The tax cut approach as stimulus has already been tried and failed as economic stimulus. The Bush administration often claimed as they tried to sell the Bush tax cuts of 2003, that they would generate 1.4 million jobs on top of the 4.1 million jobs that were expected to be generated over the eighteen months following June 2003. This did not happen. Not only did the promised 1.4 million additional jobs not appear, but the 4.1 million jobs expected with no action also failed to materialize. In all, only 2.4 million jobs were created—1.7 million short of the administration’s projection without their new policy.
You can check http://www.jobwatch.org/ to see what I am saying.
The Bush Administration called the tax cut package, its "Jobs and Growth Plan," and by it's own metrics the tax cut program fell short by a total of 3.1 million jobs. That would be called failure.
Republicans have but one answer to every problem, TAX CUTS.
This is wrong http://economistsview.typepad.com/economistsview/2009/01/the-2003-jobs-and-growth-plan-tax-cuts-didnt-work.html
Showing posts with label Bush Administration. Show all posts
Showing posts with label Bush Administration. Show all posts
Tuesday, January 27, 2009
Thursday, November 13, 2008
OVERSIGHT
Oversight... O V E R S I G H T
Oversight - Watchful care or management; supervision.
I just want to make sure people understand what the word means, and how to spell it, because I am absolutely sure that the Bush Administration has no clue what it means or even how to spell it.
When Congress approved the Treasury's massive bailout of financial firms they mandated all kinds of oversight on the Bush administration
This shouldn't be a surprise. The Bush administration took years to provide any real oversight of the situation in Iraq. They have provided no oversight of the reconstruction of New Orleans. There was no oversight of the economy as it slipped into a financial crisis. Basically for the last 8 years there has been no oversight of the country. So, it should not come as a surprise that there has been no oversight of the bailout:
Congress put into law that there should be layers of oversight and scrutiny, including a special inspector general who was to be nominated by the White House and a congressional oversight panel to be named by lawmakers themselves. I understand there was an election, but it is time to get to work and get oversight of this process. Treasury Secretary Henry Paulson is proving that this job is beyond him (though to be fair it is probably beyond pretty much everyone), and we as a nation are spending a lot of money, there needs to be oversight of this. The special inspector general's position needs to be filled, and nominations need to be made for the five-member Congressional Oversight Panel. Time is passing us by, and billions are being wasted.
Oversight - Watchful care or management; supervision.
I just want to make sure people understand what the word means, and how to spell it, because I am absolutely sure that the Bush Administration has no clue what it means or even how to spell it.
When Congress approved the Treasury's massive bailout of financial firms they mandated all kinds of oversight on the Bush administration
This shouldn't be a surprise. The Bush administration took years to provide any real oversight of the situation in Iraq. They have provided no oversight of the reconstruction of New Orleans. There was no oversight of the economy as it slipped into a financial crisis. Basically for the last 8 years there has been no oversight of the country. So, it should not come as a surprise that there has been no oversight of the bailout:
In the six weeks since lawmakers approved the Treasury's massive bailout of financial firms, the government has poured money into the country's largest banks, recruited smaller banks into the program and repeatedly widened its scope to cover yet other types of businesses, from insurers to consumer lenders.
Along the way, the Bush administration has committed $290 billion of the $700 billion rescue package.
Yet for all this activity, no formal action has been taken to fill the independent oversight posts established by Congress when it approved the bailout to prevent corruption and government waste. Nor has the first monitoring report required by lawmakers been completed, though the initial deadline has passed.
"It's a mess," said Eric M. Thorson, the Treasury Department's inspector general, who has been working to oversee the bailout program until the newly created position of special inspector general is filled.
"I don't think anyone understands right now how we're going to do proper oversight of this thing."
Congress put into law that there should be layers of oversight and scrutiny, including a special inspector general who was to be nominated by the White House and a congressional oversight panel to be named by lawmakers themselves. I understand there was an election, but it is time to get to work and get oversight of this process. Treasury Secretary Henry Paulson is proving that this job is beyond him (though to be fair it is probably beyond pretty much everyone), and we as a nation are spending a lot of money, there needs to be oversight of this. The special inspector general's position needs to be filled, and nominations need to be made for the five-member Congressional Oversight Panel. Time is passing us by, and billions are being wasted.
Wednesday, May 30, 2007
28%
This is President Bush’s approval rating in a new Harris poll. I just have to wonder who exactly makes up these 28%.
Can this number drop anymore?
Is this the lowest level of his presidency or can it go lower?
The following is from THE WALL STREET JOURNAL ONLINE
Bush Approval Rating Falls to 28%,Lowest Level So Far, in Harris Poll
President Bush's approval rating slipped to new lows in the most recent Harris Interactive survey, but he's not alone: For the first time since the series began, all of the political figures and institutions included in the survey have negative performance ratings.
Of the 1,001 American adults polled online April 20-23, only 28% had a positive view of Mr. Bush's job performance, down from 32% in February and from a high of 88% in the aftermath of the terror attacks of Sept. 11, 2001. The current rating is his weakest showing since his inauguration.
Secretary of State Condoleezza Rice garnered the approval of 45% of those surveyed, down from 46% in February, and approval of Defense Secretary Robert Gates slid to 29% in the latest poll, from 32% in February.
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On a side note, how does Condoleezza Rice have an approval of 45%?
This woman has been pathetic at her jobs in the Bush Administration. She was the worst National Security Advisor, and may be the worst Secretary of State.
Can this number drop anymore?
Is this the lowest level of his presidency or can it go lower?
The following is from THE WALL STREET JOURNAL ONLINE
Bush Approval Rating Falls to 28%,Lowest Level So Far, in Harris Poll
President Bush's approval rating slipped to new lows in the most recent Harris Interactive survey, but he's not alone: For the first time since the series began, all of the political figures and institutions included in the survey have negative performance ratings.
Of the 1,001 American adults polled online April 20-23, only 28% had a positive view of Mr. Bush's job performance, down from 32% in February and from a high of 88% in the aftermath of the terror attacks of Sept. 11, 2001. The current rating is his weakest showing since his inauguration.
Secretary of State Condoleezza Rice garnered the approval of 45% of those surveyed, down from 46% in February, and approval of Defense Secretary Robert Gates slid to 29% in the latest poll, from 32% in February.
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On a side note, how does Condoleezza Rice have an approval of 45%?
This woman has been pathetic at her jobs in the Bush Administration. She was the worst National Security Advisor, and may be the worst Secretary of State.
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