Bush Tax Cuts Caused the Recession?

By Michael Porfido August 18, 2012 32 Comments

The Democratic Party, led by President Obama, is making the argument that the Bush tax cuts of 2001 and 2003 caused the recession of 2008. Some campaign talking points are…“Driving us in a ditch…We’ve tried their way and it didn’t work…Tax cuts for the wealthy led to the recession…Returning to the failed policies of the past”. The tax cuts were a provable overwhelming success in terms of the resulting economy. They led to good sustainable growth, and a low unemployment rate. Are we to believe that these cuts were some sort of Trojan horse that looked great for 5 years, but snuck up and bit us in year 6? In fact the President extended them for 2 years in 2010, and is interested in extending them for 98% of Americans now. Why would he allow such a destructive policy to continue if it caused a recession? Why isn’t he asked this when he talks about the failed policies of the past?

The Bush Tax cuts had the same effect on the economy that the Reagan, Kennedy, and Harding/Coolidge tax cuts had. They created sustained economic growth and jobs. The facts are as follows…

Year GDP Growth Rate Unemployment Rate

2003 2.5% 6.0%

2004 3.9% 5.5%

2005 3.2% 5.1%

2006 2.8% 4.6%

2007 2.0% 4.6%

These statistics are readily available at government websites, and could take as long as 10 minutes to research. It is bad enough that the Democrats are trying to gain political advantage by ignoring facts. It is, however, unacceptable that people in the media would propagate this falsehood when the facts are easily available. The housing crisis caused the recession. Unqualified people were able to get mortgages for little or no money down. When the price of the house went down, the mortgage went underwater. Banks packaged these mortgages in investments, and when people started defaulting on their loans it brought the financial system to the brink of collapse. This failed policy of the past is still going on under this president. The FHA still has its 3.5% down payment mortgages going out the door.

The media and the democrats ignore these statistics so they can continue to deny the effectiveness of tax cuts, when it comes to economic growth and job creation. Acknowledging these facts would also force us to look at the real reasons for the crisis. Liberals in the press love to blame the banks for the housing crisis. They were not without blame, but they just took a bad policy and accelerated it by creating investments that bet on these bad loans. This is like blaming the driver of a car for an accident when the government mandates TNT be put in the gas tank.

The President wants to blame tax cuts for the recession when he and Democrats have not recommended any changes to the policy that was the root cause of the crisis. At the same time he has endorsed almost completely, the tax cuts that he rails about. The media has really dropped the ball in terms of pointing out the incoherence of these arguments. It is left to the Romney campaign and outside groups to get this message out, so we don’t make the mistake of leaving the dipsticks in charge in Washington.

About Michael Porfido

Michael has been an editor and contributor at the website www.freemarketsfreepeople.net for over 2 years. He has over 20+ years of diverse business experience, from running complex operations where he managed hundreds of people, to starting and running small businesses such as www.realinterestfund.com. He is blessed, or perhaps cursed, with a logical mind which he uses to analyze government, media, politics, and culture. He believes that his life experiences help him bring a unique perspective to the issues of the day.

Tarik Dean

LMAO! the Bush tax cuts lead to sustainable growth..obviously not. those tax cuts helped make the housing bubble worst due to speculators whom accounted for 40% of home sales in the major bubble cites like Vegas and Phoenix. the entire increase in real GDP growth in the early 2000’s was from mortgage debt and not from real income growth. funny to hear people that know nothing about economics try to explain away the utter ineffectiveness of supply-side tax cuts. I guess they didn’t increase the deficit either! go read some economic papers.
Mario Giorno

Just thought I’d add that the 2008 U.S. GDP was 1.1% and the 2008 annual average unemployment rate was went up to 5.8%. The December 2008 monthly rate was 7.3%. W played his part in the continuation of putting off the need to pay down debt and took a supply-side position along with Cheney that deficits don’t matter. Unfortunately they do.
Parker

Bush de-regualted business and cut taxes while increasing military spending. Unemployment was 7.8 when he left office. Lets not sing his praises. Also, he inherited a surplus from Clinton.
Wally

