Democrats Getting Worried

So I can get a balanced view of the world, I often read the more liberal commentaries just to get an idea of what those people are thinking. Since I pretty much already know what the right wingers are thinking, I don't need to read their crap.

It is amazing to me how differently liberals view the world compared to the rest of us. And they continue to make their arguments with old stale facts that don't share the whole story.

This morning I read Gene Lyons comments in Salon. Same old argument. It was Bush's tax cuts for the rich that lead to the current deficits we have. Ummm...Bush cut taxes for EVERYONE! Geez, isn't that fair? In fact, in the real world, over 45% of the U.S. workforce does NOT pay taxes.

It was not tax cuts that lead to deficits. It was an ill-conceived war and the fact that Bush and the Republicans went on a spending spree typical of the Democrats. However, the Bush deficits came nowhere close to what we have in store now and into the foreseeable future.

After all of the spending on the stimulus, TARP, auto bailouts, bank bailouts, cash for clunkers, home buyer tax credits, etc., where is the economy today? Getting ready to roll back over into another recession. This morning, new jobless claims rose by 13,000 and the 4 week moving average is at its highest level since March. Continuint claims also rose. Yesterday, ADP reported that the private sector likely added only 13,000 new jobs to the economy in June.

I spoke with a realtor yesterday who indicated that sales have fallen by two-thirds since the homebuyer tax credit ended. You can't fix a structural problem with a band-aid. The tax credit only helped the homebuilders, who overbuilt and paid exorbitant amounts for land in areas that could not support that much supply.

The Democrats must be shaking in their boots, because the economy is getting set to roll over during the home stretch to the mid-term elections. You can see it on their exasperated faces, faces such as Paul Kanjorski, who rolls his eyes and whines and complains that it was the Republicans who caused this mess.

The Republicans didn't cause it any more than the Democrats. The Washington culture caused it. They are out of touch. Voters are getting ready to make a change again like they did two years ago. Democrats are worried.