September 2003 - In an interview with Tim Russert, VP Dick Cheney admitted that Bush Tax Cuts do NOT create jobs. In fact, Cheney admitted that 2.6 Million jobs were LOST between 2001-2003 under the "W" Tax Cuts.
Vice President Dick Cheney also admitted that the Bush Tax Cuts created:
* Dow Jones down 11%.
* Unemployment rate up 49%.
* $281 billion surplus now a $500 billion deficit.
* Jobs, Net Loss of 2.6 Million.
Dick Cheney also admitted that the "W" Tax Cuts "account for 25% of the deficit."
Here is the transcript:
RUSSERT: Inauguration Day as compared to now.
* Dow Jones down 11%.
* Unemployment rate up 49%.
* $281 Billion Surplus now a $500 Billion Deficit.
* Jobs, Net Loss of 2.6 Million.
CHENEY: "...The president’s policies in terms of the tax-cut package does offer very bright prospects for the future. The forecast by nearly everybody I’ve talked with for the last half of this year is we're looking at 4% to 5% real growth"
RUSSERT: If you froze the tax cut for the Top 1% of Americans, it would generate enough money to pay $87 Billion for the war, if you did it for just ONE year.
CHENEY: I think it’d be a mistake ... An awful lot of the returns in that top bracket are small businesses, and they provide a lot of the job growth in this economy.
RUSSERT: The president [Bush] said in 2002 the Tax Cut would generate 800,000 jobs;
In 2003, he said—be another Million jobs.
None of that has happened.
What has happened is the deficit is skyrocketing, over $500 Billion.
You used to be a real deficit hawk.
CHENEY: I am a deficit hawk. The fact of the matter is, we’ve always made exceptions [regarding the deficit] for recession, national emergency, time of war.
RUSSERT: What about the tax cuts.
CHENEY: Tax cuts accounted for only about 25% of the deficit.
--- end of transcript ----
My Brief Analogy:
- 25% of the Deficit (in 2003) were the Bush Tax Cuts - Bush & Cheney had to borrow money from Communist China, and pay interest, for the Top 1% to get JOB-KILLING Tax Cuts.
- In just 2 years (2001-2003) 2.6 MILLION jobs LOST & USA being beholden to China so the Top 1% can get JOB-KILLING Tax Cuts.
- China is a business partner with Iran.
- Tea Party people claim to hate Iran, Communist China AND Deficit - yet they support Bush Tax Cuts knowing that doing such will increase the deficit, make us dependent and beholden to China - who are friends with Iran.
- I suppose that means, the Tea Party People SUPPORT Communist China and Iran?