pResident George Bush and the Gilded Age

[UpInArms]

http://www.glocom.org/opinions/essays/20040301_tsurumi_president/index.html

Something really strange has happened to the U.S. under the Bush Administration. With her ever bulging budget deficits and foreign debts, America's skewed income distribution is rapidly making the U.S. resemble Argentina or Mexico. The "Jobless Recovery" is not a political mirage, but a serious problem. America's GDP is increasing at an annual rate of about 4.0% this year. But, only those Wall Street "money gamers" and self- dealing "management aristocrats" of Corporate America are dizzy with their huge bonuses, padded salaries, and self-dealt stock options. The remaining hard working Americans cannot eat "GDP." The U.S. has widening income gap between a few "haves" and many "have-nots."

During the last economic recovery period of March 1991 to April 1993, a 10% increase in GDP increased manufacturing jobs and service jobs 3% and 5.9% respectively. However, for the present economic recovery since November 2001, a 10% increase in GDP is increasing manufacturing and service jobs only 0.7% and 0.9% respectively. Just to keep up with her population growth, the U.S. needs to create about 230,000 jobs a month. If the U.S. wants to employ the 3 million unemployed workers thrown out of work under the Bush Administration, the U.S. would have to create a lot more jobs monthly. Last month, however, the U.S. only created 115,000 jobs. President Bush has now abandoned his earlier declared promise of "creating 2.6 million jobs by the fall of 2004."

<snip>

At Harvard Business School, thirty years ago, George Bush was a student of mine. I still vividly remember him. In my class, he declared that "people are poor because they are lazy." He was opposed to labor unions, social security, environmental protection, Medicare, and public schools. To him, the antitrust watch dog, the Federal Trade Commission, and the Securities Exchange Commission were unnecessary hindrances to "free market competition." To him, Franklin Roosevelt's New Deal was "socialism." Recently, President Bush's Federal Appeals Court Nominee, California's Supreme Court Justice Janice Brown, repeated the same broadside at her Senate hearing. She knew that her pronouncement would please President Bush and Karl Rove and their Senators. President Bush and his brain, Karl Rove, are leading a radical revolution of destroying all the democratic political, social, judiciary, and economic institutions that both Democrats and moderate Republicans had built together since Roosevelt's New Deal.

...more...

[Logansquare]

1. His memory of George Bush is priceless

In Bush's logical universe the following is the conclusion:
"George is rich. Ergo George is not lazy."

[smirkymonkey]

4. Georgie is the laziest f*ck on the planet!!

I would love to see him reduced to begging. What an A**hole!!
:mad: :mad: :mad: :grr: :grr: :grr:

[Lisa]

2. ah, he speaks from the depths of his economics experience ...

http://www.americanpolitics.com/bushtranscript.html

[phantom power]

3. disturbing

I'm no economist, so if I'm missing something straighten me out. But here's what I see in the numbers:

The GDP is growing, but employment is flat (or decreasing), and manufacturing is also flat or decreasing, and we're running a trade deficit, and the dollar has been weakening throughout this same period to boot.

From all this I can only conclude that the "GDP" number must not be grounded in anything real. Which implies we're due for yet another bubble burst, like the one in 2000.

[ender]

7. what you are describing...

is the beginning of a deflationary spiral. by utlizing extremely low interest rates, we will probably avoid the big nasty crash, and instead have 20 years of japanese style stagflation.

[tom_paine]

8. You're just not used to living in the New Bushevik Soviet Union

Those GDP Reports have IDENTICAL veracity top a 1978 Soviet Agriculture & Toilet Paper Production Report.

Three years of Bushevik Purges have created institutions that exist not to collect data, not to protect the Imperial Subjects of Amerika, but to serve their Emperor, in much the same way the EPA suppressed air quality data in post-9/11 NYC and exposed thousands of brave rescue workers to toxins because "there was no need to supply safety devices...the air was surprisingly good".

This is NOT the nation we grew up in. Brezhnev would be pleased and his courses of action wouldn't be all that different from the Imperials'.

Get used to it. Plus, once you realize this small fact of life understanding what the Imperials are up to suddenly makes total sense comapred with no sense when you view them in the context of the Old American Republic.

[MasonJar]

5. I certainly know zilch, but it seems to me three factors are in

play: first the large layoffs of workers plus the outsourcing of jobs and the offshore, tax-exempt Treasury raiders are creating a recovering stock market because the companies are making money; second the low interest rates (promoted continously by birdbrain Fed Chair) are keeping the banks and contractors busy. The building boom is the only thing keeping the economy afloat, according to experts I've read; third the Whistle-ass in the WH is doing everything in his power to subsidize the big Bush donors, which keeps their money flowing in the GOP direction. It is so disheartening to realize that the leaders and ceo's in this country have no civic conscience; their only goal is hoarding money for themselves.

[JPZenger]

6. Anti-Bush Links

Here is a long list of anti-bush websites.

http://www.politicalstrikes.com/links.html