Karl Rove lecturing Barack Obama about fiscal responsibility is like...
Like an arsonist complaining that the fire department is wasting water.
Like Lizzy Borden campaigning against elder abuse.
Like Tiger Woods lecturing about abstinence.
Like Sarah Palin calling Elie Wiesel shallow.
Like Lady Gaga saying you're over the top.
Like Tony Hayward saying you're not managing your image well.
Your turn. - Paul Begala
"When President Clinton took office, the federal budget deficit was $290 billion—the largest deficit in American history. In January 1993, the Congressional Budget Office projected that the deficit would grow to $513 billion by 2001. Instead, President Clinton and Democratic economic policies balanced the budget. Clinton and his Democratic allies—(not one Republican voted for the Clinton economic plan in 1993)—turned the projected $513 billion deficit into a $281 billion surplus. We lifted 7 million people—including 4 million children—out of poverty and up into the middle class, producing the lowest poverty rate in a quarter-century. We created 22.5 million private-sector jobs, lifted the wages of working people and left Social Security with a projected $2.49 trillion surplus.
Democratic economic policies under Clinton reduced the federal civilian payroll by 377,000 employees—the lowest level since the Kennedy administration. Under Clinton, federal spending as a percentage of GDP dropped from 22.2 percent to just 18.5 percent—the lowest level since 1966.
Had we simply continued Clintonomics, we would have paid off the national debt. Not the annual deficit—we'd already eliminated that—but the entire national debt, in 2009. For the first time since Andrew Jackson (a Democrat, too, by the way) was president, in 1833."
decrease in the jobless rate, from 9.7% to 9.5%, over one million of job seekers have become too discouraged and have stopped looking for work. Mostly they are black males in the midwest and young males that probably still live at home...
And, as we all lose more and more social services until we become treated like a nation of immigrants, there is more resistance and hot talking over what we need to do next. Robert Reich thinks that: "The irony is that had there been no bank bailout in 2008 and 2009, no large stimulus, and no extraordinary efforts by the Fed to pump trillions of dollars into the economy, we'd have had another Great Depression. And because it would have sucked almost everyone down with it, the nation would have demanded from politicians larger and more fundamental reforms that might well have lifted everyone, and set America and the world on a more sustainable path toward growth and shared prosperity: A stimulus that financed the rebuilding of the nation's infrastructure and alternative energies, single-payer health care, a cap on the size of big banks and resurrection of Glass-Steagall, earnings insurance, an Earned Income Tax Credit that extended into the middle class, and a truly progressive tax coupled with a price on carbon to pay for all of this over the long term." Of course, our economy could be in better shape that the statistics indicate, and a lot of it could be a snowjob of conservative propaganda to keep fostering a negative image of Obama. So, maybe I will go out and buy some illegal fireworks and do a little celebration tomorrow, see if I can find a Texas tiger-striped watermelon instead of a Chinese seedless...
TPM reports that 20% weren't sure and had no answer. Another 6% gave answers of France, Japan, Mexico, Spain, and China. The answer, of course, is Great Britain, and here I urge you to look for and enjoy the movie, based on the play by Alan Bennett, The Madness of King George, which deals with the state of mind of Britain's King George after he lost control of the colonies... They also state that the older ones were likely to get the right answer, perhaps signaling that a return of rote learning on some things may not be a bad idea. Have a happy 4th of July, and never stop learning...