The United States has now an Unemployment Rate (UR) of 10% and yearly deficits in the trillions. Dems like to rationalize it by saying that following the collapse of Lehman on 9/15 2008 “we had the worst economy since the great depression, therefore we have these deficits and high unemployment.”
This excuse if junk and needs to be shot down once and for all: The 9/11 attacks which happened during a recession, was initially more devastating to the economy than was the financial meltdown (you remember how much the Dow lost when the markets opened almost a week after the attacks?). Yet back then, the unemployment rate rose only one and a half percent to peak at 6.3%, not like the current rate which rose a few percent to be at 10%. In addition, the deficits in the two years following 9/11 totaled a few hundred billion dollars, not TRILLIONS like we have now. You know why? Because the tax-cutting policies of the Republicans back then did its job to save the economy, vs. the policies of the Dem majority following the meltdown did NOT do its job. The Dems were and still are more focused on wasteful spending and ideological agendas than to actually save the economy.
Does this sound like a talking-point for Republicans? It sure does, but it spells the truth.
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