Be INFORMED

Tuesday, April 19, 2011

!0 Failures Of Bush/Obama Tax Cuts

   I added President Obama to the Bush tax cuts because Obama did extend those cuts to the wealthy for another 2 years. Barack Obama now owns those tax cuts.

Source

10 Epic Failures of the Bush Tax Cuts:

(Click a link below to jump to the details and charts for each.)

1.  Dismal Economic Growth
2.  A Decade of Budget Deficits
3.  Red Ink as Far as the Eye Can See
4.  Disastrous Job Creation
5.  Declining Incomes
6.  Increasing Poverty
7.  A Massive Windfall for the Wealthy
8.  Record Income Inequality
9.  A Sagging Stock Market
10.  Jeopardizing Future Economic Growth

1.  Dismal Economic Growth
While Democrats in Congress are getting weak n the knees, the American people consistently voice their support for ending the Bush tax cuts for the wealthiest 2%.

And with good reason.  As David Leonhardt documented in the New York Times last week:

Those tax cuts passed in 2001 amid big promises about what they would do for the economy. What followed? The decade with the slowest average annual growth since World War II. Amazingly, that statement is true even if you forget about the Great Recession and simply look at 2001-7.

   Go HERE to read more

   If Obama has any kind of balls, he and the rest of the Democrats will let his tax-cuts expire in 2012. Then again, he was against those cuts before he was for them, so who knows.

Arizona Governor Shows Some Sense

...What are the odds of an American Taliban governor doing the right thing? While still not to high, Arizona Governor Jan Brewer vetoed not one, but two highly controversial bills on Monday, going against the general conservative idea's in the state. The first bill would have mandated that one have proof of United States citizenship in order to run for president, and the other bill would have allowed students, and everyone else, to carry guns on college campuses.

The so-called "birther bill," would have made Arizona the first state in the nation to require presidential candidates prove U.S. citizenship by providing a long form birth certificate, and other forms of proof including baptismal or circumcision certificates, to be placed on the state ballot.
"I never imagined being presented with a bill that could require candidates for president of the greatest and most powerful nation on earth to submit their 'early baptism or circumcision certificates' ... This is a bridge too far," she said..
Brewer also vetoed a bill that would have made Arizona the second state in the nation to allow an individual to carry a firearm -- either concealed or not -- in the public rights of way on higher education campuses, because it was "so poorly written." Brewer said shortcomings in the bill included a failure to define "public rights of way" and the inclusion of state schools, where firearms are prohibited by federal and state laws.
SOURCE:http://news.yahoo.com/s/nm/20110419/pl_nm/us_arizona_birther
Brewer vetoed the gun bill only because she did not like the way that it was written, so you can expect that bill to come around at a later date, when it will pass. Currently, Utah is the only state in the country allowing handguns inside campus buildings.