I agree completely. I have been stating this very same thing in my replies to others. I am glad that I am not the only one. Keep up the good work.
- Michael
  
  ditto!
phil silverman

More propagandist garbage. He did the Presidential thing by extending the Bush II tax cuts – temporarily – for solid assistance on other programs/bills. He got… nothing…. from McConnell and His Kochettes. That tax relief nonsense did not CAUSE the recession…just ADDED 2-3 trillion to the freaking 11+ trillion $$$$$ debt left to Obama. No? Bernie, you got some time? Reply to my thoughtful post.
- Mattsonw23
  
  I am sorry that you feel this way but I must respond. Obama extended the tax cuts because he knows in his heart that they are effective. He even stated as much in one of his speeches. However, Obama speaks with a forked tongue. He says one thing and later he says the opposite. Just check his campaign speeches and his statements during his term in office. He didn’t extend the cuts to assist any program. His programs have been to continue spending like there is no tomorrow. His stimulus packages didn’t solve the recession. They have extended it. He gave Brazil billions to help that nation drill for oil and promised to buy their oil. That didn’t create any jobs. Instead it took jobs away from US workers. Even his base, the unions, found that move against their logic. He should have given permission for the Keystone pipeline that would have created jobs. Instead he delayed the project because he is against fossil fuel energy and has stated that he wants existing energy costs to increase to help his green energies to compete. The government is not our friend. They, both republicans and democrats, keep making more and more laws but do not delete any. There are 10,000 pages of laws enacted each year and few are effective. In fact, most end up creating more problems than they solve. Most laws are not read or understood by our elected legislators. Do you believe me? The Health Care bill was a classic example. The bill was over 2000 pages and no one read it and yet it was passed by a democratic house and senate. Don’t you ever wonder how the nation has survived under these conditions? What must be done is to stop the spending, get rid of old laws, make laws simple so ordinary people can understand, Enact laws that encourage industry and business, use economic sense when environmental laws are enacted, have over site on EPA regulations and stop giving away our money. Then and only then will I vote for the individual.
MARYJOE

This country was doing just fine till we got an Democratic congress. after all they hold the purse strings. Now the Republicans have to clean up their mess.
Do you hear that Nancy and Harry?
- sjangers
  
  Exactly correct, MARYJOE. The national economy will always be somewhat cyclical, but the serious trouble didn’t start until the Democrats took control of Congress in January 2007. By whatever measure you assess economic strength, there were no serious concerns with our economy until after the Democrats got a hand in the game.
- phil silverman
  
  Gee,I did not know that the the two unfunded wars, unfunded pharma., and unfunded tax relief for the top 1% came after 2006.
  - MARYJOE
    
    The people on top [1%] give the one’s on the lower level the jobs.
    Increase their taxes and there goes more jobs.
    Bush did cost the tax payers with the wars, Obama has only made things much worse. That’s why we need a business man and not a politician. Obama was not qualified to be president, he had no experience doing anything, he wasn’t even present for votes in the house or senate. The economy got so much worse with the Dems and that’s a fact. Like it or not ,it’s the truth. Do you really think the stimulus worked? Do you really think Obamacare will be good for the country?
  - sjangers
    
    Well they didn’t, Phil. But then again, 8% plus enemployment, the mortgage crisis, skyrocketing transportation and food prices, and a massive general decline in national wealth didn’t arrive until after the Democrats had taken control of both houses of Congress in 2007, so perhaps you’ve misidentified the cause and effect.
- George – CPA
  
  Like most of the GOP, except for
  Republican President Abraham Lincoln who said this,
  
  President Abraham Lincoln, the Illinois Rail-Splitter, told
  his audiences that,
  
  “Labor is prior to, and
  independent of, capital. Capital is only
  the fruit of labor, and could never have existed if labor had not first
  existed. Labor is the superior of capital,
  and deserves much higher consideration.” 1861
  
  The GOP will do everything they can to keep the power and wealth
  with the top 20% mainly the top 1% and doing everything to keep everyone else
  down and pay everyone else low wages and benefits.
  
