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Who has the Better Economy??

1.2 million Americans have lost their jobs since the $800 billion stimulus package was signed into law.

The stimulus package has directly destroyed tens of thousands of jobs. A provision in the stimulus package that blocked 97 Mexican truckers from U.S. roads “caused Mexico to retaliate with tariffs on 90 goods affecting $2.4 billion in U.S. trade,” destroying 40,000 American jobs.

Yet, Obama had the audacity to claim that only passing the stimulus package would save us from “irreversible decline” and economic ““disaster”.

Remember how Democrats used to complain about Bush and his “tax cuts for the rich”? Yeah, it’s strange how only people who pay taxes (59% of the public) can actually get tax cuts, isn’t it. But Obama has an even better idea: “tax hikes for the poor”.

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Answer Question
 
RutterMama

Asked by RutterMama at 11:34 PM on Jan. 13, 2010 in Politics & Current Events

Level 12 (896 Credits)
Answers (19)
  • This is not to mention the electricity tax (cap and trade), the cigarette tax, taxing employee health care plans, and the rising cost of living caused by protectionism.
    Spending by all levels of the Canadian government peaked at 53 percent of the country’s GDP in the early 1990s, then plunged to 40 percent in 2008. U.S. government spending has risen, reaching 39 percent of GDP in 2008. And with the stimulus package, that number is likely to jump even higher.

    The Canadian government cut its debt from 71 percent of GDP in 1995 to 32 percent in 2008. Under President Obama’s budget plan, U.S. federal public debt will jump from 41 percent of GDP in 2008 to more than 60 percent next year.

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    RutterMama

    Answer by RutterMama at 11:35 PM on Jan. 13, 2010

  • Canada has balanced its budget every year since 1998 — not by raising taxes, but by cutting spending. The United States balanced its budget for four years in the late 1990s, but now deficits are so large that it’s difficult to imagine that ever happening again.

    Canada has cut the corporate tax rate from 28 percent to just 15 percent, and most provinces have trimmed corporate taxes as well. The U.S. federalstate rate stands at about 40 percent, and the Obama administration is planning to increase corporate taxes.
    RutterMama

    Answer by RutterMama at 11:36 PM on Jan. 13, 2010

  • OP, I'm sure someone will now tell you it's not the government's job to create employment. 


    Obama's stimulus=major fail.  Imagine what his administration would do with health care. 

    Anonymous

    Answer by Anonymous at 12:10 AM on Jan. 14, 2010

  • If I was on a computer and not my iPhone I'd point out all of the inaccuracies. But I do think Canada does have a better economic system than us. I'm also a democratic socialist though.
    mommy_lisa25

    Answer by mommy_lisa25 at 12:11 AM on Jan. 14, 2010

  • Just so you know also, I didn't write the article. I was working tonight and came acrossed it and found it very interesting!
    RutterMama

    Answer by RutterMama at 12:23 AM on Jan. 14, 2010

  • And yet, the Obama Administrations CONTINUES to spin their "stimulus bills = job creation" any which way it can!!!


    ***


    "In a little-noticed December 18, 2009 memo from Office of Management and Budget director Peter Orszag the Obama administration is changing the way stimulus jobs are counted.


    The memo, first noted by ProPublica, says that those receiving stimulus funds no longer have to say whether a job has been saved or created.


    In other words, if the project is being funded with stimulus dollars – even if the person worked at that company or organization before and will work the same place afterwards – that’s a stimulus job."


    LINK

    LoriKeet

    Answer by LoriKeet at 7:02 AM on Jan. 14, 2010

  • This graphic gives a true measure of the health of our economy. 


    Even a "Bush Did it too" person can see that: 1.) the deficits Bush was running were a FRACTION of what Obama's is doing, and 2.) Bush was well on his way to eliminating the deficit until the DEMOCRATS took over Congress in 2007!


    They can play games with the unemployment numbers, and they can make GDP look better, (because that includes government spending), but bottom line--there is NO WAY we can pay for the rest of his agenda!


    LoriKeet

    Answer by LoriKeet at 7:26 AM on Jan. 14, 2010

  • Well said Lori...
    ;o)
    grlygrlz2

    Answer by grlygrlz2 at 8:35 AM on Jan. 14, 2010

  • VERY well said Lori!!!
    RutterMama

    Answer by RutterMama at 9:02 AM on Jan. 14, 2010

  • And now he wants to tax the banks.
    Carpy

    Answer by Carpy at 9:59 AM on Jan. 14, 2010

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