March 10, 2015

Bush Economics WAS Reaganomics, resulting in the worst monetary crisis since the Great Depression

This is a preview of following:

http://www.reaganinreview.com/2013/08/requiem-for-american-dream.html

http://11thhourchronicle.blogspot.com/2013/06/reagan-repeatedly-raised-taxes.html

http://www.11thhourchronicle.blogspot.com/2011/08/clinton-years-vs-reagan-and-bush-years.html

It goes like this:   Yes, the Democratic Party's support of elective abortion and the sin
of Sodom is a mortal sin in itself.  But, cooperating with the Republican Party's way of
doing things will send you to Hell just the same, though for sins different than those sup-
ported by the Democratic Party.  It's the wolf in sheep's clothing deception, Republican
style.
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 You need to understand that George Bush Economics WAS Reaganomics, and un-
 der Bush's perpetuation of Reaganomics, the United States went through its worst
 economic crisis since the Great Depression.  Now, the Republican Party used the
 Christian population of America as one collective dupe, in equating itself with the
 Moral Majority, in its mindless campaign bumper sticker slogan.

 The Republican Party has nothing to do with morality or Christianity.  It's the Country
 Club Party, the Robber Baron Party, the Fat Cat Party, and the Party of Sweatshop
 Labor Profiteers.  It only presented itself as the pro-life party, for the sake of getting
 the Christian-oriented vote.  The Moral Majority campaign slogan was a con game,
played solely for the sake of the Catholic vote and the rural protestant vote.

  The fact that abortion-on-demand is going strong in America shows that the Repub-
  licans weren't pro-life people, especially in light of the fact that they constructed an
  economy where it's virtually impossible for a young couple to marry and afford to
  raise a family.  It presents Ronald Reagan as the epitome of moral Christianity, but
  Reagan was an adulterer under the guise of "divorce & remarriage.  Reagan was an
  astrology aficionado, and he didn't know the difference between a Rosary and a
  hangman's noose.  He was willing to destroy lives in fear of McCarthyism, and he
  thought little of the plight of those families forced to live out of their station wagons,
  on account of his economic policies. 
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Now, the unemployment rate skyrocketed to 10.8% under Ronald Reagan.  Yet, his
postmortem propaganda machine keeps talking of a Reagan recovery.  News flash:
Reagan tripled the national debt.  The National Debt Ceiling was elevated 18 times
under Reagan.  There was NO Reaganomics-style recovery.  There was merely the
attempt to get back to status quo ... to the state of the nation before Reaganomics
started to dismantle the United States' economy.  Contrary to the conservative as-
sertion, Reagan had to abandon Reaganomics at mid-stream.  Yet, he continued
fiscally irresponsible exorbitant military spending, especially in his last year in of-
fice, thereby revealing his true chicken hawk colors.

   The Leaves on the Reagan Money Tree Were Hand Grenades

No money was being made by America in any aspect of Reagan's exorbitant military
spending sprees.  This is because all military spending yields negative returns on in-
vestments.  The national debt kept rising.  Someone else in the future would have to
pay for the so-called recovery.

Despite Reagan's attempt to salvage the nation that he was destroying,  the average
American's purchasing power dropped, apartment rental prices elevated,  the price
of houses rose, the wage rates of skilled tradesmen dropped outside of any federal
Davis/Bacon contract, and the two-income family became the norm, in order for a
family to afford during the Reagan years what a one-income family easily afforded
before Reagan took the oath of office.  Thus came the latch key kid ... the neglect-
ed child, thanks to the Hollywood Commando Chicken Hawk.

Throughout this time, the Fed was tightening the money supply, in order to curtail in-
flation.  However, if prices continues to increase, curtailing inflation lowers purchasing
power.  Letting the rich horde money was presented as Reagan's economic stimulus
package.  Two and a half years into his first term came the 10.8% unemployment rate.
He's stimulus package backfired.  Now, the Bush tax cut resulted in the 2004 federal
revenue being the lowest since 1950, when measured as a percentage of the economy.
Then came the disaster of 2008.  The Bush tax cut was backfiring, yet nothing was
done to remedy the oncoming crisis.  Republicans have a way of ignoring indicators.