  We need Universal Health Care, Social Security and Medicare
  without privatizing anything. All these
  programs work great and the GOP should keep their hands off.
  
  As for Paul Ryan, he is just
  another spoiled rotten kid born with that silver spoon in his mouth. He is a
  two-faced lying religious fanatic that will destroy women’s rights and set
  woman back at least 100 years.
  
  It is funny how Paul Ryan is using his millionaire Mom
  Elizabeth ‘Betty’ Ryan Doulas as the poster child for Medicare. When vacationing in Florida for the winter,
  she lives in a 3-bedroom town house close to the beach in a gated community about
  20 miles from Miami that is now worth about $500,000. When in Janesville,
  Wisconsin for the rest of the year, she lives in a huge home within a few blocks
  of at least 6 other Ryan’s in million dollar homes. The Ryan’s are owners of a
  billion dollar business (Ryan Incorporated Central, which was founded by Great
  Grandfather) and none of them has ever been without whatever they wanted. They are all very wealthy folks. It is a pathetic joke, like Governor Romney,
  all liars.
  
  And, Governor Romney did not serve this country; he is a
  coward and draft dodger. The Utah Olympics
  would have been a failure without over $1 Billion dollars in Federal earmarks
  that Romney used to give construction contracts to all his wealthy Mormon
  friends. Romney then destroyed all the
  records so his illegal activities could not be looked into. Just like that dishonest fraud Romney
  destroyed all the records and hard drives when he left office as Governor
  of Massachusetts.
  - sjangers
    
    Like you,
    George, I also have a deep respect for Lincoln and a high regard for his
    character and his intellect. So it’s particularly gratifying, in this instance,
    to see that some of you Democrats are willing to cross party lines and embrace
    new ideas, even if it sometimes takes you 150 years to do so. But I think, in
    your ardor, and perhaps confused by the passage of time, that you might have
    missed the point that Lincoln was trying to make.
    
    Lincoln
    observed that “(l)abor is the superior of capital, and deserves much the
    higher consideration” during the course of his December 3, 1861 Address to
    Congress. He said this in the context, first, of a much broader argument about
    the relative value of labor versus capital in society, relating to proposals
    for a government role in favoring one over the other; but also, second, against
    the backdrop of the first year of the American Civil War. And this second point
    is probably the more significant consideration.
    
    The argument
    that Lincoln was refuting was the claim that the power of government should be
    used to keep labor in a position of perpetual servitude to capital, whether as
    a permanent class of hired laborers or as chattel. In stating that labor always
    exists prior to capital- a trenchant observation- and therefore deserves higher
    consideration, he was engaging, perhaps, in some mild hyperbole in the service
    of making his point.
    
    While Lincoln
    may have had a moral preference for labor, as a natural and good state for man
    on this earth, I sincerely doubt, based on many years of reading about his
    works and his words, that Lincoln would have ever advocated for the
    subservience of capital (representing those who saved some of the fruits of
    their labor for future use) to labor. In fact, he states his support for the
    rights of capital in the same speech that you cited. You’re getting into some morally suspect
    territory whether you argue that labor should ever be compelled to work and
    cede large parts of its product to others, or that capital should be required
    to forfeit substantial benefit of its fruits (for example, codifying a tax rate
    of one-half, two-thirds, of even three-quarters of the annual benefit on those
    who are particularly successful in nurturing the growth of their capital) to
    the unappreciative advantage of others.
    
    Society needs
    labor, capital, and people with ideas in order to flourish. It doesn’t need any
    one more than the others in the grand scheme of things. All play an important
    and relatively equal role in the success of any large collection of
    individuals. We do ourselves no long-term good when we use the power of
    government to advance one over the others. Government has a valid role in
    ensuring that no group takes unfair advantage, but it does much more harm than
    good when it chooses sides with one over the others.
    
