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Politics : John EDWARDS for President

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To: TopCat who wrote (420)2/21/2004 7:49:35 PM
From: Lizzie Tudor  Read Replies (1) of 1381
 
It was obvious to me over 2 years ago that this offshoring crisis needed to be dealt with, or at minimum understood by the white house as a factor in policymaking. Trickle down stimulus doesn't work with offshoring like this, all the capital just gets invested offshore this is obvious and exactly what happened. We should have stopped tax cuts after the first cuts failed to work. Bush just carried on. Supply siders like Kudlow were calling for another "capex spending boom" totally missing the obvious fact that capex doesn't happen with no jobs. Press releases with "white house economists puzzled over lack of jobs creation" in this last year makes me wonder what planet these people are on. It was OBVIOUS 2 years ago that every job that was going to be created was going to be created in india and china. I was damn sure about it then, and that is exactly what happened.

People like you that make excuses for this Bush misfire as if *nobody could see* where the economy was going while republicans doled out the pork are in some kind of massive denial. Go ahead and pull up posts from 2 years ago if you want, I said the same thing then.
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