There are many more discrepancies that I could list which are either irritating or insulting, but it would take too much space. You could see this by putting your TV on mute and turn on the CC. My complaint is that they advertise all the time promoting their professionalism in presenting the news. The CC does not fit that image at all. I have mentioned this to them, even to one of their sponsors, which has not triggered any changes. So, again thanks for printing the news, I depend on you for getting the stories. Keep it up as there are probably more people out there that depend on you than you may think.
Larry VanGilderVisit the Congressional Budget Office and the Bureau of Labor Statistics Internet sites to get the facts on the economy during the 2000-2008 G.W. Bush years:
The Economic Growth and Tax Relief Reconciliation Act of 2001, the Job Creation and Worker Assistance Act of 2002, and the Jobs and Growth Tax Relief Reconciliation Act of 2003, all but the last one of which received bi-partisan support, reduced all tax rates, resulting in nearly six years of robust economic growth, record low inflation, unemployment rates and manageable deficits.
The facts show that people and corporations were able to keep more of their money for investment and purchases to grow the gross domestic product. Even though tax rates were reduced, the growth in the economy increased government revenues.
In constant 2001 dollars, during the 2001-2008 timeframe:
The GDP grew 16 percent.
Corporate tax revenues were $189 billion more in 2007 than they were in 2003.
Employment grew by 8.4 million jobs.
Unemployment averaged 5.3 percent; it was 4.6 percent in 2006-2007.
The maximum yearly deficit was 3.6 percent of GDP, decreasing to 1.2 percent in 2007.
Re: The 2008 Downturn: The Whitehouse archives http://georgewbush-whitehouse.archives.gov/news/releases/2008/10/print/20081009-10.html show that for more than six years, President Bush warned of the dangers of failure of Fannie Mae and Freddie Mac. They also show that the Democrats resisted regulating these Government Sponsored Enterprises, leading to the downturn in 2008.
Indeed, the facts show that Democrats, including Rep. Maxine Waters, Rep. Barney Frank, Sen. Charles Schumer, Sen. Chris Dodd and others strongly defended Fannie Mae and therefore had the major hand in the economic downturn — and as a U.S. senator from 2005 through 2008, Barack Obama, also took no legislative action to regulate these GSAs.
James K. Boomer