During eight years of the Bush administration, Republicans managed to squander a substantial budget surplus, wage two unnecessary and unfunded wars at a cost of $6 trillion over the next generation, and drove the country into a Great Recession. Along the way they destroyed Americans retirement savings, the housing industry, and successfully killed tens of millions of Americans’ jobs. For two short years after the Republican economic catastrophe ended, President Obama saved the economy, staunched job losses with a meager stimulus, and created millions of jobs and yet, by 2011 Republicans went against conventional economic wisdom and embarked on a job-killing austerity spree under the guise of reducing long term deficit they blew up during the Bush years. For the past three years, besides attacking women’s rights, Republicans have made killing jobs their raison d’être and according to a new report, their economic insanity will cost the nation immense long term economic damage.
Posted on: Fri, 22 Nov 2013 22:45:32 +0000
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