Bush outlines his plan to kick start the economy
He wants the tax cuts for the top one percenters to be made permanent..but the ones he is outlining for the rest of America should only be a one-time deal.
Of course this part really chapped my ass: Folks at the bottom of the economic rung shouldn’t get shit..because that is considered welfare.
Fuck you Frat boy.
When his speech is online..I will post the hilarious parts..or in the case of the middle and lower class..the pathetic parts.
Edit: Here it is..what the Jackass-in-Chief wants and what bullshit he spewed. Some lowlights:
Our economy has seen the longest uninterrupted period of job growth on record – 52 months of job growth – but job creation has slowed recently. Consumer spending has been growing, but the housing market is declining.-Ok..now the December report on how American’s spent their money showed it was in the toilet, the worst since 1991. The NYT stated: Strong evidence is emerging that consumer spending, a bulwark against recession over the last year even as energy prices surged and the housing market sputtered, has begun to slow sharply at every level of the American economy, from the working class to the wealthy.
Sorry Bush, but your full of shit on that first point right out of the box. The way the government fixes it’s statistics on job growth have been bullshit for years. Too many variables that should be included in that statistic aren’t.
while the income of the top one percent of Americans that don’t actually work for a living and that love their stocks and hedge funds has continued to grow. To say we are growing and jobs are being created might be true..but what is the average wage of those ‘new’ jobs? The NYT article linked above shows how the lifestyles of average American’s has changed drastically:
One consequence is an upending of the traditional pattern, in which middle-aged children take in an elderly parent. As $15-an-hour factory jobs are replaced by $7- or $8-an-hour retail jobs, more men in their 30s and 40s are moving in with their parents or grandparents, said Cheryl Thiessen, the director of Jackson/Vinton Community Action, which runs medical, fuel and other aid programs in Jackson and Vinton Counties.
The Economic Policy Institute, EPI tells you and shows you graphs and charts on how wages have suffered for the working part of America:
With the release of today’s consumer price index for December—up 0.3% for the month and 4.1% for 2007—we can now examine how real hourly and weekly earnings did over the course of last year (comparing this December to last December).
As shown in Figure 1, both hourly and weekly earnings fell in 2007, a sharp reversal from the gains in 2006. After growing by about 2% in 2006, both hourly and weekly earnings fell, after adjusting for inflation, by about 1% last year.
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