June 27, 2008

Michael Crofton : Ugh! The Democrats!

In an interview with Bloomberg TV this afternoon (yes, you guessed it, I'm stuck in my office), Michael Crofton the CEO of The Philadelphia Trust Company, said it would be a disaster if the Democrats controlled Congress and the Presidency.

A disaster for the economy, that is.

At this time, we at McBlogger HQ would like to take a moment to point out to Mr. Crofton that the following things have occurred since President Bush and a mostly Republican Congress (they controlled it completely from 2003-2007) took over:

1) Job growth has been non-existent. In fact, using real world statistics, instead of the BLS stats, a strong case can be made for negative real job growth.
2) Deficits are at historic levels. And have been for years.
3) The Dollar has devalued against the Euro by more than 50%.
4) Oil prices have increased close to five times
5) Wage growth has been nil
6) Inflation is once again a problem
7) Food prices are up dramatically
8) House prices have collapsed

And that's just a few of the Republicans greatest hits. Which makes me wonder, what IS Mr. Crofton fearful of? A vibrant economy? Low inflation? Paying off the national dent and running surpluses? Real wage growth and an increase in national savings?

Come on, Mr. Crofton. Tell us what is so scary about the Democrats...

(Am I going a little overboard on the lists today?)

Posted by mcblogger at June 27, 2008 03:54 PM

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Comments

Wow! I thought we were already in the midst of said disaster?

What a jerk...fear, fear, fear. That's all they've got.

Posted by: Queen of the Universe [TypeKey Profile Page] at June 27, 2008 06:36 PM

Obviously, you're misunderstanding Mr. Crofton. When he says "the economy," he doesn't mean people who've lost their homes and can't afford gas and swoon when they see the price of a carton of milk or a loaf of bread. He means rich plutocrats like him who have been rigging the game against everyone not in the top five percent of wealth and who chuckle when their stooges like Karl Rove accuse the Democrats of "class warfare" whenevr they try to pass a chilc care tax credit or something to help pay for college tuition.

Posted by: BigDrunk [TypeKey Profile Page] at June 29, 2008 11:06 AM

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