    Lincoln, I’m
    certain, understood this point. If we want our society to continue to flourish,
    we also need the same level of understanding. We need to end these bitter and
    destructive class warfare arguments. They only serve to promote the short-term
    advantage of certain unscrupulous members of the political class who put their
    own interests ahead of the interests of our country. If there’s any group in our society
    particularly deserving of shame and condemnation, it’s that group.
  - sjangers
    
    Like you, George, I also have a deep respect for Lincoln and a high regard for his character and his intellect. So it’s particularly gratifying, in this instance, to see that some of you Democrats are willing to cross party lines and embrace new ideas, even if it sometimes takes you 150 years to do so. But I think, in your ardor, and perhaps confused by the passage of time, that you might have missed the point that Lincoln was trying to make.
    
    Lincoln observed that “(l)abor is the superior of capital, and deserves much the higher consideration” during the course of his December 3, 1861 Address to Congress. He said this in the context, first, of a much broader argument about the relative value of labor versus capital in society, relating to proposals for a government role in favoring one over the other; but also, second, against the backdrop of the first year of the American Civil War. And this second point is probably the more significant consideration.
    
    The argument that Lincoln was refuting was the claim that the power of government should be used to keep labor in a position of perpetual servitude to capital, whether as a permanent class of hired laborers or as chattel. In stating that labor always exists prior to capital- a trenchant observation- and therefore deserves higher consideration, he was engaging, perhaps, in some mild hyperbole in the service of making his point.
    
    While Lincoln may have had a moral preference for labor, as a natural and good state for man on this earth, I sincerely doubt, based on many years of reading about his works and his words, that Lincoln would have ever advocated for the subservience of capital (representing those who saved part of the fruits of their labor for future use) to labor. In fact, he states his support for the rights of capital in the same speech that you cited. You’re getting into some morally suspect territory whether you argue that labor should ever be compelled to work and cede large parts of its product to others, or that capital should be required to forfeit substantial benefit of its fruits (for example, codifying a tax rate of one-half, two-thirds, of even three-quarters of the annual benefit on those who are particularly successful in nurturing the growth of their capital) to the unappreciative advantage of others.
    
    Society needs labor, capital, and people with ideas in order to flourish. It doesn’t need any one more than the others in the grand scheme of things. All play an important and relatively equal role in the success of any large collection of individuals. We do ourselves no long-term good when we use the power of government to advance one over the others. Government has a valid role in ensuring that no group takes unfair advantage, but it does much more harm than good when it chooses sides with one over the others.
    
    Lincoln, I’m certain, understood this point. If we want our society to continue to flourish, we also need the same level of understanding. We need to end these bitter and destructive class warfare arguments. They only serve to promote the short-term advantage of certain unscrupulous members of the political class who put their own interests
    ahead of the interests of our country. If there’s any group in our society
    particularly deserving of shame and condemnation, it’s that group.
    - George – CPA
      
      You still don’t get it.
      
      Lincoln would never have allowed the outsourcing of even one American job, and is turning over in his grave because over 20 million jobs have been outsourced just to pay more dividends to the top 1%.
      ====================
      
      Congress needs to pass legislation making it illegal to even outsource one job and kick out all the companies out that do not bring those jobs back. If that does not happen, America is doomed except for the very wealthy. We can take those companies over under eminent domain and have them run by the working class and owners that will keep those jobs in America
      =====
      
      If it does not happen soon, a revolution to overthrow the wealthy will happen and it will happen sooner than you think. Karl Marx got it right, to bad you don’t get it! Screwed the Wealthy and take their money and throw them out of America, the sooner the better – starting with the wealthy doctors who are not in favor of Universal Health Care! The the Hunt Brothers and all oil Billionaires , and the Bush Family. ====
      
      ======
      In addition, we need 100 million wind turbines in America, and all people in warmer climates
      need to be driving electric cars, being forced by the government if
      necessary. All trucks need to be on
      natural gas and all diesel trucks and buses eliminated. Coal production needs to be phased out.
      - sjangers
        
        Oh, I’ll probably never get it, George. Too many years of studying would-be utopias and their intersection with real human behavior to really want to get it. I’m afraid that if I ever got it they’d never be able to cure it.
        
