Last week Goldman Sacks had conducted a study to find out how the GOP budget cuts would affect the economy. The study showed that economic growth would be reduced by 2%, which would pretty much kill economic growth for the year. The effect on unemployment would be 700,000 jobs lost this year.
So why is the GOPs still pushing this course if it is so bad and cost more jobs? The fact is that a bad economy has been good for the GOP.
It gives Republicans more power because they are able to blame the other guy for all the bad things. It also gives them a chance to push through the most radical legislation (bust unions, kill the EPA, FCC)
There is a set of facts that tells all we need to know: More jobs were created during the two years of the Obama presidency, than during eight years of the Bush administration.
If it’s the deficit we need worry about, well they cannot be believed there either since they fought tooth and nail to increase the deficit with the Bush tax cuts. I hope people start to take off their GOP-tinted glasses before it’s too late.
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