        Reagan Increased Taxes, to Compensate for his Original Tax Cut

Reaganomics failed so hideously that Reagan and Congress had to keep raising taxes,
while deleting a pivotal COBRA tax deduction.  Reagan still couldn't get the nation's
head above water.  A case in fact was that the former steel capitol of the world went
bust under Reagan.  The mills throughout Pittsburgh closed.  Reagan made the United
States weaker.  Ironically, during the Reagan years, which were said to be fiscally re-
sponsible years, the salaries of teachers rose.  There was no curtailing of local govern-
ment spending in that department.  Thus came the domino effect of Reaganomics, in
as far as concerned compensating for it. 

      Creating Jobs through Taxpayer Money Is Not Economic Recovery

Do you know one of the techniques that a politician uses to create jobs?  ANS:  Gov-
ernment and Military Spending.  It's the act of taking taxpayer money and throwing it
in programs that give the temporary appearance of national recovery.  This included
elevated military spending.  It got to the point where, under Reagan, young adults were
unable to find jobs.  So, many joined the armed forces, solely for the sake of economic
survival.  This resulted in the not-so-willful enlistees being taken off the unemployment
stats.  It was enlistment by duress.  In addition, bringing back millions of lesser-paying
jobs to the private sector does NOT constitute economic recovery, especially when
the money supply is being tightened, in order to reduce inflation.

Lowering the Tax Rates of the Rich Resulted in Them Paying a Higher Share

Now, the Reaganite theory is that lowering taxes will allow the rich to retain more mon-
ey for investment and job creation.  Here is the paradox:   In 1979, the top 1% of all
income earners paid an 18.3% share of the federal government's income tax revenue.
By the Year 2006, the top 1% were paying a share of 39.1%, and this was during the
Bush tax cut years.  Let us remember that the Bush tax cut is of the same order as the
Reagan cuts, but not as drastic in percentage.  Lowering the taxes of the rich did not
free-up any appreciable investment dollars.  Economics is more involved than the tax
rates of the rich.

     Empowering the Very Communism He Was Said to Have Conquered

In 1986, Reagan opened the door to lopsided trading with a Maoist Dictatorship who
now owns over a trillion dollars worth of the U.S. Treasury Bonds and who also took
away millions of American jobs.  Reagan set into motion the selling-out of America to
the Atheist Communist Chinese Dictatorship, in the name of flag-waving, God-fearing
democracy ... Mr. Astrology.  The Hollywood Commando didn't defeat Communism.
He arranged for Communism to defeat America.  He was no conqueror.  He was a
cowardly spendthrift chicken hawk, acting tough with the blood and money of others.


    Example of a Ronald Reagan Lie, Publicly Told by Reagan, Himself


Ronald Reagan exploited the surgeon who operated on him, after the failed assassina-
tion attempt of 1981.  The intimidating braggadocio told about Dr. Joseph Giordano
was not unlike the falsehoods told about the severely traumatized Jessica Lynch whose
logistics team foolishly drove their vehicles through a Iraqi town, to the ambush of her
unit and the death of her fellow soldiers.  Reagan made false-light and out-of-context
statements meant to intimidate all Americans who used social service programs or the
Pell Grant program ... or even the watered-down version of the GI Bill.


Reagan stated that Dr. Giordano only became the head of the trauma unit at George
Washington University Hospital, because the surgeon had a father and grandfather
who didn't rely on social service programs.  Yet, this claim is suspicious, being that,
during the Great Depression and shortly thereafter, there ended up being a lot of gov-
ernment programs, such as surplus flour allotments and the Tennessee Valley Project,
and the often-used GI Bill.  Well, the physician of Italian descent categorically let the
public know that his education was partly funded by low-interest government loans.
He also stated that his medical expertise came to be, because "generous federal 
funding for biomedical research."  In fact, a news report expressly stated:

 DR. GIORDANO made it clear that he supports the civil rights legislation 
 that Reagan has been undermining, because those laws have aided Italian-
 Americans and other ethnic and racial groups by making discrimination not
 only illegal but also socially unacceptable.

