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Bushonomics, The Meltdown's True Villain - 0 views

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    The Boston Globe ran a chart last Sunday that I'd buy billboard space to reproduce in every decent-size city in America, if I were running the Democratic National Committee. The premise of it was very simple: It showed how many trillions each president since Ronald Reagan has added to the nation's debt. The debt was about $1 trillion when Reagan took office, and then: Reagan, $1.9 trillion; George H.W. Bush, $1.5 trillion (in just four years); Bill Clinton, $1.4 trillion; Obama, $2.4 trillion.Oh, wait. I skipped someone. George W. Bush ran up $6.4 trillion. That's nearly half-44.7 percent-of the $14.3 trillion total. We all know what did it-two massive tax cuts geared toward the rich (along with other similar measures, like slashing the capital gains and inheritance taxes), the off-the-books wars, the unfunded Medicare expansion, and so on. But the number is staggering and worth dwelling on. In a history covering 30 years, nearly half the debt was run up in eight. Even the allegedly socialist Obama at his most allegedly wanton doesn't compare to Dubya; and Obama's debt numbers, if he's reelected, will surely not double or even come close as we gambol down Austerity Lane.
David Corking

The Iain Dale interview | LabourList.org | April 2009 - 0 views

  • Boris Johnson, the test case for a Tory government. He’s overturned the tariff on gas-guzzlers; he’s only building social housing in already deprived areas, he praised the sub-prime mortgages in America; he destroyed cycle lane budgets but still called himself green. And those are the very few things he has done…Good. I like politicians who don’t legislate a lot.
    • David Corking
       
      Great exchange!
  • I don’t regard it as a Socialist Conspiracy, but I do regard it as a monolithic bureaucracy where not enough is spent on direct patient care. To my mind, you could break it up into smaller geographical units, decentralise it more efficiently on a regional basis.
    • David Corking
       
      Is this a vote _for_ the postcode lottery?
  • I was selected as a candidate by a very conservative constituency – having told them I was gay. If you’d said to me ten years ago that that could happen I’d have laughed. Margot James herself was selected in a marginal seat. I willingly pay tribute to Labour on gay rights
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  • I hit back. Having said all of that, I’ve always had a soft spot for Derek, and he shouldn’t lose sight of the fact that he set up LabourList up and it’s going to go on without him,
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    I would love to increase the number of teachers by 20%. I would love to, and to be fair to the Labour government have done a lot on that. But to just say that everything's perfect and we need to spend every pound that we're spending now is just being an ostrich.
Michael Haltman

Number 9, number 9, number 9, number 9, number 9 - 0 views

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    President Obama is off on his trip to the Far East, ready to come home to deal with the many items piling up on his plate: healthcare, the economy, Thanksgiving, Democrat fundraising, the environment, early Christmas shopping, you name it. Busy, busy schedule. Somewhere in all of that he will fit in his ninth meeting with his war council on the troop decision in Afghanistan. To date he has spent a good 20-30 hours with them. That 20-30 hours has been spread over many months (close to 11 in office to date), leading one to believe that this decision is not his number one priority...
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