Letter: Trickle-down Reaganomics is failure like GOP, he says

TO THE EDITOR: Responding to Ken Pazdernik on 53 percent voters being duped by Obama, let me say he at least won the election without people thinking he stole it like Bush in Florida and Ohio. Now to the facts and Republican leadership vs. democratic.

A gallon of gas when W took office was $1.46, when he left it was $2.74, a 47 percent increase, and don’t forget the secret energy policy meeting held by Dick Cheney whose details were never made public.

Unemployment when Bush took over for Clinton was four percent, when he left 7.2 percent, an increase of 44 percent.

Bush created 52,083 jobs a month, Obama has created 69,965 per month on average, while Clintonomics created 239,583 per month.

The Dow Jones industrial average was at 10,578 when Bush took over and 8,281 when he left; it is above 12,500 now under Obama, an increase of 34 percent and decrease of 22 percent under Bush. Where’s your 401k money?

GDP growth under Bush was two percent, 75 percent less than the 3.5 percent under Clinton, and stands at 1.61 percent under Obama after starting his presidency at a negative 2.80 percent in his first two quarters, thanks to Bush, and is at 2.79 percent Obama’s last seven quarters.

Oil production domestically is at its highest point in nearly 10 years and will grow 25 percent for the next 10 years.

How soon the Republicans forget it was Bush turning a surplus into deficit with two unfunded wars and a prescription drug benefit, but, if the rich got their tax cuts, nothing else mattered, right? Face it, our way works better and your trickle-down Reaganomics is a failure like your party.

How dare you call us the anti-labor party when your party is the one stripping workers of their rights?

Tags: hager city, opinion, letters, politics