More Proof That Conservative Policies Don’t Work: Lower Taxes Than Under Reagan But Still Slow Job Creation

by Ben Hoffman

Obama has continued the failed policies of the Bush administration and even expanded them by adding more tax cuts. In May, businesses added the fewest number of jobs in eight months, signaling the end to the modest recovery triggered by the economic stimulus bill. Our tax rates now are the lowest they’ve been in decades — even lower than under the Reagan administration — and all we got from that is exploding deficits.

We need a true progressive in office. For this economic crisis now known as The Great Recession we needed another Teddy Roosevelt. What we got with Barack Obama isn’t even a Bill Clinton. He’s just a spineless wimp who compromises before even reaching the bargaining table and then capitulates even further to Republican demands. Compromise to Republicans is to do it their way or no way. And it’s destroying America.

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3 Comments to “More Proof That Conservative Policies Don’t Work: Lower Taxes Than Under Reagan But Still Slow Job Creation”

  1. In May, businesses added the fewest number of jobs in eight months,

    I swear, you treat this as a fiction site and not a political commentary site, right?

    since the cyclical bottom in December 2009, both surveys are showing gains of more than 2.1 million private-sector jobs, which is a healthy increase of 132,000 private-sector jobs per month on average. In the first five months of 2011 through May, private sector job growth has accelerated to an average of 200,000 new jobs per month, according to the household survey.

    mjperry.blogspot.com/2011/06/private-sector-jobs-are-growing-132000.html

    the modest recovery triggered by the economic stimulus bill.

    More fiction:

    In May alone, there was a decrease of 417,000 government jobs, following losses of 132,000 in April and 75,000 in March, totaling 549,000 for the last three months, and that’s really the main source of labor market weakness – it’s mostly in the public sector, not the private sector.

    mjperry.blogspot.com/2011/06/private-sector-continues-to-add-jobs.html

    You should read something other than Maddow.

    • Pino, you’re crazy as a… well, you’re crazy as a typical right-winger.

      First of all, most jobs created from the stimulus were private sector jobs. Second, we need about 121,000 jobs created a month just to keep pace with population growth (CBO estimates). Our economy was shedding 700,000 jobs a month a few years ago so even at 200,000 new jobs a month, it’s going to take a decade to get unemployment under control.

      Here, you might be interested in this post about right-wingers. 🙂

      • First of all, most jobs created from the stimulus were private sector jobs.

        Bullshit.

        They were government jobs. Which is why the government is losing those jobs without the stimulus money.

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