For over forty years the Republican Party has been captured by individuals whose knowledge of economics is centered in some wonderful 19th century concepts that individuals must be freed of all government regulations and the best way to stimulate the economy is to give tax cuts–to the wealthy, that is. George Bush assumed office in January, 2001, and he was given a balanced budget, in fact, one that had a surplus. The national debt was $5 trillion and Clinton had actually begun paying it down. Eight years later after Republican rule, the national debt is $11 trillion, and wealthy people have enjoyed terrific tax cuts in order to make them even wealthier. The gap between the top one percent and the rest of America is the widest in history. Our financial institutions have been wrecked under Republican rule, but the people who control the Republican party in Congress insist all problems stem from those damn Democrats.
I gather Republicans are pointing out that EVERY SINGLE MONDAY DURING THE OBAMA ADMINISTRATION HAS WITNESSED THE LOSS OF 50,000 JOBS! Yes, the economic problem confronting America are the fault of those DEMOCRATS! The Republican party backed every single economic mistake of Bush and passed earmark laws after earmark laws, but suddenly, they have found religion and don’t want to build bridges in Alaska that go nowhere.
Not a single Republican voted for the economic stimulus package and all they could mumble about was the need for MORE TAX CUTS! Could Republicans please tell America how an individual who has just lost a job is going to benefit by a tax cut! Are Republicans living on planet Xul? People need JOBS, NOT TAX CUTS!
If Republicans continue their obstructive behavior we may well witness the disappearance of the Republican party or the coming to power of the next Republican idiot– Sarah Palin and looking across the Bering Straits as a way to deal with our economic problems.