        Personally, I’m not sure how Lincoln would have reacted to attempts to outsource large numbers of American jobs. I doubt he ever thought about it. At the time, America was too busy in-sourcing foreign capital. For that matter, the dependent relationship between labor and capital was nowhere near as pervasive at that time in human history. It couldn’t have become a major economic issue for Lincoln.
        
        I’m sure you have identified a number of serious problems with the way our economy and society presently works. If you and I were to make separate lists, we might even find that we agree about most of the problems. But the difficulty lies in finding effective solutions.
        
        Before you insist, with an excess of conviction, that you have the answers to many of the problems that ail our society, you really ought to model you solutions. If there are examples where those solutions have been tried, great! How did they work out? What were the advantages and disadvantages?
        
        If it’s a new idea, you should at least first give some consideration to what’s likely to happen as a result of your proposals. Not what you want to happen. Not what you think should happen. What is likely, based on existing knowledge of human nature, economics, physics, or appropriate field of study, to happen? Because more often than not the proposed solutions will create more and bigger problems than those they are attempting to address. In my opinion, there would be enormous problems if you tried to implement any of the ideas you offer in this post; probably much bigger problems than those you’re trying to solve.
        
        If you want to talk about some of your proposed solutions, and not just cut-and-paste more talking points into another post, I’d be happy to share ideas and consider solutions. Just let me know. I’ll be around here, at least until I get it. After that it might be a little bit harder to pin me down.
GWL-CPA

The Bush Tax Cuts did help cause the recession. Over Ten Trillion dollars over 10 years that
could have went against the deficit.
Also, bank deregulation played a big part. Bush gave all his big banker friends a huge deregulation
break that allowed them to screw the public and make trillions, like it always
is – The wealthy screwing everyone else.
And, none of the Bush’s banker friends have served one day in jail for
defrauding and cheating the middle class and poor out of Trillions. And, trickle-down economics is the biggest GD
lie to ever be presented to the public.

==========================================================================================================================================

Then there is the fact that
President Bush did nothing to stop the outsourcing of millions of jobs. Over 20 million jobs have been outsourced to
make the wealthy wealthier – the top 1% – the new ruling Kings and Queens of
America – the Plutocracy. Outsourcing
jobs is all about making the wealthy wealthier by giving them billions more in
dividends each year and allowing those above the glass ceiling to get paid
billions in egregious salaries and exorbitant bonuses – trillions each decade. All the
wealthy should be taxed at 90% for all income over 3.5 billion. And, the estates and trusts should be tax at
95% on everything over 3.5 million – on the existing estates and trusts based
on total assets, and, then on income each year – i.e., no estate or trust would
end up with more than 3.5 million dollars in total assets after being taxed. These estates and trusts over 3.5 million should
be dismantled – NOW and that money used to help pay off the national debt!

And, then there is the fact that he funded those tax breaks
for the wealthy and two wars on credit.
Those wars so his wealthy friends could make billions manufacturing
weapons and supplies. And, those are
companies the Bush family has financial interests in. And, to protect the Bush’s oil
interests. The Bush Presidents were all
about protecting their oil interests and making millions for themselves,
family, and friends. Total lying bums!

==========================================================================================================================================

President George Bush was a
reformed drunken coke-head that loved screwing cheerleaders, who found God and
became President; and then, he cheated to get reelected with his dishonest governor
brother Jeb Bush who rigged the vote in Florida. Total Texas AH’s. I lived in Texas and had to work with many
spoiled rotten silver-spoon- in-mouth Texans like Bush and his family – all pathetic
jokes – but good-old boys.

