China is a leech in more ways than one. By way of Wal-Mart, it has destroyed decent wages and productive job creation in the U.S. See the CIA'S own list: China is No 1 with the world's LARGEST POSITIVE Current Account Balance; the U.S. (thanks to Wal-Mart) is DEAD LAST with the World's largest NEGATIVE Current Account Balance. (formerly called the Balance of Trade Deficit
We don't have far to look for culprits. They are not hiding behind bushes. They ARE the 'Bushes". Let's take a look at the history before it gets re-written:
- Any Democratic President has presided over greater economic growth and job creation than any Republican President since World War II.
- When Bush Jr took office, job creation was worst under a Republican, Bush Sr, at 0.6% per year and best under a Democrat, Johnson, at 3.8% per year.
- Economic growth under President Carter was far greater than under Reagan or Bush Sr. In fact, economic growth in general was greater under Johnson, Kennedy, Carter, and Clinton than under Reagan or Bush. Democrats always outperform a failed party: the GOP!
- The job creation rate under Clinton was 2.4% significantly higher than Ronald Reagan's 2.1% per year.
- The "top performing Presidents" by this standard, in order from best down, were Johnson, Carter, Clinton, and Kennedy. The "worst" (in descending order) were Nixon, Reagan, Bush.
- Half of jobs created under Reagan were in the public sector --some 2 million jobs added to the Federal Bureaucracy. Hadn't he promised to reduce that bureaucracy?
- Reagan, though promising to reduce government and spending, tripled the national debt and left huge deficits to his successor. Bush Jr's record will be even worse.
- By contrast, most of the jobs created on Clinton's watch were in the private sector.
4 comments:
Congrats to you,Len!!!
This is soo true.
But
You know why folks won't look this info up.
Because
Democratic Party isn't the"Good Ole Boy Party".
*It's not as much of the "Country Music Lovin"
*Obama doesn't talk with a"Southern Draw"like Dubya.
*Obama doesn't have"Good Ole Draft Dodging Red Neck"like Ted Nugent living next door to him..
See
Sadly it's not about Truth but Perception and Marketing.
The Republican Party has done best job at both.
Because
If Hank Williams Jr,Toby Keith and Phil Robertson approve of it.
The American People will go like Jumping Jacks to approve of it and Defend it.
http://kennysideshow.blogspot.com/2012/08/i-dont-think-hank-would-have-done-it.html
And
Yess!!!I think this Phil Robertson A&E thing is a Scam,Sham so both The Robertsons and A&E are and will Profit from.
http://deadlinelive.info/2013/12/20/duck-dynasty-scandal-one-giant-publicity-stunt/
curiously burning the bushes is a TRUTH issue....
See : The EMET group,
http://disc.yourwebapps.com/discussion.cgi?disc=149495;article=148498;title=APFN
and Kol Nidre
http://buelahman.wordpress.com/
Mazel Tov
sincerely
Davy
But Len, you start off the post justly blaming Walmart as the engine of offshoring but ignore the his and her presidents brought to us by Walmart (the corporate whore Clintons!) Dont forget the greatest attack on middle class America was NAFTA/WTO in the Clinton first term. And now faux democrat Obama is ramrodding the equally despicable TPP (under milatary-like secrecy!)
I've covered this in previous articles. In fact, I am writing a voluminous books about that. Blogs are brief articles, narrowly focused
By the way the deals cut with China were cut long before Clinton would announce that he would seek the W.H. It was G.H.W. BUSH who set up the deals with China that made Wal-Mart's economic subversion possible. I spoke with Bush about that but I was on deadline and was dissappointed with his obvious dodge. I wanted to know if our trade concessions to China were the high pricees we paid to get our sorry asses out of Viet Nam.
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