As Barack Obama continues to blame his predecessor for the tanking economy and the chronic unemployment that Obama promised to avoid with his big stimulus package more than two years ago, and as other Democrats get aboard the Blameshift Express, Byron York attempts to set the record straight.
- After taking in $1.782 trillion in tax revenues in 2003, the government collected $1.88 trillion in 2004; $2.153 trillion in 2005; $2.406 trillion in 2006; and $2.567 trillion in 2007, according to figures compiled by the Office of Management and Budget. That’s a 44 percent increase from 2003 to 2007.
- York notes that it wasn’t until Democrats took over Congress in 2007 — including one Democrat named Barack Obama in the Senate — that deficits began exploding.
- Well, the data is easily retrievable from the Bureau of Labor Statistics (now that it’s finally back on line), so let’s take a look at seasonally-adjusted private-sector employment over the last twenty years.
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| blue=Democrat control, white=Republican control, purple=divided government |
Note:
This was written after I signed off last night, and was intended as a morning summary post. It so happens that, last night, Standard and Poors downgraded the USA's credit rating. So, the great concern over that recently was all for naught. They failed to preserve the rating despite all the huffing and puffing over what they were pretending to do.
"The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics," S&P said in a statement. -Reuters
More from Ed Morrissey: Video: They’re still not listening to Rick Santelli.
Yes! DC needs an enema! As you know, I think politicians are full of crap, anyway.
Update:
Bad language, hmm? Well, they said it!
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