14 Democratic policies that have brought down our economy
Two years ago, the Bush Economy was doing very well. America was in the midst of record prosperity. Then, Democrats took control of Congress. A year later, after the Bush economy hit its zenith, the Democratic policies began to impact the U.S. Today, we are in an economic tailspin. The Old School media wants to blame Bush, But it's the Democrats who have hastened our demise.
Here is an outline of the liberal Democratic policies that have harmed our economy. Each one standing alone would not have sunk us. But aggregated together, they have spelled disaster.
1. Deficit spending has increased not decreased under Democratic control of Congress causing credit issues for the U.S.
2. Liberal Democrats have failed to address the $56 trillion liability in SS and Medicare. Many international money men consider the U.S. to be on the verge of bankruptcy. World credit markets have noticed which has caused our dollar to become devalued. This in turn has lead to liquidity problems in the U.S. as investors seek shelter in other currencies.
3. Minimum wage legislation has had a chilling effect on small business. Many small businesses have put off hiring, trying to ride out the increased cost of labor, which has exacerbated the unemployment rates.
4. Global warming alarmism has caused a huge dent in consumer confidence, and has also caused changes in consumer spending. MSM outlets have done stories on people who are so worried about global warming that they are opting out of our consumer driven economy
5. Oil prices- Liberal Democrats running Congress have wanted higher prices for decades. They have refused to allow the alternative clean energy of nuclear power plants which would reduce need for heating oil. Thus supply problems which have driven up the cost of crude oil, have been enhanced by this liberal policy.
6. Increased oil prices have driven up cost of goods across the board adding to inflation pressures and a higher cost of living.
7. Constant pessimism by the liberals in Congress and the MSM, used as a cynical political ploy to increase their chances of retaking the White House has driven consumer confidence to all time lows
8. Threatened tax increases have caused entrepreneurs and others to curtail activities.
9. As GM goes, so goes the economy. The Democrat’s decision to stop new domestic oil production has harmed our Big Three auto makers. GM stands on the verge of bankruptcy because of high oil prices. This will have a huge negative short term impact on the rest of the economy.
10. Congressional Democrat’s regulatory practices have diminished business incentives, and slimmed profit margins. With profit margins down, hiring suffers, which in turn impacts unemployment rates and harms consumer spending.
11. Democrats have been investigating businesses and threatening nationalization and other business chilling government oversight, which is harmful to a capitalistic economy.
12. The threatened use of windfall profits taxes have also harmed business incentives to invest in infrastructure and other economic improvements. This has contributed to lower employment.
13. The higher oil prices are contributing to the housing downturn as people can no longer afford to commute. MSM media reports show bedroom communities becoming ghost towns as new homes sit empty with no interested buyers.
14. Even in the face of the current crisis, liberal Democrats running Congress have steadfastly refused to consider new domestic oil production and have put out false propaganda that it would take ten years to feel the effects.
Two years ago, the Bush Economy was doing very well. America was in the midst of record prosperity. Then, Democrats took control of Congress. A year later, after the Bush economy hit its zenith, the Democratic policies began to impact the U.S. Today, we are in an economic tailspin. The Old School media wants to blame Bush, But it's the Democrats who have hastened our demise.
Here is an outline of the liberal Democratic policies that have harmed our economy. Each one standing alone would not have sunk us. But aggregated together, they have spelled disaster.
1. Deficit spending has increased not decreased under Democratic control of Congress causing credit issues for the U.S.
2. Liberal Democrats have failed to address the $56 trillion liability in SS and Medicare. Many international money men consider the U.S. to be on the verge of bankruptcy. World credit markets have noticed which has caused our dollar to become devalued. This in turn has lead to liquidity problems in the U.S. as investors seek shelter in other currencies.
3. Minimum wage legislation has had a chilling effect on small business. Many small businesses have put off hiring, trying to ride out the increased cost of labor, which has exacerbated the unemployment rates.
4. Global warming alarmism has caused a huge dent in consumer confidence, and has also caused changes in consumer spending. MSM outlets have done stories on people who are so worried about global warming that they are opting out of our consumer driven economy
5. Oil prices- Liberal Democrats running Congress have wanted higher prices for decades. They have refused to allow the alternative clean energy of nuclear power plants which would reduce need for heating oil. Thus supply problems which have driven up the cost of crude oil, have been enhanced by this liberal policy.
6. Increased oil prices have driven up cost of goods across the board adding to inflation pressures and a higher cost of living.
7. Constant pessimism by the liberals in Congress and the MSM, used as a cynical political ploy to increase their chances of retaking the White House has driven consumer confidence to all time lows
8. Threatened tax increases have caused entrepreneurs and others to curtail activities.
9. As GM goes, so goes the economy. The Democrat’s decision to stop new domestic oil production has harmed our Big Three auto makers. GM stands on the verge of bankruptcy because of high oil prices. This will have a huge negative short term impact on the rest of the economy.
10. Congressional Democrat’s regulatory practices have diminished business incentives, and slimmed profit margins. With profit margins down, hiring suffers, which in turn impacts unemployment rates and harms consumer spending.
11. Democrats have been investigating businesses and threatening nationalization and other business chilling government oversight, which is harmful to a capitalistic economy.
12. The threatened use of windfall profits taxes have also harmed business incentives to invest in infrastructure and other economic improvements. This has contributed to lower employment.
13. The higher oil prices are contributing to the housing downturn as people can no longer afford to commute. MSM media reports show bedroom communities becoming ghost towns as new homes sit empty with no interested buyers.
14. Even in the face of the current crisis, liberal Democrats running Congress have steadfastly refused to consider new domestic oil production and have put out false propaganda that it would take ten years to feel the effects.
