In January of 2008 there were 6.6 million more payroll jobs than there are now, and 5.5 million more than at the peak of the 90s boom. I take it that all of those jobs were war-related or housing construction? Liberals have to wipe out that 6.6 million somehow, but so far they haven't done a very good job of it. I did spend a lot of time listening back then about how those jobs were somehow all "bad" jobs. Bet a lot of people wouldn't mind seeing a few million of those "bad" jobs come back.
Do you remember August of 2010, when the debate was about extending the Bush tax cuts? We were told that the "cost" to the government of extending all of them would be about $3.8 trillion over the next ten years. We were also told that the "cost" of extending the tax cuts for the rich would be $700 billion over the next ten years (New York Times) Liberals are good at suppressing uncomfortable information, but the rest of us can do the math on who walked off with most of the benefits of the tax cuts. Now you can tell me that the middle class dumped all that money into hedge funds.
Not sure what "no one was paying for anything" means. If it means people were overusing credit, you might be right. Now the bright idea is to have the government print or borrow us into yearly trillion dollar deficits and pass the money out to pay for things. Of course, this does not come under "overusing credit."
The Left in this country is just starting to realize that they're talking mostly to themselves. The rest of us are just waiting it out.
Current Events » in reply to Re: Let me see if I follow this:
The rationalizations have had a few years to be settled and solidified, and I don't think you missed a single one.
