Saturday, October 20, 2012

We have been there before

We have been there before

For eight years between 2000 and 2008 George Bush and Republican steered the economic policies of this country and the result was economic recession of unprecedented proportion comparable to depression of the 1930s.  

It is fact that there exist no difference between Bush’s Campaign promises and policy position in 2000 to 2008 that brought this unprecedented economic recession we are currently facing and today’s Romney economic prescriptions. It is also fact that the Obama administration did not bring about this recession. Yet America gave Bush and Republicans 8 years of benefit of doubt on the economy and the result is the economic failure we had in 2008 that we are still feeling today.

But within the last 4 years the Obama administration has managed to dig America out of the ditch of Bush Republican economy and put America on the path of economic recovery and success. Now Republicans are complaining that the economy is not recovering fast enough from their mess and that Americans should handover to them the power to dictate economic policy of this country.

This Republican demand for power to set American economic policies for the next 4 is insanity because the Party’s presidential candidate Mitt Romney is advocating Bush era Policy of tax cut, tax cut, tax cut …., all for the their so job creators. Yet with the Bush tax cuts these job creators created no job but rather wealth for themselves.

Now America, it would amount to insanity to either go back to failed Bush Republican economic philosophy espoused today by Romney or turn away from the current slow but steady economic recovery and success. It will be a mistake not to give benefit of doubt of 4 more years to the current administration that is slowly and steadily steering American to economic prosperity when in 2000 to 2008 we gave 8 years of benefit of doubt to the Bush Republican Administration that drove the country to economic abyss. American there is sense in the saying ‘don’t fix it if it is not broken.’

Romney’s economic prescription is carbon copy of the 2000 to 2008 tested but failed Bush’s economic theory and America must absolve itself from the guilt that will arise from the inevitable failure of Romney Bush Republican trickle down tax cut centered economics

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