Congressman Paul Ryan is another
pathetic spoiled rotten punk born into a family owed business worth billions. He never had to go without or want for
anything, nor did his Mom or Grandparents, or anyone in the Ryan family. How many average Americans can live in a
State that has very cold winters and then jet-set to Florida each winter to
avoid the cold, as Ryan indicated that his retired mother does. He claims his mother worked, which I doubt,
maybe part-time in the family business? If
they were so poor, why did Paul Ryan not go to college in Wisconsin? He had to go out-of-state and pay 5 times the
tuition going to Miami in Ohio – total joke – he Dad’s Social Security Survivor
benefits did not pay for that, he wealthy billionaire family paid for most of
that. Congressman Paul Ryan is not telling the whole truth about his very
wealthy family and the fact that they never faced any hardships. More lies by a wealthy person. Ryan lies are pale in comparison to Romney’s
lies, but both he and Romney are still a two-faced liars.
- Jeffreydan
  
  Let’s say for a moment that even one “point” in your sanity-challenged rant is true. If BO knew how to govern or gave a damn about leading, things would have gotten better by now. Competent presidents with good policies produce noticeable improvements well before the 3-year mark, and have done so with economies as bad or worse than this one.
  
  And if you’re going to rail against out of touch politicians who are in bed with rich, powerful special interests whom they shower with taxpayer-funded largesse, you’re a bigger idiot if you vote democrat instead of Republican.
  - GWL-CPA
    
    You are apparently an uneducated moron, like most of Benard
    Goldberg’s followers; and most likely, you are not one of the wealthy and are
    too getting screwed, but are too stupid to even know it. How can you be that stupid?
    
    ===================================================
    
    You right wing reactionaries are like the dinosaurs, you
    will soon be extinct; you will have to
    move from America to some deserted island and form a new government, something like
    in the novel “Lord of Flies.”
    
    ====================================================
    
    America will have Universal Health Care and better Social
    Security, and we will overthrow the wealthy; and, you punks ain’t going to be
    able to stop it.
    - Ahalbert
      
      When a progressive can’t counter the facts of the article, he resorts to vapid remarks like yours.
      - GWL-CPA
        
        You are nuts and uneducated. I stated the facts; but, you are too uneducated to understand the facts. I bet your Mom, Dad, and grandparents were all faithful Republicans too. All little sheep,
        Baaaaa, Baaaaa,
        Baaaaa.
        
        ————————————————————
        
        You folks will never get it; and, you will be left behind in the dirt when the working class and poor take over America and the world.
  - phil silverman
    
    competent? good policy? how could anyone tell with the MOST OBSTRUCTIONIST HOUSE in history? Infrastructure bill, from 70% of the Senate, is treted with mock and jest. Stimulus $$$$$ returned by Red States. Yeah, incompetent. I guess that makes Cheney-Bush incompetent, as the auto “bailout” was a Republican plan and so was Solyndra and the 10 yr. tax program (which further enriched the top 1% aand added about 2.5 trillion $$$$$ to the debt). JOHN BIRCH ROCKS!!
    - phil silverman
      
      (edit): TREATED WITH MOCK AND JEST……….
bullterrier_1

Please anonymouz – stop drinking the Kool Aid ! Take the 10 minutes the author suggests and look the numbers up on the government websites. They are probably right their next to all Barry’s edits of history showing he is the supreme being and savior of America.

The author is absolutely correct on the housing bubble causing the recession. Your friends Chris Dodd and Barney Frank (while getting sweetheart loans from Countrywide) forced banks to loan money to people in amounts they were unqualified for. Now that they can’t pay the loans, those of us who are responsible and actually read contracts before we sign them, are supposed to sit idly by as Barry wants to reduce their mortgage principle with my tax dollars while I get no relief and actually see my taxes go up. Really, really!

I suggest you spend a sober Saturday (no David Axelrod-Debbie Wasserman- Schultz Kool Aid) and review the economics facts since the great depression. There are only two things that ever pulled the American economy out of tailspin – war and significant tax cuts. Happened every time – lower tax rates, bigger GDP growth, more revenue! Problem is we just kept tacking on more spending to the already obese “great society” concept (maybe we can get Michelle to work on that obesity problem). Ooops – did I just use some angry code words?

