Schuman Does It Again
  by the Last Honest Reporter
 

     Well Shu-baby, you claim not to be a GOP Apologist, but then go on to make excuses for all the GOP
Presidents.  You continue to make the Right Wing argument that Presidents don't matter.   Gore said that
Prosperity was on the line during the last Election.  I say he was right.  You seem to say that it didn't
matter, that Clinton is responsible for this Recession and that Bush  & the other 5 GOP Presidents just
suffered a run of bad luck.  If that's not Right Wing Propaganda, I don't know what is.
     Markets and Managers are always looking ahead.  When planning their budgets they take into account
who the President will be.  Just as the Clinton Boom began the week that Perot dropped out of the 92 race
and Clinton moved ahead in the polls, this Recession started last summer when Bush got the GOP
nomination and moved 20 points ahead in the polls.  You will remember, the Stock Market recovered a little
when Gore was nominated and the polls closed.   Truman's so-called Recession happened while everyone
was certain that Dewey would be the next President.  As soon as Truman had won; the Economy roared
back.
     Blame Carter and the Federal Reserve is the typical Reagan/Bush1 excuse.  The Federal Reserve is a
Private Corporation owned by the Major Banks.  Money is their Product, Interest and Fees are their Price
and Inflation is their Cost of Production.  Like any Private Corporation they always seek to maximize their
profits.  Of course, they are a Monopoly and it's the President's responsibility to block any abuse ( as
Reagan did not).  It is also the President's responsibility (as you admit that Clinton did & (Read my Lips)
Bush did not)  to make it in their interest to keep their prices down.
      If the Reagan/Bush/Casey campaign had not committed treason and conspired with the Iranians to keep
the Hostages, Carter would have been re-elected and a very different Economic Plan would have passed in '81.
One very similar to the Clinton Plan might have emerged and the Prosperity of the '90s might have happened sooner.
Carter would not have stood by and let Vollker abuse the Fed's monopoly power.
     Your assertion that the Bush1 Recession was mild and short says that you were as out of touch as he was.
Unemployment went to 7% (even after data changes that took people off the rolls) and it only ended with Bush's
departure.  Eisenhower's entire term of little growth didn't include activity in the Black Community.  The statistics
of the day did not fully represent it. Unemployment was much worse than published.
      If the Bush Brothers, Katherine Harris and Unjustice Scalia had not stolen this past election, a very different
Economic plan would have passed.   One stressing Environmental and Energy Conservation Technology like
Hybrid Cars was likely.  There would have been no energy crisis and very possibly no WTC and definitely no recession.
      No matter what the Stock Market Touts will try to tell you, there will be no recovery this year.  There is
nothing that Bush has proposed that will lead us out.  The Defense and Homeland Security spending will
help, but they are not Investments that will produce a Return in the Future.  The Bush2 Economy will run
between 0 & 1% until some Oil Price spike or Terrorist Strike drives it back into Recession.   Jr's predicted
$24 Billion deficit for this year will be over $100 Billion, rising to more than $200 Billion by 2004 when Fed
rate hikes will push us back into Recession.    Bush will invade Iraq to try to distract the Electorate and
survive to the 2004 Election.
 
      So, we still don't have the answer:  Why do all Republican Presidents have devastating Recessions?
 
     Just bad luck, doesn't expain 6 in a row.  That is a consistant pattern that must have some underlying cause.
Could it be that their entire Faith Based, Free Market, 19th Century Economic view is wrong?
And everytime it is applied, it fails.
 
   Presidents do matter
 

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