. Not a single congressman had time to read even a uncostly part of it because of its rammed through, history.
Here is what the jobs photograph has shown since then. The net loss of jobs beginning in March 2009 has been 2.5 million. Correlate that with the 2003 Bush tax cuts-stimulus. The results for those 24 months yielded a Net Gain in jobs of 2.9 million.
Instead of taxpayers' money being spent under the Bush Stimulus, taxpayers' money was returned to them.
Net Jobs Gained or Lost: 24 Month Comparison
2003 Bush Tax Cuts----Gained Net Jobs (plus) 2.9 Million
2009 Obama Stimulus-----Lost Net Jobs (minus) 2.5 Million
President Obama, Unions and Dems Defunded Wash D.C. School choice agenda Against Pleadings of Black Parents
In 2009 President Obama, signed a bill that meant the end of the program, shortly beyond the time of signing.
Black Unemployment 24 Month Comparison
2009 Obama Stimulus--15.7%
2003 Bush Tax Cuts----10.1%
24 Month Comparison: Hispanic or Latino Unemployment
2009 Obama Stimulus--11.9
2003 Bush Tax Cuts 6.0%
Teen Unemployment: 24 Month Comparison
2009 Obama Stimulus--25.7%
2003 Bush Tax Cuts----17.9%
Cost To Taxpayers
2003 Bush Tax Cuts-------0
2009 Obama Stimulus---1 billion
Avg. Cost To private "Net revenue Taxpayers" Applied To gift Workforce
2003 Bush Tax Cuts--0
2009 Obama Stimulus ,828
Most new data available lists 91 million "net revenue tax" payers
Tax Receipts To Government: Seven Quarters Following Each
2003 Bush Tax Cuts (plus)---6.7 billion
2009 Obama Stimulus (plus)---8.4 billion
Academia, The Media, Ivy League Universities Collude in Keynesian Brainwashing
Keynsian economics by whatever name or cover, are favored by a very large ration of universities and almost exclusively in Ivy League Universities. The positives of the free-market are equally downplayed.
Disposable Personal Income-(Every man woman and child) Seven Quarters Following Each
2003 Bush Tax Cuts (Plus) +1
2009 Obama Stimulus (Plus) +4
Real Gdp midpoint increase Seven Quarters Following Each
2009 Obama Stimulus (plus) +0.7%
2003 Bush Tax Cuts (plus) +3.5%
Total of annual Deficits-Bush, 8 Years-2001-2008
.3 Trillion
Total of annual Deficits-Obama, 2 Years-2009-2010
.7 Trillion
Jobs data comes from the Bureau of Labor Statistics (Bls) U.S. Dept. Of Labor. The cost to private taxpayers, from the stimulus comes from the Congressional funds Office, the Tax Foundation and the Irs based on 2008 newest data available.
The data on Gdp growth, disposable income, deficits etc. Is from the Bureau of Economic diagnosis (Bea) National revenue and stock Accounts Tables
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