“It will raise your taxes, increase the deficit, and kill over one million jobs.” – Joel Hefley (R-CO)
“This plan will not work. If it was to work, then I’d have to become a Democrat. … your economic program is a job killer.” – John Kasich (R-OH)
“I believe this will lead to a recession next year. This is the Democrat machine’s recession, and each one of them will be held personally accountable.” – Newt Gingrich (R-GA)
“Clearly this is a job killer in the short run. The impact on job creation is going to be devastating. … Like so many of the President’s past promises, deficit reduction will be another cruel hoax.” – Dick Armey (R-TX)
“Hundreds of thousands of Americans will lose their jobs because of this bill, and the President will be one of them.” – Phil Gramm (R-TX)
“It will not cut the deficit. It will not create jobs. And it will not cut spending.” – Jim Bunning (R-KY)
“… will stifle economic growth, destroy jobs, reduce revenues, and increase the deficit.” – Jim Ramstad (R-MN)
“… a recipe for economic and fiscal disaster.” – Phil Crane (R-IL)
Sound familiar? Then you might be surprised to learn that all of these quotes are from 1993 — one year into the term of President Bill Clinton — when he passed his budget without a single Republican vote. Of course, as we know now these predictions were dead wrong. Instead of a recession, America went on to have the greatest economic boom in the history of the world while simultaneously reducing the deficit until it turned into a $5 trillion budget surplus. Well, that is until the Republicans got back in power.
Bet my last dollar the current crop of doomsayers will be wrong too.
(politicalirony.com)Do you recognize any of the following quotes from Republican politicians?
Nicely done. It reminded me of the drastic (and silly) things that were said against the passage of Social Security and Medicare.
Those who mistakenly think Republicans are the party of small government and fiscal responsibility should see the charts here because the numbers tell the real truth:
http://images.google.com/images?hl=en%26amp;rl…
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The Republicans won congress in 1994. They controlled the budget, not the president. The Republican House and Senate was fiscally conservative.
During Bush's presidency in 2006, Democrats took control of congress and the deficit dramatically increased.Do you recognize any of the following quotes from Republican politicians?
Democrats are already fixing the economy created by the negative Republicans. All they know how to do is criticize while sitting on their hands and doing nothing. It takes action, not complaining.
Wow, Clinton passed a budget for one year. He didn't seize an entire industry and spend 750 billion on "crony capitalism" to gain more power over the people.Do you recognize any of the following quotes from Republican politicians?
I would like to think you're right... BUT .. I will wait another year .. before I stamp that in cement...
I think it is often easier to see these things from outside... ( lol .. though .. i know Fizzy will disagree.. but that's cool ...we can disagree with civility :) )
That was a well written and thought out piece. Next time, try to use fact in your summary instead of grabbing random "facts" and numbers out of your rear-end.
Clinton didn't have anything to do with the dot-com bubble.
I remember the Clinton years and they weren't all that great. We lost a lot of good paying jobs and gained a lot of low paying jobs.
But once the Democrats got a super majority and Obama became President the spending has been insane. When that much money is taken out of the private sector unemployment follows. We're still in double digit unemployment right now. All that spending has gotten us into a bad situation.
"Sound familiar? Then you might be surprised to learn that all of these quotes are from 1993 — one year into the term of President Bill Clinton — when he passed his budget without a single Republican vote. Of course, as we know now these predictions were dead wrong. Instead of a recession, America went on to have the greatest economic boom in the history of the world while simultaneously reducing the deficit until it turned into a $5 trillion budget surplus. Well, that is until the Republicans got back in power."
When they made those predictions they had no idea at the time that they would win the majority of congress the very next year, and as a result control the purse strings for the next 6 years under Clinton. For 40 years the Dems controlled the majority, and there was no reason to think that it wasnt about to change for another 40 years. In fact, even the Dems were admitting that their budget of 1993 would lead to a 200 billion dollar deficit and we'd be seeing 200 billion dollar deficits for as long as the eye can see.
"Bet my last dollar the current crop of doomsayers will be wrong too"
I'll take that bet, but only with the proviso if Republicans fail to capture the majority, and Dems still control both houses of congress all the ways through Obamas term.
Hate to break it to you, but Republicans got control of Congress in 1994. That's who you have to thank for the economic success, and Clinton was also using a generic-based system of Supply-side economics. That's right! He was using Reaganomics. How do you explain why prices were so low, inflation was kept in check, and everyone was able to buy tons of stuff because they weren't being taxed to death.
It was only when a Democratically controlled Congress took over in opposition to a President who didn't know the first thing about economics, is when the budgets were going out of control. Dems wanted to spend, spend, and spend that nice surplus, and the Prez who also needed the money for the military. Too much spending all around while the revenue (while high) wasn't getting any higher. Simple business 101. If you spend more than you make, you will be in trouble. Not to mention also, but the terrorist attacks and the dotcom bubble had burst. Kind of like the housing bubble burst in 2007. No president is responsible for that, but what they do afterwards is.
Obama hasn't learned either. He is following the Bush model. Spend, spend, spend, and not to mention the billions more that he gave the companies in the form of bailouts, than Bush ever did. Those companies deserved to crash. Doing the people wrong by deceptive business practices, and like any good business, they deserved to have their actions bite them in the end. Instead, what happens, they are rewarded for screwing all of us over. Gee, thanks, Obama.
Stay away from our economy thank you very much!
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