Bush Disastrous Tax Cut Becoming More Obvious
                   Editorial by Jeff Goolsby, Editor

      The stupidity of the Bush tax cut is becoming more obvious in Congress and more obvious to the public at large.  Illegal President Bush mislead the public while he was advocating his proposed tax cut as being a fantastic benefit to the American public.  While the economy has been slowing down, the tax receipts would naturally have to slow down simultaneously.
      Since Bush boozed and slept through his intended education process per his admission and obviously cheated to receive passing grades in school and college, it is obvious that he learned little or nothing that he needs to know to perform the job of President of the United States.  His illiteracy is becoming more and more exposed as his time in office progresses.  Clearly, the main thing he learned in school and college was how to manipulate and take advantage of people.
      Now that the government projected budget surplus for this fiscal year has dropped from $275 Billion to $200 billion, it is increasingly clear that Bush's tax cut was a flim-flam to reward his super rich campaign contributors, or was a sign of incompetence, or both.  Bush's proposals for many things would necessitate considerable increased Federal spending which would wipe out any hopes for a Budget surplus, even if he does not produce a typical Republican depression, plus plunging us back into the Reagan type Federal debt explosion.
      It is a shame that some of our Democratic U.S. Senators allowed themselves to become brainwashed into voting for this flim-flam.  I hope they will be more careful in the future to represent the best interest of their constituents.
      Projected budgets can not be accurate when the Federal Reserve Board manipulates the economy for political purposes with the objectives of embarrassing Democrats and electing Republicans.
      Federal Reserve Board Chairman Republican Greenspan raised interest rates in the year 2000 with the clear objective of trying to help a Republican win election as president.  His deceptive interest rate manipulation sabotaged the economy at a time when manufacturers were overproducing, which in and of itself was setting up an economic slowdown because the manufacturers and their marketers were overloading their inventory.
      Every Republican president we have had since the Federal Reserve System was begun in 1913 has given us at least one inflation/depression/dollar devaluation during their term in office.  Either this is Bush's and Greenspan's objective or Greenspan bungled because he did not understand Real World Economics and was going by textbook theory without examining all of the available facts.
      Bush was obsessed with his idea of reducing taxes for the rich claiming that his proposed tax cut would improve the economy.  President Clinton proved conclusively that a tax increase on the rich would not have any influence on the economy but would help to balance the Federal Budget and start paying down the Reagan Federal debt explosion scam.
      The current rate reduction has helped to keep the housing and automobile industries economically robust and is helping to maintain consumer confidence as well as keeping the economy rolling. The reduced interest rates are not providing much help for the other economic sectors that were also overproducing.
       The Federal Reserve practice of manipulating the economy by reducing or raising interest rates and reducing or increasing the national money supply is a clear objective of creating inflations/depressions/dollar devaluations then reinvigorating the economy.  This practice is a disaster for millions of people, and Congress must put a stop to these Republican rip-off.   This interest rate economic manipulation by the Federal Reserve Board is criminal felony robbery.  This interest rate manipulation by the Federal Reserve Board was the cause of the huge S&L failures that President Reagan produced in the 1980's when they had billions of dollars in housing loans at 6% when Reagan caused them to start paying 15% interest for their 6% loans.
      If interest rates are kept at a low level so that most people could purchase housing and automobiles along with other purchases that need financing, we would not have these economic upheavals.  Business managers could control their business with considerably less risk if their only competition was others in the same business instead of Federal Reserve manipulation.  When businesses make plans and make large investments based on current circumstances, then the Federal Reserve chooses to slow down the economy, bankruptcies explode and many otherwise sound businesses unnecessarily fail
      These upheavals are the direct result of the Federal Reserve Board's manipulating the economy which are usually at the direction of Republican presidents and Republican presidential candidates.  The Federal Reserve Chairman has been a Republican, every since Eisenhower was elected president, or controlled by Republicans.
      As a result of the Bush disastrous tax cut and the Federal Reserve manipulation of the economy, it has become increasingly clear that Congress may start robbing Medicare and Social Security or start another Reagan Federal debt explosion scam.
       Bush claims that his disastrous tax cut will give the economy a boost.  But, in reality, Bush's tax refund for the year 2001 amounts to just enough money for the average tax payer to buy one extra soft drink per day.  Super rich people will get enough tax reduction to buy a new $50,000 automobile per year but they were already financially capable of buying many $50,000 automobiles so why should they buy another one.  Clearly, Bush's tax cut for the rich is not going to have any effect on our economy.
      A major problem with economic slowdowns and overproduction by manufacturers is that they mistakenly lay off trained employees which causes many of them to find other employment.  When the economy picks back up, these employers have to train new employees at considerable additional unnecessary expense.
      Instead of laying off trained reliable employees, manufacturers should keep a close eye on the need for their production and reduce work hours instead of laying off extremely valuable employees.  As an example, if they are working 40 hours per week and a close examination of the need for their product indicates a likelihood of overproduction, they could reduce their work hours to 35 hours per week, or as needed, to slow down production without devastating millions of highly trained valuable employees.  This type slowdown would also prevent other side effects caused by huge layoffs
      When manufacturers or other businesses lay off large numbers of employees causing high unemployment nationwide, this causes government cost to increase and tax receipts to reduce, causing a need for increased taxes.  This high unemployment causes extra cost for unemployment compensation, welfare payments, and subsidies, etc.   Also, this causes an increase in robberies and burglaries because some people who can not find a job commence stealing as their source of income, etc.
      These are Real World Economic facts that our elected lawmakers need to understand and take into consideration when they are proposing or voting for bills that affects our lives.  The public at large needs to become educated about Real World Economics and demand that elected lawmakers work for the best interest of the public at large, which includes you and me.