 Reagan gets away with dishonest propaganda, because he can commandeer 
 the networks, where vast millions hear his self-serving tales.  But, nobody 
 ever sees Dr. Giordano on television telling the truth.  In fact, few of the 
 lords of American press will open their columns, to let Giordano even 
 gently rebuke a president who uses his name in disgusting demagoguery.

 ...  Reagan perpetuated a political fraud, but the polls indicate that it is 
     winning politics.

http://news.google.com/newspapers?id=-r48AAAAIBAJ&sjid=6C0MAAAAIBAJ&pg=2712,3548025&dq=reagan+peaceful+coexistence&hl=en

Like George Bush, Ronald Reagan was re-elected on an ongoing lie.  He made it ap-
pear that the common American was being robbed by lazy social service bums who
got Pell Grants, and that he was going to save Americans from the lazy thieves.  Well,
Chicken Hawk Reagan let Americans get robbed by a military industrial complex who
sold $22 hammers to the goverment for $640 each.  Reagan lied, in order to perpetu-
ate the theft of the taxpayer, via price gouging and out-of-control military spending.

                  The Top Consideration for Today, Economically Speaking

Today, what has to be taken into account is that the post-war baby boom generation
is at or near retirement age.  This makes Reaganomics entirely obsolete, especially if
it involves tightening the money supply at the Federal Reserve level.  Baby bombers
expect to live off of interest-bearing instruments.  Well, in order to create wealth, you
have create something of value.  Grow something.  Manufacture something.  Weave
something.  Mine something.  Paint something.  Gather something.  Pull a rabbit out
of a hat, if need be.  Wealth is NOT created by shifting around the same units of pa-
per money that has been shifted in a musical chairs game.  The value of any currency
ends up shifting its axis any musical chairs game.  This is the foundation of an unstable
economy.  In as much, taking the manufacturing base out of America sabotaged the
baby boomers' retirement years.  In 2008, pensions were already evaporating.


Reagan gave the incentive for corporations to no longer manufacture in United States
territory.  Gingrich took the baton and ran the NAFTA route.  He might as well have
pushed the average American off of a cliff.  It would have been no different.  This sui-
cide of America was done in the name of Reaganomics.

The goal of Reaganomic propaganda is to con you into thinking that you must let the
rich get richer and free the rich of any regulation which will hold them accountable for
destroying America's environment and pensions.  Yet, the rich already got outrageous-
ly rich, while unemployment and gasoline prices rose.  This shows that making the rich
richer will only make you poorer.  They failed to created the needed jobs.  After all,
how many jobs are required to pass around a derivative written on paper and in a
computer account?


It's demand and not the rich which creates jobs.  It's shoppers and NOT the wealthy
who create employment.  Very simply, if there is no one to buy the product, there will
be no employees hired to sell the product ... or even manufacture it.  The praise of the
Hollywood Commando Ronald Reagan is a con game, designed to let greed-stricken
Republicans run wild with the money supply, from overseas bank account to shining
overseas bank account.

The goals of Reagan Propagandists are to 1} prevent livable-wage laws from pre-
vailing,  2} to have no environmental protection laws, and  3} to be called to zero
legal accountability for their injustices, all the while possessing overseas tax havens.
Such a thing is known as deregulation.

The lack of common sense in the electorate is their strength.  The misinformation of
the electorate is their power.  An electorate who doesn't think and who only falls for
campaign bumper sticker slogans is their free ride  . . .  these leeches of sweatshop
workers throughout the world.  However, in all their pushy bully pulpit praising of
Ronald Reagan, they have one fatal error that entirely negates their praise of the
chicken hawk's style of economics.  That is this:

George Bush Economics WAS Reaganomics, and it resulted in the worst economic
crisis since the Great Depression.  Therefore, Reaganomics already took America to
the brink of destruction, and it will do so again if it's made into the unchecked law of
the land.  And remember, in his second term, Reagan had to abandon Reaganomics.
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