Wednesday, May 9, 2012

Oh the audacity.

House Republicans, aware that they have not done anything on fiscal budget policies, now blame the Feds for the cause of their inaction.

Most would point out that the Feds had nothing to do with the motivation of Paul Ryan to bring forward a partisan budget bill, year after year, though.  One should note, that the Republican concept of job creation is to shrink government spending.

To prove their point on why the economy is sluggish, they keep pointing to the fallacy about how government is spending out of control.  It simply isn't true.  Total government spending, as well as federal government spending, has been shrinking.

Back to Econ 101: Total GDP = private GDP + public GDP.  The Republican theory of government is that it should cut spending when the economy is shrinking.  What happens under Republican dogma is that government makes recessions worse.

But if you needed more proof that Republican ideas are bankrupt, this Bloomberg article points out that Democratic presidents have created more PRIVATE jobs than their Republican counterparts.



Oh the audacity.

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