Ya Don't Say

Lying, thieving, I can't get enough.

Research Dispels Bush Claims That Tax Cuts Create Jobs.

(T)he findings of a new study suggest that Bush's claim on job creation is based more on political rhetoric than actual facts related to the nation's economic realities.

"It's a great sound bite that unfortunately does not hold true in the real world economy," say authors of the report, entitled, "Nothing to Be Thankful For: Tax Cuts and the Deteriorating U.S. Job Market."

Changes in tax policy suggest no evidence of their impact on job creation or destruction, according to the 22-page study released Tuesday by United for a Fair Economy (UFE), an independent group that tracks the growing economic divide between the nation's haves and have-nots.

Since 1950, significant tax increases and decreases have both been followed by job losses and job gains, say the researchers.

Based on statistical analysis of changes in tax polices and rates of job growth in the past 60 years, the report points out that tax reduction does, however, disproportionately lead to economic disparity between the rich and poor.

"No workers have really benefited from President Bush's tax policy," says Gloribell Mota, a bilingual education specialist at UFE. "But Blacks and Latinos have suffered disproportionately."

The study shows that African American unemployment remains about twice as high as that of White workers. Moreover, it indicates no sign of growth in quality jobs (defined as paying at least 16 dollars per hour and including health benefits and a pension plan) for workers from any racial background, including Whites.

Last year, one million people fell below the poverty line, a disproportionate number of them children, while the number of billionaires rose to 374, the study says, adding that the number of people living in poverty rose from 11.3 percent in 2000 to 12.7 percent in 2004.

Sick! Sick! Sick! WHO CAN JUSTIFY THIS???? Who's got a pitchfork. I've got some Bastille-storming to do. F*ckers.

The study also shows that the percentage of American workers benefiting from employment-based health insurance was down from 63 percent in 2000 to less than 60 percent in 2004. This despite the fact that U.S. workers are spending more than 1800 hours per year at work while their counterparts in other technologically advanced nations work for 1600 hours a year--a difference of five full work weeks.

In June 2003, the Bush administration had claimed that the president's tax cut policy would create more than five million jobs by the end of 2004, but the study shows that only 2.6 million jobs were created--1.6 million less than what would have been expected without any special economic stimulus.

More, more, more. How do you like it?

But, as db loves to remind me (as he did just now in peering over my shoulder), people either don't know about these things or don't care. And poof! Immediately, my high is gone. Here I am celebrating that this sort of headline actually exists in our failing democracy in which the 4th Estate acts as the equivalent of a steno pool, but it's only hope against hope.

[Heavy pause while imagining Rome burning.]

Forget it, I have to believe that these things are sinking in, or I won't be able to get up in the mornng. Polls numbers are on the floor, everyday there's a new indictment or resignation, and glory be! the people have realized that war is hell, they have no savings, their SUVs guzzle gas, they can't afford their health care premiums (IF they have health care at all), and their kids are getting dumber listening to sermons in school. These craven hucksters should have to pay w/ their "political capital" for the next 200 years at the barest minimum.

Comments

[Erudite Rednexk]

Thanks for the heads-up. Linked.

[intelliwench]

Stumbled here via 'shakespeare's sister' -- brilliant title, and the same goes for the mind behind it. Thanks for the enjoyable read.

[ae]

Anytime, ER! Thanks for passing along this important piece of news. Sheesh. It only comes a few years late, but I'll take any little effort at the truth. xo

Howdy, intelliwench. Welcome! Thanks for your kind words. Great name yerself. =) Y'all come back, sit a spell.