February 1, 2005

Reality v. what Bush says

Great little bit from Blondesense on the contrast between what the Bush people claim and what the reality is. Here is a bit on the Bush tax cuts, that were, you know, supposed to help us all. Well, they haven't.

BlondeSense...: Swipe-zilla: "CLAIM: 'The American economy is growing stronger.'

STATUS: Job growth over the last 18 months has fallen short of administration predictions by 1,703,000—more than one-third fewer jobs than the president's Council of Economic Advisers said would be created even without the tax cuts. [EPI, 1/05]

CLAIM: 'The tax relief you passed is working.'

STATUS: The tax cuts have drained resources from domestic programs utilized by middle-class families. The Bush tax cuts for the richest 1 percent of Americans this year alone will cost $148 billion. 'That is twice as much as the government will spend on job training, $6.2 billion; college Pell grants, $12 billion; public housing, $6.3 billion; low-income rental subsidies, $19 billion; child care, $4.8 billion; insurance for low-income children, $5.2 billion; low-income energy assistance, $1.8 billion; meals for shut-ins, $180 million; and welfare, $16.9 billion.' [UFE, 4/7/04; Detroit News, 9/29/04]

STATUS: Between June 2003 and December 2004, the economy produced 3.1 million fewer jobs than the administration predicted would result after the last round of tax cuts. [Jobwatch.org, 1/7/05]"

No comments: