Pelosinomics

[zuni_rocket]

This was a very good read ! I hope that the out come is not what some predict. Here we go again, The the reappointment ofFairness Doctrine by democrats to silence criticism of their draconian policies &restrict free speech again.

Jim Bishop

Pelosinomics INVESTOR'S BUSINESS DAILY

Posted 10/6/2006

Political Economy: Now that it's all scandal, all the time in Washington, the Democrats are letting their guard down a bit to tell us what they'll do with the economy after they win in November. Maybe we should listen.

House Minority Leader Nancy Pelosi has been all over the place talking about what Democrats will do after they win Nov. 7. But it's hard to take her seriously when she promises to "jump-start our economy and reform our economic policy . . . to address the needs of working families."

Huh?

"Jump-start the economy"? That's what President Bush did in 2003, when he pushed through bold, broad tax cuts to end a slump that began in 2000 under a Democratic administration.

Since the cuts took effect, the economy has added $1.26 trillion in real output, $14.4 trillion in net wealth and 5.8 million new jobs, while productivity has grown 10% and business investment 24%. Since 2000, total consumer spending has risen $1 trillion ? nearly $8,000 per household ? after adjusting for inflation. The Dow Jones industrial average is hitting new highs.

Then there's the budget deficit, which the Congressional Budget Office reckons will come in around $250 billion. By our calculations, that's about 1.9% of total output. In early 2004, when Bush vowed to halve the shortfall, it stood at 3.6% of GDP.

The fact is ? and we're dealing with facts here, not fantasies ? this economy has done better than anyone expected, especially given the mammoth hits it took in the months just before and after Bush took over in January 2001. Democrats know this full well, despite their rhetoric.

They know that nearly $7 trillion in wealth was washed away by the stock market's collapse in 2000 and 2001. They also know that business investment essentially collapsed for three years as a result of that market meltdown and 9/11.

And yet, as noted in a new report from Congress' Joint Economic Committee, ours has outperformed every other major industrial economy since 2001. Reason: tax cuts and low interest rates.

What do the Democrats promise to do about all this prosperity? They'll let the tax cuts lapse, socking millions with billions of dollars in higher levies. They'll raise the minimum wage, hurting the working poor and those with the fewest skills and the least education. And they'll extend jobless benefits, a move that in the past has kept unemployment high (but which today, at 4.6%, is below the average of the last 40 years).

They'll also try to impose new regulations across the economy on everything from energy to broadband, punishing industries they don't like and subsidizing those they do.

Worst of all, they'll do nothing ? absolutely nothing ? to stop the growth in entitlement spending that will start to engulf the treasury beginning in 2009. Their solution as always: more taxes.

And this is just what they'll admit to. Who knows what else is in store.

How sad the Foley scandal has sucked all the air out of the debate over the nation's future. How tragic that many will now sit this election out for all the wrong reasons. When they wake up to find their taxes raised, the economy stumbling and their incomes falling behind, they'll regret their lassitude. But then it will be too late.

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[Jerry D]

Good picture of Pelosi in front of the portalets doesn't she wish she could look as a good as this Photoshop pic

On the economy she and the Other Democrats can continue Willy Jefferson Clinton's selling off Bases to cut the deficit. Some of them Bases we used to have in San Fransisco like the Presidio must have brought the government a pretty penny, If not that base should have!

[zuni_rocket]

Jerry,

I am sure it wassome big dem contributor with deep pockets who has there signiture all over it & I am still steaming about the Panama Canal give away !Who controls that now BTW ?? That's to Jimmy Carter's credit in case you are a democat wit selective amnesa,But then again was'nt he was the president who sold the Shaw of Iran out ?? a move that put that mad man Ayatollah Khomeini in charge of Iran and gave radical Islam a foot hold on power in the midlle east in the firt place , I think SO! THANK YOU JIMMY CARTER BLUNDER BUTT! BTW He did this because he didn't like the way russian spies were being treated in the Shaws jails in Iran...does this sound familar??

Jimmy Bishop
AO3 68-74

[Jerry D]

"nods" yep it sure does, I used to have a Political cartoon of the "Duke" riding his horse and holding his famous lever action rifle out the gates of Heaven when the Shah of Iran was overthrown with the Caption by St.Peter calling God and saying"Sorry, We can't hold him back" Had a lot of classmates in 1980 wanting to Go to Iran to rescue the Hostages if a War would have been called by ole' Jimmy Carter. But it never happend and Ronnie scared the beejebus out of the Ayatollah and he released the hostages AFTER Ronnie was sworn in If I rember correctly. Sadam Thought George 2 was a wimp like Billy Clinton and would cut and run like in Somalia. But here we are still in Afganistan and Iraq and Bin Ladin is hopeing Al Gore gets elected so it will be bussiness as useual here in the US of A. Like Bin Ladin and Co. was used to in the Clinton Era. I here you can have a relaxing stay in Gitmo at the Taxpayers expense with all the food you care to eat and a comfy bed and all the Islamic Reading material you would want. If only the Hanoi Hilton had offerd such facilities to John Mccain he wouldn't be so NUTS today. Could Mccain be the Manchurian Candidate? that was foretold in the Book and Movie??