By Chrissy the Hyphenated
Click graphics to embiggen for easier reading.
How serious is the S&P downgrade? Let me think. How about “Pearl Harbor serious”?
Chrissy’s Site Bites: http://news.webshots.com/photo/2979364330056011884hFTWvt
Source: http://www.reuters.com/article/2011/08/06/us-usa-debt-downgrade-idUSTRE7746VF20110806
Our country really is in serious trouble. If you think I am exaggerating, you haven’t been paying attention.
Chrissy’s Site Bites: http://news.webshots.com/photo/2350486480056011884qbeiwz
Source: Conquering the Storm By Sarah Palin – August 8, 2011
http://www.facebook.com/note.php?note_id=10150260905388435
Source for Graphic: http://terrellaftermath.com/
Americans who seriously care need to look beyond tired old Democrat slogans and learn how the economy actually works. Otherwise, we’re headed into another Great Depression.
Below: Cato Institute report on the real impact of Reaganomics. Cato is a Libertarian organization; they are NOT apologists for either party.
October 22, 1996 – By William A. Niskanen, Stephen Moore, Fiscal Policy Studies, Cato Institute
Summary
This study assesses the Reagan supply-side policies by comparing the nation’s economic performance in the Reagan years (1981-89) with its performance in the immediately preceding Ford-Carter years(1974-81) and in the Bush-Clinton years that followed (1989-95).
On 8 of the 10 key economic variables examined, the American economy performed better during the Reagan years than during the pre- and post-Reagan years.
This study also exposes 12 fables of Reaganomics, such as that the rich got richer and the poor got poorer, the Reagan tax cuts caused the deficit to explode, and Bill Clinton’s economic record has been better than Reagan’s.
polination.blog 