Over the course of eight short years -- between 2000 and 2008 -- the Republicans methodically executed their plan to transform American society. They systematically transferred wealth from the middle class to the wealthiest two percent of Americans -- slashing taxes for the wealthy. They eviscerated the rules that held Wall Street, Big Oil and private insurance companies accountable to the public. They allowed and encouraged the recklessness of the big Wall Street banks that ultimately collapsed the economy and cost eight million Americans their jobs. They ignored exploding health care costs, tried to privatize Social Security, gave the drug companies open season to gouge American consumers and presided over a decline in real incomes averaging $2,000 per family. They entangled America in an enormously costly, unnecessary war in Iraq, pursued a directionless policy that left Afghanistan to fester, and sullied America's good name throughout the world.[more]
Their economic policy of cutting taxes for the wealthy and deregulating big Corporations failed to create jobs. In fact, over his eight year term, George Bush's administration created exactly zero net private sector jobs. They inherited a Federal budget with surpluses as far as the eye could see and rolled up more debt than all of the previous Presidents in the over 200 years of American history. And in the end they left the economy in collapse.
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