The Rodney Dangerfield Economy

You would think that an economy that sustains steady 3 – 4 % growth, below 5% unemployment, 13 straight quarters of increased capital investment, 37 continuous months of positive job growth creating over 6.6 million jobs since mid 2003, and consecutive years of increased tax receipts allowing for the reduction of budget deficits, would get some respect by the mainstream media and the Democrats.. Sadly that is not the case. 

Democrats contend that the narrowing of the deficit will be temporary because when 78 million baby boomers retire, the cost of Social Security and the Medicare health care program for the elderly will soar.  Yet they conveniently fail to mention that it was the Democrats who refused to even sit down and discuss a bi-partisan solution to the Social Security problem.

I readily admit that Social Security and Medicare are looming problems that we must come to some sort of solution on. We are not going to come to that solution by playing partisan politics and attempting to undercut the current administration in hopes of achieving a short term political gain. 

The tax cuts implemented by the Bush Administration have have brought us out of the Clinton/Gore Recession, the various corporate scandals, and through the impact 9-11 had on our economy. Rolling back those tax cuts will reduce the dollars available for capital investment limit our economic growth, and reduce the ability of oour economy to create the jobs necessary to hold off high unemployment. The Democrats continually state that they want the country to go in a different direction. Since the direction in which we are going have given us the strongest economy in the industrialized world rolling back those tax cuts stand a very real danger of rolling back into recession.

Tracked back by:

Hang Right Politics 

See also

GOP Bloggers Lower Tax Rates Yield Higher Tax Revenues

The Wizbang Bomb Squad’s ‘Democrats and Taxes: Wretched Insanity!’

Wizbang Politics Budget Politics

PrebleNY.com It’s The Economy, Even If The Media Doesn't Report It

Posted to Open Trackbacks at:

The Bullwinkle Blog, Blue Star Chronicles 

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  1. Excellent post, Darrell. I hope you don’t mind if I link to it at our website. I love the Rodney Dangerfield analogy.

  1. 1 Hang Right Politics - Archives » The Rodney Dangerfield Economy

    […] I LOVE that title. Please read the post by Darrell at Morning Coffee who coined it. You would think that an economy that sustains steady 3 – 4 % growth, below 5% unemployment, 13 straight quarters of increased capital investment, 37 continuous months of positive job growth creating over 6.6 million jobs since mid 2003, and consecutive years of increased tax receipts allowing for the reduction of budget deficits, would get some respect by the mainstream media and the Democrats.. Sadly that is not the case. […]




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