The Bush Administration's economic stimulus plan will do very little to stimulate
anything. He boasts about tax cuts, and the improving unemployment problem (which by the way, he created),
but in reality, none of the tax cuts will go in the direction of you or I. More than 50% of this tax cut
will go to the richest in America. Additionally, all these tax cuts for the rich are only increasing the burden
on states, which means we will see increased state taxes and cuts in public programs,
like education and health care.
As for the unemployment issue, 8 million Americans are still out of work.
500,000 have given up looking all together. People all around are still unemployed and the job market is still as tight as
ever. Despite what the Bush Administration may claim, it is obvious the realities
of the unemployment issue have not changed.
Take This Job And...!
As the poverty level in America rises and jobs are being shipped overseas, how is your job security?
Check out the reality of the job market and the unemployment rate.
The Bush Record:
Tax Cuts Help The Rich Get Richer
Bush's tax cuts have
benefited the wealthy more than anybody else-while creating enormous budget
deficits and forcing Bush
to raid the Social Security Trust Fund. And while
federal taxes have been reduced, state and local taxes have risen.
Here is an
overview of what the tax plan will really accomplish.
Behind The Numbers
The Bush Administration manipulates numbers and projections
based on "averages." ABC News takes a closer look at
the numbers and crunches
them more realistically.
Nobel Laureates, 450 Economists Fault Bush Tax Cut Plan
Ten Nobel laureates, joined by more than 450 other
economists from all over the country, today cautioned that the tax cut
proposed by the Bush administration will not only fail to help the economy in
the short run, but will also weaken it over
the longer term by deepening
Unemployment Rate Turns Upward
The unemployment rate
increased to 5.7 percent, 36 percent higher than when President Bush took
office, leaving 8.4 million
Americans out of work. And over half a million
workers (514,000) gave up on the job search in February.
Bush's Plan, Inefficient and Will Not Stimulate Economy
Robert Greenstein, executive director of the Center on
Budget and Policy Priorities, analyzes the Bush administration's
stimulus plan. Greenstein concludes the plan is inefficient and ineffective
with benefits in favor of the rich, and
working poor families being the big losers.
Unemployment Growth Falls Short
Three years after the start of the recession in March 2001
and 28 months into the official economic recovery,
35 states still have not
recovered the jobs they lost and 49 states have seen their working age population
grow faster than
jobs since the recession began. The Economic Policy Institute
takes a look at the current unemployment situation and how
policies fall short from stimulating job creation.