The Left has caught the vapors or the fantods over a recent Bloomberg News article that suggested Jeep may move some of its manufacturing capacity to China.
From Bloomberg:
Fiat is in “very detailed conversations” with its Chinese partner, Guangzhou Automobile Group Co. (2238), about making Jeeps in the world’s largest auto market, said Mike Manley, chief operating officer of Fiat and Chrysler in Asia. Chrysler hasn’t built Jeeps there since before Fiat took control in 2009.
“The volume opportunity for us is very significant,” Manley, who is also president of the Jeep brand, said in an interview...












"...So 70% of the tax cuts did not even take place until Bush's second term....And remember how well the economy was growing in 2006?"
Bush's gift to the wealthy ""Job Creators"" was the halving of the Capital Gains rate, which took place in 2003, all at once AFAIK. And in 2006 the economy was on an unsustainable path, fueled by housing speculation.
crwight:
"??? The tax cuts worked. Jobs were created..."
Rich Unger in Forbes shows that Job growth under Bush was comparatively dismal:
http://www.forbes.com/sites/rickungar/2012/07/17/the-truth-about-the-bush-tax-cuts-and-job-growth/
http://aneconomicsense.com/2012/04/26/private-job-growth-under-obama-recovery-in-contrast-to-the-fall-under-bush/
Maybe the truth is that People in general often behave like that, regardless of their politics.
Maybe the truth is that People in general often behave like that, regardless of their politics.
And remember how well the economy was growing in 2006? and how much revenue we took in? Remember that the deficit in 2006 was only $170 billion?
The deficit was $248 billion in 2006.
http://www.cbpp.org/cms/index.cfm?fa=view&id=790