The Jeff Goolsby Reports
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June 22, 2004
The Bush/Republican Economic Scam
                   By Jeff Goolsby, Editor
      Mr. Bush has been crowing about the job increases.  According to the May, 2004, report, the new jobs have increased 248,000 in May, down from 346,000 thousand in April, which was down from 353,000 in March.  This editorial provides considerable insight as to how Republicans manage political economics.
      Amazingly, these figures resemble the job increases in each of the monthly reports during the entire Clinton Administration of 8 years.  The Clinton Administration increased jobs by 22,000,000 in 8 years, whereas to-date, Bush has replaced 1,200,000 jobs in 3 1/2 years. He is still 1,800,000 jobs short of the 3,000,000 jobs he lost with his deliberate depression.
      During the Clinton Administration, the population increased from 255,382,000 in 1992 to slightly more than 283,000 000 in 2000 just before Clinton left office.  This is an increase of 27,618,000 population and a job increase of 22,000,000, which is an abnormally high job increase.
      The reason for the exceptional number of job increases in the Clinton Administration is due to the fact that the second Reagan depression (Republicans and News Media call it recession) which started in 1987 carried over throughout the entire Bush I Administration.  A huge number of people were unemployed and not being counted in the statistics because they were no longer receiving unemployment compensation.
      A huge amount of economic activity created during the Clinton Administration brought the unemployment rate down to slightly under 4%, which was the best employment record since the Truman Administration.
      Please keep in mind the word from President Franklin D. Roosevelt when he said “Nothing happens in politics unless it is planned that way by someone, or group, who have the power to make it happen.”  Every Republican president since the Federal Reserve was created in 1913 have given us at least one depression and they use different strategies to create the depression.
      Most of the time they create the depressions by raising fuel cost, raising interest rates, and creating artificial money shortages through the Federal Reserve Board.  Bush's advisors knew that their standard depression system should not be used because adequate events were in the pipeline to produce a depression.  And, that to add their standard depression system would have wrecked the economy to the point that Bush would not have any chance of winning election and would have produced a Hoover repeat.
      In this case, Bush did not use any of those techniques, instead, he used two situations:
      1. The fact that the Republican Congress repealed the Roosevelt public corporation anti-monopolistic law.  That law prevented large public corporations from gobbling up their smaller competitors and price gouging the public.  Bush's advisors knew that law repeal would create a considerable amount of unemployment.  One major example, Bank of America recently gobbled up Fleet Finance and then announced the lay-off of 13,500 Fleet Finance employees.
      2. Part of their strategy was the 911 terrorist attack, for which Bush denies having any prior knowledge.  However suspicion abounds, he suddenly decided to go to Florida to teach a kindergarten class on the same day his residence was one of the terrorist targets.  While it has not yet been proven that Bush knew the terrorist attack was about to happen, it is a fact causing extreme suspicion.  This is especially true since U. S. presidents do not teach kindergarten classes.
      Bush deliberately used the terrorist attack to virtually destroy the airline industry by refusing to place military guards on commercial airline flights to protect American citizens on flights and American airline property which is the purpose of our military.
      Bush's refusal to place military guards on airline flights destroyed more than 1,000,000 airline and related jobs, and still may bankrupt some large airlines.  The public corporation gobbling merger spree destroyed more than 1,000,000 jobs.  The small amount of jobs destroyed by the bankruptcy of some internet mistake companies raised the total on up to approximately 3,000,000 jobs lost destroyed during the Bush Administration.  The internet bankruptcies alone would not have caused much damage to the economy.
      Every Republican administration strategy is always to create a depression at the beginning of their term in office, blame it on Democrats, and then revive the economy in the 4th year just before election time.  However, Reagan's first depression was so severe, he started reviving the economy just before the 1982 elections to avoid losing control of the Senate.  This is so they can be re-elected and say look I saved the economy from the terrible Democrats.
       This is the same as beating someone to a pulp then taking them to a hospital.  Then when they have recovered, they say look I saved your life, I am a hero.  The Republicans never admit that they deliberately created the depressions in the first place as a cynical strategy to be re-elected under false pretenses.
      The reason that Bush I was unsuccessful in re-generating the economy to accomplish his re-election was that the public had lost complete confidence in him.  Plus, his personality did not show optimism even though he had done pretty much the correct thing to re-generate employment and the economy to gain his re-election.  He dropped interest rates and increased the money supply so that home building and automobile production could have re-generated the economy in time for him to be re-elected.  But it did not happen because he did not have the optimistic spark of Ronald Reagan, who could make you think he was telling the truth when you knew he was lying.  Bush is claiming that the job improvement is due to his tax cuts for the “Fat Cats”.  That is phony for the very simple reason that enriching “Fat Cats” never creates extra jobs per se.
      The first real reason for the job increase is that the war that has killed more than 830 American troops to-date is causing a huge need to replace war machinery, ammunition, clothing for the troops, etc.
      The second reason is that most manufacturers slowed down production of manufacturing their products because their sales had slowed down.  Their inventory of their products were approaching zero and it became necessary now that they resume manufacturing at a normal pace because they have exhausted their inventories.
      Our population has increased by approximately 10,000,000 people to-date during the Bush Administration, per the census estimate June 4, 2004, 293,421,523 people.  Clearly, the population increase requires products and services such as housing, clothing, televisions, autos, etc. that the manufacturers produce.  These needs continue regardless of whether we are having a depression or not and of course most people are still working and still earning adequate incomes.
      The most people who are really getting hurt are the ones who lost their jobs and businesses as a result of the deliberate Republican standard depressions.  However, many people have scaled back their discretionary buying due to their fear that they too may lose their jobs, unless they are being distracted by some unusual event like the Bush Iraq Invasion and his bungling of the occupation.
      The Bush cronies are setting up a new depression through their increase in gasoline prices.  The claim by much of the news media and Republicans is that there is a shortage of crude oil and shortage of facilities to refine the crude oil into gasoline.
      Charlie Rose recently interview the CEO of Exxon on his show.  The CEO stated that there is no shortage of crude oil and there is no shortage of refinery facilities.  He said that the reason for the gasoline price increases is that it is created by the other oil companies and the news media.  He said that even though Exxon is the largest oil company in the business, they only have 12% of the total sales, and he stated that his company was not promoting the high prices.
      However, there is some contradiction in his claim because Exxon is charging just as much as the other oil companies, and all of them are ripping off the American public to the tune of billions of dollars each month.  This gasoline price rip-off is causing the planned increase (inflation/dollar devaluation) in the cost of all products and services that we as the American public purchase.
      Bush and cronies are using the gasoline gouging to set up a new spiral of dollar devaluation (aka inflation) similar to the strategy used by the Nixon Administration, which Reagan doubled.
      The Republican philosophy that “Republican Groupies are too stupid to know when they are being taken” must not be allowed to overcome Independents, Swing Voters, and any Democrats who might have a thinking relapse.
      American voters and people who are eligible to vote and have not yet been voting must be made aware of these scams so they can vote to commence the restoration of the benefits created by Democrats since 1932, the Republican Hoover depression.

Copyright © 2004, by Jeff Goolsby, Rex, Georgia, All Rights Reserved