Tea Party Members Upset About Deficit And Unemployment Are Blaming The Wrong Party

Those in the Tea Party Movement claim to oppose Barack Obama and the Democrats out of an opposition to the rising deficit. If they were really consistent in their views they would be backing the Democrats over the Republicans who are actually responsible for the deficit. Here’s a chart to make this simple for them:


Another comparison of spending under recent presidents was posted here.

They fall for Republican claims that Obama is responsible for record deficits due to the stimulus spending but most of the deficit came from George Bush, not Obama’s stimulus plan. Here is a pie chart breaking this down:

We are also seeing benefits from the stimulus spending, such as the news today that the GNP rose by 5.7 percent–the highest increase since 2003. While this might be exaggerated by a bounce from companies replacing inventory, this remains a sign of greater confidence in the economy. Christina Romer, chair of the White House Council of Economic Advisers explained:

This inventory bounce, though likely to be transitory, is a normal part of healthy recoveries.  As firms’ confidence in the future increases, their desire to run down inventories wanes.  This change in behavior is often a powerful force for growth early in a recovery.  Other components of GDP also rose strongly:   business investment in equipment and software rose at an annual rate of 13 percent and residential investment rose at a 6 percent rate.  And consumer spending rose at a rate of 2 percent.  This broad-based rise in GDP was surely fueled in part by the tax cuts and investment spending in the Recovery Act and other rescue actions, but some appears to be the result of private sector demand returning.

Treasury Secretary Henry Paulson believes that if not for the stimulus unemployment could have hit 25 percent. Those who are angry about lack of jobs and the size of the deficit are definitely channeling their rage against the wrong source.

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7 Comments

  1. 1
    Mill Messenger says:

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  2. 2
    Mill Messenger says:

    #liberal Tea Party Members Upset About Deficit And Unemployment Are Blaming The Wrong Party http://url4.eu/1GVPo

  3. 3
    Wayne Strnad says:

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  4. 4
    Pete Murphy says:

    Unemployment, both in the U.S. and the world as a whole, marches ever higher because the field of economics doesn’t account for the relationship between population density and per capita consumption.
    Following the beating the field of economics took over the seeming failure of Malthus’ theory about overpopulation, economists adamantly refuse to ever again consider the effects of population growth. If they did, they might come to understand that once an optimum population density is breached, further over-crowding begins to erode per capita consumption and, consequently, per capita employment.
    And these effects of an excessive population density are actually imported when a nation like the U.S. attempts to trade freely with other nations much more densely populated – nations like China, Japan, Germany, Korea and a host of others. The result is an automatic trade deficit and loss of jobs – tantamount to economic suicide.
    Using 2006 data, an in-depth analysis reveals that, of our top twenty per capita trade deficits in manufactured goods (the trade deficit divided by the population of the country in question), eighteen are with nations much more densely populated than our own. Even more revealing, if the nations of the world are divided equally around the median population density, the U.S. had a trade surplus in manufactured goods of $17 billion with the half of nations below the median population density. With the half above the median, we had a $480 billion deficit!
    If you‘re interested in learning more about this important new economic theory, then I invite you to visit my web site at http://PeteMurphy.wordpress.com.
    Pete Murphy
    Author, “Five Short Blasts”

  5. 5
    G Dumbya says:

     Republican Strategy to Take Over America , State By State thru Unlimited Corporate Donations
        Why the US Supreme Court did not consider this issue, had to of been with Circumventing Prejudice of Conservatism which has purchased the Republican Party as a Business Micro Manage Corporate Servant and Brand Name.
    Grand Ol Same Ol Direction of the Republican Party has not only become a Corporate Brand Name, Which has not changed Direction since the Neo Conservative Corporatist Godfather , who created the Circumventing Laws for Profiteering, Ronald Reagan.
    Say one thing to appear from the other side of the party to appeal to other voters than their own base, while being more extreme to lie to get elected and do otherwise, nothing has changed with the Republican Corporate Brand Named Party, who has been bidding and selling America out One election and Legislation Session at a time.

    Currently, with their Conservative Corporate Majority Decision, of the US Supreme Court,  Leaving the State Elections to be Taken Over one State at a Time , by and through the Citizens United Ruling , better known as the Corporations United Ruling from the Neo Conservative Corporatist Micro Managed Branch of Government to spend over 300 Million in Recent State Elections from Corporate Donations to ensure Conservative Corporatist Servants will help them enslave the People and dissolve the Union , with the Help of US Congress to ensure it happens by giving Federal Governing a Bad name and Reputation, while each Republican Governed States bypass the Congress to Pass and Circumvent Laws , and to bankrupt the Federal Government by using more Funding for their own, while saving their own State Tax funds, to show they are doing better than most other states.
    Many of these Republican Red States are actually re posting the same jobs through their Department of Workforce and Job Services to show they are not losing jobs, and or have a lower unemployment rate, as if.

    Lets observe, phase three of trickle down economics from corporations that dont share the profits and or revenue, yet complain about paying taxes and doing business internationally.

    Not to mention, Bush Jr, looting the people during wartime didn’t help America’s reputation to fight terrorist abroad that is still currently trying to topple our Economy with High Oil Prices, due to his conflict of interest of being a stockholder in Oil, and Ronald Reagan, who gave and Built the Nuke Facility for Iran for Insurance purposes later, and for kickbacks in Oil Profiteering, leaving America’s National Security at risk along with its troops and economy, where the Arab Radical groups organized to topple our economy has been more successful than expected and ongoing battle to help all arab nations to fight off this Arab Coup take over from these type of terrorist organizations. Iran is no exception, neither is the Tea Party who is threatening America to do the same to the Union and is preparing with Gun Purchases displayed at town meetings and some random shooting across America.
    http://conservativecorporatism.blogspot.com/

  6. 6
    Hvacrpro says:

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  7. 7
    Greg Carter says:

    Tea Party Members Upset About Deficit And Unemployment Are Blaming The Wrong Party – http://t.co/NlY5rVNC http://t.co/NlY5rVNC

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