Bush Deliberate Depression

      Every Republican Presidential Administration, since the Federal Reserve was created, has produced at least one depression (News Media and Republicans call it “recession”) during their time in office. They always blame the depressions on Democrats but they never explain why Democrats do not produce depressions. Republican Groupies believe everything Republicans say whether it is truth, half truth, or a documented lie.
      Since the Republican philosophy is “The public is too stupid to know when they are being taken”. They are referring to Republican Groupies and anyone who votes Republican. Most thinking Democrats are not taken in with their scams. However, some Democrat lawmakers are occasionally duped into believing their scams. Some Democratic lawmakers do not understand political economics, but Republicans lawmakers are usually extremely skilled in political economics.
      Here is a small example of how political economics work.
1. If the Federal government gives a huge tax cut to “Fat Cats”, there is no incentive for them to take a risk and provide jobs, so most of it is placed in profit bearing investments.
2. If the Federal government offers a tax credit to businesses for starting projects that create jobs, more jobs will be created and an increase in tax revenue, if correctly planned, will produce more tax revenue than the cost of the tax credits.
      The net result is that the ”Fat Cat” tax cut causes an increase in the the Federal deficit that you and your children will have to pay for including the extra interest cost. The tax credit, with correct planning, increases employment, increases tax revenue, and reduces the Federal deficit. The tax credit approach can eventually provide justification for an honest tax cut. I do not believe that Bush understands this but his advisors are thoroughly familiar with how this works.
      OK, since Republican advisors understand how this works, why do they do it wrong? Simple, GREED - increase the ”Super Rich” and increase the ”Super Poor”. Plus, if they can get interest cost high enough on the Federal debt, they can crowd out most of the Democratic Benefits.
      One thing Republicans do not understand is that when workers who produce the products and services they sell, make discretionary income, they buy more products and services, which produces more profit to the business owners than keeping workers “Super Poor”. Aside from the fact that Bush has made a huge increase in our risk of terrorism, he has also weakened us with his tax cut for the “Fat Cats”. The Republican philosophy has always been that the country will be better off if the ”Fat Cats” have most of the money and the workers only need bare essentials, “Trickle-Down Crumbs”.
      When President Clinton raised taxes on the “Fat Cats”, the Republicans claimed that the tax increase would create an increase in unemployment and cause a “recession” (depression). That is like saying that if you drop a rock, it will go up instead of going down.
      The facts proved that the Republicans were again dead wrong because the tax increase, along with other Clinton economic strategies, caused the economy to pick up and created 22,000,000 jobs in 8 years. This tax increase started the commencement of balancing the Federal budget, which the Republicans secretly oppose, the same way they are secretly segregationist.
      The two main reasons for the Bush Depression (Republicans and the news media call depressions, recessions) has been two major happenings.
1. The monopolistic merger spree created and unleashed by the 1998 Republican Congress when they repealed the Roosevelt Federal anti-monopolistic law preventing public corporations from gobbling up smaller competitors, which destroys jobs and creates price gouging.
2. The Bush refusal to place military guards on commercial planes following the terrorist attack to make the public feel safe and continue flying as well as protecting American property, facilities, and citizens. It was 14 months before any Air Marshals started protecting commercial planes and passengers.
      As one example, Bank of America “gobbled up” Fleet Finance and then announced that they were terminating 13,500 Fleet Finance jobs. The two major factors created a loss of approximately 3,000,000 jobs.
      Our current population increase is approximately 3,000,000 per year, which means that we needed an addition of at least 2,000,000 jobs per year. Bush should have created at least 8,000,000 jobs in 4 years instead of at the end of 4 years, most likely having a net loss from the jobs delivered to him by President Clinton.
      A major reason for the current increase in jobs is due to the huge build-up in military equipment necessitated by the Bush Iraq Invasion. This is increasing employment using borrowed money and on the blood of the more than 800 dead and several thousand maimed Americans in the Bush War that was unnecessary. We contained the Soviet Union for about 40 years and we were containing Saddam Hussein at a fraction of the Bush War cost and none of the deaths and injuries.
      A critical factor in maintaining a strong national defense is a stable economy with adequate employment that pays wages with discretionary income so that workers can purchase items beyond bare essentials.
      During our first 156 years of Republican Plutocracy, we had a “Super Rich and Super Poor” economy. Workers were producing products and services while working 70 hours per week at wages that only covered bare essentials, “Trickle Down Crumbs”. Many lived in shacks owned by their employers, only one change of clothes and could not even afford a bicycle. We had a few “Mom and Pop” stores, which made up the middles class.
      During the Plutocracy years, most people lived on farms without electricity, no phones, no running water, little or no mail delivery, very little access to education, no school buses, a few second hand books (purchase only), dirt roads, and most people living on farms could not read or write. I was born during those times and remember them vividly, which is why I do not want Republicans to eliminate the benefits created by Democrats that everyone, including Republican Groupies, takes for granted.
      We must get our economy, national defense, and relationship with the rest of the world back on an even keel and start reducing the Republican created Federal debt before we bankrupt the United States.