The Bush II Depression

      Here are some "Real World" economic facts about how and why Mr. Bush and the Republicans created the current economic depression (News Media mislabels it recession to protect Plutocrats).
      Real World economics is a combination of text book economics, business management, entreprenuership, ability to create and determine the economic results of business actions. Unfortunately, some elected officials do not have the training and experience to utilize or understand real world economics, or integrity and compassion for people. Once while discussing economics at a luncheon with a Congressman who had decided not to run for re-election, he said, "Jeff, I hate to admit it but I do not understand economics."
      The first thing you need to understand is that every Republican president since the Federal Reserve system commenced in 1913, has given us at least one depression during their term(s) in office, according to Congressional and U.S. Treasury records, and the news media helped them blame Democrats. Typical con artistry blame game.
      Then you ask why would they do such a malicious treasonous act that would deliberately destroy thousands of American businesses and millions of jobs then transfer millions of dollars from the depression victims to the "Fat Cats". There are many benefits for "Fat Cats".
1.   Destroys business competitors who are caught out on a limb with considerable borrowed money at high interest rates.
2.   Fat Cat "Scavengers" can buy distressed and foreclosed properties at a fraction of their real value and make huge profits over the dead "Economic Bodies" of the borrower victims resulting from the Plutocratic depressions.
3.   Stock Market "Insider" scavengers can make huge profits by selling stock "Short" just before the stock prices nosedive resulting from the premeditated depression. Then purchasing stock at the bottom of the decline to replace the borrowed stock.
4.   Stock Market Scavengers then purchase stock "Long" at the bottom of the decline and scheduled economic recovery resulting in another huge profit. Example (Insider Trading?), according to a news article, William Fickling, Jr. made $100,000,000 in the stock market in two years while he was president of the Atlanta Federal Reserve Bank during the Reagan Administration economic manipulations, which produced two economic depressions.
5.   Economic Depressions and Impact Fees to feed government improper or incompetent spending and corruption, churn, distort values and the economy, and help Republicans in their goal of inflation/dollar deflation. This is evidenced by the huge inflation/dollar devaluation that occurred between 1968 and 1993, and is again happening since 2000.
      Most of the time, Republicans use increasing interest rates and artificial money shortages ("Tight Money") to produce depressions but they vary their actions so they can fool the public.
      A. Part of the Bush II depression was deliberately created by the Republican controlled Congress in 1998 when they repealed the anti-monopolistic law, which was enacted soon after the Hoover Depression to prevent price gouging and price fixing by monopolies and near monopolies.
      This caused the public corporation merger and phony corporate public profit reports spree as well as the unrealistic executive salary increases and bonuses. The objective of the phony profit reports was also to sell stock at fictitious values for illegal insider theft profits and to obtain illegal money for their monopolistic mergers.
      When Enron formed a subsidiary named NewPower Corporation, their piggyback gas deregulation gouger, they issued stock and options to their newly appointed NewPower president. Soon after Enron succeeded in duping some states, including the Georgia legislature, into deregulating natural gas, the NewPower president sold his stock at highly artificial prices for $353 million dollars, then resigned.
      The mergers also caused huge job losses due to incompetence in the new management of the acquired companies, duplication of jobs, and resulting bankruptcies.
      B. The second part of the Bush depression scheme was the 9/11 terrorist attack. Since Mr. Bush has prevented a full investigation of the attack, there is not yet any proof that he knew the attack was going to occur, and despite his daily terrorist briefings, but he suddenly went to Florida and was teaching a kindergarten class the day when his residence was one of the terrorist targets.
      However, whether or not he was involved in the terrorist attack, he has used it to fully implement his deliberate well planned standard Republican depression. When the terrorist attack occurred, I published an editorial in the Jeff Goolsby Reports, formerly Democratic Excellence Internet Newspaper, now currently being re-run, recommending that Mr. Bush immediately place military guards on commercial airline flights to prevent additional similar terrorist hijacking attacks and to eliminate public fear of flying to avoid the economic disaster that would obviously happen without the military guards. I sent a copy of this recommendation to Washington.
      Mr. Bush ignored this recommendation and warning of the impending airline and unemployment disaster then hired and trained Air Marshals. The first air marshal was placed on commercial airline flights 14 months later. The protection delay caused economic disaster for all airlines, bankruptcy for some, and near bankruptcy for others. If Bush had placed military guards on the commercial flights while training the air marshals, the airlines would not have suffered their disasters and more than one million jobs in the airline and related industries would not have been lost as a result thereof.
      C. The 3 fat cat tax cuts and Bush's invasion of Iraq has created an explosion of the Federal debt. The claim that the tax cuts would create jobs are as phony as a 3 dollar bill. The fat cats with their million dollar tax refunds are the only ones who actually benefited from the bush tax cuts. The small amount that went to most employed people was not enough to produce any increase in economic activity that would produce any jobs. In reality, the unemployed people are the ones who needed help, not the employed people.
      I wrote an editorial, being re-run at this time, with recommendations for tax credits, instead of tax cuts, for businesses that started production of activities that would produce jobs and sent copies to Washington. These recommendations were ignored. These recommendations would have created jobs that would have produced more tax revenue than the tax credits and would not have produced any deficits. Instead, my recommendations would have prevented deficits.
      D. The most important thing that everyone needs to know is that the economy would have recovered just as well without the Fat Cat tax cuts. Bush kept the housing and automobile industries operating with low interest rates and adequate money supply, thus limiting business destruction, which provided adequate economic strength for the economy to recover and to fool the public into believing the Fat Cat tax cuts produced the recovery.
      Knowledgeable Republicans and Democrats know this and know that the ones participating and supported the Bush scam have been lying when they went along with Bush and further exploded the Federal debt with the Fat Cat tax cut scam to reward their big campaign contributors and vote buying scheme. However, I am sure there are some members of Congress who do not understand real world economics.
      E. The invasion of Iraq was clearly started with the objective of making Mr. Bush a war hero. Phony reasons regarding weapons of mass destruction were used as an excuse for invading a sovereign country that had never done any harm to our country and no intentions of danger to us have been documented. The Bush claim that his invasion of Iraq was part of his war on terrorism is the exact opposite of the truth. Instead, it has created an increase of terrorist attacks against our military, more hatred of America, and created incentives for more fanatical Muslims to join terrorist groups against America.
      F. The Bush Iraq invasion has created an economic disaster for our children and grandchildren by exploding the already horrendous Federal debt developed between 1968 and 1993. The interest cost for the Federal debt in 2002 was $333 billion dollars, and the cost is increasing rapidly due to the Bush invasion of Iraq and the Bush tax cuts for "Fat Cats".
      Yet, Bush included in his 2004 budget proposal $176 Billion dollars to pay interest on the Federal debt in 2004, which was pure deception because the interest cost will be much more than the cost in 2002 due to the Bush Federal debt explosion. After Bush told the military that he was going to do great things for them, he cut a huge $14 billion dollars from his budget proposal for the Veterans Administration.
      Whoever beats Mr. Bush in 2004 will have a very difficult task attempting to straighten out the economic mess created by Bush and his attempts to destroy the economic benefits created by Democrats since 1932, which even most Republicans take for granted and wish to continue.