No Obama 2012
- phil silverman
  
  Frank did not cause the subprimne disaster, no matter what Bill O”reilly said to convince you: his job – listen & learn, if possible – was the enforce the BIPARTISAN law, extending back to Reagan. Further, he tried to change the system to apply only to RENTALS!!! Because of de-regulation mania it was not gonna happen. Understand?
Joe Cerisano

It doesn’t take a rocket scientist to see that Bush and his buddies and both parties took a big dump on America with the unfunded, unprovoked Iraq war and tax cuts. I remember telling my wife “It’s gonna be a real mess when the cows come home” and it now is. This picking sides is just wasted BS that both sides including the networks, make money with while most of regular people get the *hitty end of the stick.
GlenFS

Right on, Michael. Good one.
anonymouz

Sorry, but I find your article quite simplistic and the conclusions you are drawing are not supported by the data you have presented (without listing sources). Doesn’t mean that you are wrong but you can’t just throw up a few numbers on GDP growth and unemployment (Is this U3 or U4? You don’t say so I don’t know!) and say “Look! See we had growth and less unemployment than we do today ergo, Bush tax cuts are totally awesome!” Spend a Saturday and post another article showing some REAL analysis that can actually demonstrate the claims you are making. There are a million articles on the interwebs that make superficial claims about the economy, but honestly what is the point in reading them if its just more “The other side is bad and my side is good because I say so!”
- venter
  
  I will make it clear Are you better off than you were 4 years ago. How many people do you know with out jobs. Did you hear the report that unemployment is ‘s cuts. What does that say about Obama’s he’s talking about extending the ‘bad’ Bush’s tax cuts again. WHY? Won’t that hurt us and the bad 98% they have to be punished. It is almost 4 years Bush is not in office. Shouldn’t the tax cuts now be titled “Obama/Bush” tax cuts..
  - venter
    
    Had a typing glich with original reply to Anonymouz… it is rewritten here
    
    I will make it clear. Are you better off than you were 4 years ago? How many people do you know who are out of work? Did you hear the report on unemployment, it is up in many states . That was reported yesterday. Michael is right Obama has extended Bush’s tax cuts. What does that say about Obama if he extends the “bad” tax cuts again. Won’t they be bad AGAIN for the 98%. It is almost 4 years that Bush is out of office. Shouldn’t the tax cuts be titled “Obama /Bush” tax cuts?
  - George – CPA
    
    You are dumber than mud.
    
    The tax cuts are not Obama’s. He agreed to the extension to get other
    things passed. The Republicans and Tea Partiers have blocked everything that
    would help this economy because they are racists that do not want a black man
    reelected. Millions could be working on rebuilding
    the infrastructure right now. Racism is alive and well in America despite all
    the bull about equal rights. Most all
    the Southern States are totally racist, as well as many of those in the North. But guess what, whites are becoming the minority
    race in America – you right wing reactionaries better wake up and smell the
    coffee. The working class will destroy
    you pukes.
    
    The right wing Tea Partiers and Republicans in Congress
    should be tarred and feathered and sent
    home on a rail. We will get rid of the pathetic
    moron racists like Michele Bachmann, Paul Ryan, John Boehner, and Mitch
    McConnel, and the rest of the stupid moron right wing jerks that are destroying
    America. There are more of us – the 99%
    – the working class – the people responsible for making America possible – and
    we will kick all the right wing reactionary racists out of Congress.
    
    The unemployment rate in America
    is so high because the large corporations have been allowed to outsource over
    20 million jobs for cheap labor, as low as 51 cents per hour. That allows these corporations to pay
    trillions more in dividends to the wealthy 1%.
    That will soon stop! The working
    class will revolt and stop it! The
    current Plutocracy’s days are numbered.
    Congress better pass laws making it illegal to outsource jobs and to
    allow companies like Apple to sell their products in America.
    
    So
    it is not President Obama’s fault you retarded uneducated far right jerk.

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