Remember how George W. Bush tanked the economy, doubled the national debt, slashed revenues by giving tax breaks to the wealthy, killed jobs, strangled wages, and increased spending to wage two wars overseas? Apparently, the Republican Party does, and they want the same economic plan, only they want to ramp it up.
That’s right, the Republican Party is doubling down on the economic plan that nearly caused a second Great Depression in America, and they want to make it even more destructive.
Alexandra Franceschi is the Specialty Media Press Secretary of the Republican National Committee, and during an appearance on The Fernando Espuelas Show, she stated that the Republican economic plan is the Bush economic plan on steroids.
Espuelas: What do you mean by economic security? Regardless of who the ultimate nominee is, what’s the general idea that the RNC, or the Republican party in general, has in terms of this message.
Franceschi: Well, it’s a message of being able to attain the American dream. It’s less government spending, which a Tarrance Group poll, came out last week actually, shows that the majority of Hispanics believe that less government spending is the way out of this deficit crisis. It’s lowering taxes so small businesses can grow and they can employ more people, because we understand that the private sector is the engine of the economy. It’s not the government.
Espuelas: Now, how different is that concept from what were the policies of the Bush administration? And the reason I ask that is because there’s some analysis now that is being published talking about the Bush years being the slowest period of job creation since those statistics were created. Is this a different program or is this that program just updated?
Franceschi: I think it’s that program, just updated.
Here’s the audio:
So the Republican Party expects to win over Hispanic voters by offering them the exact same economic agenda that has harmed America for over a decade. It proves that they have no real ideas to fix the economy. The GOP is just taking the Bush plan and slapping a Romney sticker on it. Oh, but “it’s updated” which to me is Republican speak meaning ‘it’s more destructive.’
As ThinkProgress points out, the Bush economic plan resulted in ”growth in investment, GDP, and employment all posting their worst performance of any post-war expansion,” while “overall monthly job growth was the worst of any cycle since at least February 1945, and household income growth was negative for the first cycle since tracking began in 1967.” All of that, plus the doubling of the debt made the rich richer and the poor poorer, and has nearly crippled the middle class beyond repair. The manufacturing industry nearly vanished from American shores, and if it wasn’t for a government bailout, the American auto industry would no longer exist, resulting in millions of jobs lost. Mitt Romney thinks we should have let Detroit go bankrupt. That’s the Republican plan. Under President Bush, African-Americans and Hispanics were hit harder than most, so why would these two groups want to return to the same old tired failed ideas? In fact, why would anyone want to repeat the Bush Presidency? It’s insane.
For some reason, Republicans are now willing to mention President Bush and his destructive policies. Florida Senator Marco Rubio thinks George W. Bush was a “fantastic” President and thinks Romney will be the same. And now, the RNC is endorsing the Bush economy as well. Republicans really must think Americans are stupid. This country nearly keeled over and died during eight years of George W. Bush and Republican control. We absolutely can NOT afford to let Mitt Romney, a worse version of Bush, and a more extreme Republican Party win in 2012. If that happens, we can kiss the American economy goodbye.
