federal budget deficit
job creation 1961-2012
US net investment position
results of Reaganism (in charts)
gap between rich and every body else
relative tax burden on the richest Americans
Presidential Term and Jobs created per month:
G H Bush: 52,00
G W Bush: 31,250
Before Reagan we had a missive middle class, the greatest production capacity in the world and a national debt under one trillion dollars. After 12 years of what is now standard Republican party policy they had tripled the national debt and Bill Clinton got elected on the slogan "it's the economy, stupid".
Bill Clinton came in and raised taxes on the rich, cut taxes on the poor and the middle class, increased government investment in basic R&D, tech, public education and infrastructure spending. By the end of his term we had created 23 million new jobs, took the Dow from 3300 to 10,700, eliminated the federal budget deficit and had the price of oil at $18 a barrel.
Then W/Cheney took over, cut taxes on the rich, raised taxes on the poor and the middle class, deregulated the financial sector and the energy sector, started tongue kissing the Saudis, jacked oil up to $140 a barrel, slashed public education, stopped investing in infrastructure and lied us into Iraq and it ended up a God-damn-national disaster. They tripled the national debt (again), left us losing nearly 800,000 jobs a month, the Dow at 7000 and the entire banking sector on the verge of collapse.
Now, although Obama and Democrats have not been able to overcome Republican filibustering of pretty much everything, they have passed enough historically proven public policy to turn things around. No argument can be made for going back to the Republican party policies that have so clearly been so devastating to the country. Only our enemies and those looking out only for the CEO class and Chinese factory owners would disagree, but they're clearly not acting in the best interest of the country