A rare moment of clarity and honesty from Fox " Business News"
Thanks to Americans Against the Tea Party for the article.
AATTP Contributing Author, E. Henry Schoenberger
How bizarre – Fox tells the truth? What will O’Reilly, Hannity or Huckabee think? Or Roger Ailes, the Josef Goebbels of the TEApublican Party since Fox News was formed. Let’s face it, this is a first for Fox, the quasi news organization that has spent so much time lying about how supply side economics and the job creators are the key to a recovery from the 2nd worst economy since 1776.
Fox News, the TEApublican mouthpiece, has so persistently repeated the lie that the economy works better when the “spend and tax” Democrats are not in power that the drones in its newsroom might even believe their own lies.
But now there is proof that Fox News has been lying all along – which consists of the empirical proof astoundingly provided by Fox Business News themselves, right here!
A few interesting tidbits about the U.S. economy under Democrats vs. Repubs:
• No Republican ever left office with unemployment under 5%. Not one! Not even Reagan.
• No Democrat ever left office with higher unemployment that they inherited, including Jimmy Carter – who left with the same unemployment he inherited from Gerald Ford.
• 3 out of 4 Democrats left office with unemployment well under 5% going back to Truman.
• GDP annual growth was better for all the Democrats back to Truman, except for Carter at 3.3% compared to Reagan’s 3.4%
• All the Democrats were no lower than Carter, and the rest of the Republicans apart from Reagan were from 2.9% to 2.1%.
Fox News is all about reducing the deficit, which Democrats, including Nobel Economists Paul Krugman and Joseph Stieglitz, know will not produce job growth, because it takes spending to create jobs. And Democrats know that now is not the time to obsess over the deficit, but the time for Government Spending, because the job creators have shipped plants, jobs and profits offshore to capitalize on Bush tax benefits. The only spending the job creators are doing is reflected in the secluded (secret) growth of their Swiss or Cayman Island accounts.
And Fox is against closing the Bush tax benefits referred to as loopholes because “the fact of the matter is that” – Fox News is the lying mouthpiece for the sociopathic greedy narcissists who have a voracious appetite for growing their own net worth and lying about why their taxes should be reduced. Fox is and has always been the ultra rich Republican’s propaganda machine spewing forth economic lies.
But now in a moment of truth, Fox Business News has provided irrefutable proof that Fox News has been lying. Of course, Democrats know this, however, now Fox News should report that – according to Fox Business News the #$%$ Fox News has been feeding their TEApublican brain dead audience is a pack of egregious lies.
Fox News has been outed by Fox Business News, and that is big news!
Well--there you have it. The anti-Tea Party organization write an article, so it must be true. Wow, I am glad you cracked the secrets of the economic universe and found that Democrats always create jobs, and an exploding economy. Question--so what happened to Obama if your facts are accurate? The reports today, and over the past few months show the recession is lagging, if not becoming a double-dip---he has had 4 years, it is his economy now, and he is failing miserably. Keep drinking the kool aid and trying to take hard-working family's money out of their pockets dips--t! People like you are the reason morons like Obama get elected.
This article is a typical cherry picking of facts that both sides do. If you overlay additional economic data the picture can change drastically. For example, Reagan inherited from a democrat, an economy that was in many ways as bad as what Obama took over albeit a very different set of problems. His solutions absolutely worked and it included some government spending. But anyone who thinks that a pure Keynesian approach, without making other structural changes will boost growth is kidding themselves - thats what we have going on today. Plenty of stimulus but its not having the impact that it should.
On the deficit, we never seem to fix it in the good times and then in the bad times we talk about why we can't. I do agree that cutting back too much now, spending or a significant increase in taxes would slow the economy. But as part of a grand bargain, you can include future cuts to spending. The sequester numbers have become a total ploy - their impact is far from immediate and are a tiny percent of the budget. And remember, the way that DC does things is we are not talking about cuts at all, just a decrease in the increased spending.