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- Heysal, on 01/20/2008, -8/+54And people insist on voting for Hitlery so they can have more of the same. We must love it - people are still bending over and spreading for them.
- rhabd0mancer, on 01/20/2008, -10/+56This will be the 3rd Bush Recession and the worst since the Great Depression.
Such an amazing record of incompetence and failure by the Bush family.
It's almost as if they were deliberately trying to destroy America. - nblsavage, on 01/20/2008, -6/+40Oh yes, it's ALL a liberal conspiracy. Sorry, Bush ***** up, and to paraphrase a far better president than he, The buck stops with him.
- grenden, on 01/20/2008, -6/+29"In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the effects of the... Anyone? Anyone?... the Great Depression, passed the... Anyone? Anyone? The tariff bill? The Hawley-Smoot Tariff Act? Which, anyone? Raised or lowered?... raised tariffs, in an effort to collect more revenue for the federal government. Did it work? Anyone? Anyone know the effects? It did not work, and the United States sank deeper into the Great Depression. Today we have a similar debate over this. Anyone know what this is? Class? Anyone? Anyone? Anyone seen this before? The Laffer Curve. Anyone know what this says? It says that at this point on the revenue curve, you will get exactly the same amount of revenue as at this point. This is very controversial.
Does anyone know what Vice President Bush called this in 1980? Anyone? Something-d-o-o economics. "Voodoo" economics. "
Almost 3 decades later: another Bush (v2.0), same voodoo economics. - inactive, on 01/20/2008, -5/+27I'd rather read articles about maniacs than hear more about how we need another SUPER SURGE to combat a few thousand jihadists...
Think about it stupid.......We are spending 1 TRILLION dollars fighting a few thousands people with no weapons/bombs/nukes/anything......They have ***** sticks. We talked our way out of a Nuke-off with Russia (remember them having 20,000 nukes ready to launch at a moments notice?) but we can't ignore these few angry radicals? Get ***** if you think we should continue this *****. - felman87, on 01/20/2008, -6/+26I was watching Fox News at work and they said the economy could head into a recession. Must be liberal huh? Wait, Romney, McCain, Huckabee also said similar...LIBERALS! They're all liberals!! Conspiracy!!! WAR!!
- angelahaydencom, on 12/06/2008, -10/+30The voodoo economics the Bushies have sold America obscure their systematic fleecing of the nation's public wealth.
- inactive, on 01/20/2008, -4/+23Could someone please point to one institution or bureaucracy that hasn't been corrupted ?
- themonkman, on 01/20/2008, -2/+21LoneRanger85 obviously has no knowledge of economics. A recession does occur because of reduced spending, but his reasoning behind this reduced spending is fundamentally flawed. When the purchasing power of the primary economic unit, the Dollar, drops in confidence in domestic and foreign markets, people tend to spend less. Also, as the stock market notices deficiencies in economic growth, both domestic and foreign, progressive trading slows and selloffs are common. Investors are as a majority, fiscally conservative. They want to protect their investments (which usually equates for most American's to their retirement funds) so they pull their money out of volatile markets due to the devaluation of the Dollar.
Inflation causes a majority of this. Overspending in Government and increased taxes or national debt compounds and causes the inflation. Artificial government manipulation of the market also contributes to recessions, because they only delay the inevitable and in most cases make it worse because of the delay. Time equals interest which equals compounding debt. I could write several hundred pages about this, but it's unlikely that ignorant individuals such as LoneRanger would own up to the facts and accept them. People with much more sense than him, like Forbes or Trump, would agree with me. - BuzzFriendly, on 01/20/2008, -5/+21Look Honey! Another Pro Life War Supporter.
- ZenMojo, on 01/20/2008, -2/+18Er...okay, good point. The greatest scam ever pulled by a Republican administration. "Of course government sucks! Look how badly WE handled it!"
- BobbleBingnut, on 01/20/2008, -2/+18Don't paint with a broad brush; there are bad people in both parties who need to be rooted out; we need fair elections with all candidates given equal time including independents.
- inactive, on 01/20/2008, -3/+18Let's put it this way too: Bush is doing to the economy what the terrorists only dream of. Sometimes in my more paranoid moments, I speculate that someone could not do a better job destroying America than Bush has done. Mere incompetence? Hell no. He's done a very competent job of shepherding the US into a police state, making the rich richer, the poor poorer, and eliminating the middle class. Not bad for a drug-using alcoholic liar. He'll go down in history as best of class. Though he'd better go live in Paraguay once future generations wake up to what he set them up for.
- DangerCollie, on 01/20/2008, -2/+16The Bush administration is both corrupt and incompetent. In concert with an equally corrupt Republican party, they pretty effectively plundered the nation's treasure. They were able to get away with it because the Democrats were weak and ineffective and just as corrupt in their own way. And because we were collectively stupid enough to let them. In 2000 and 2004 America had good alternative choices and a large block of voters decided to vote for issues other than competent management skills. I don't believe Bush honestly won either election, but it was close enough for them to cheat their away across the finish line. Instead of getting beaten by an embarrassingly large margin, it was close.
And even after all the lying, corruption, daily incompetence, and the undermining of the Constitution, 25% of the population STILL support these bozos.
What I'm getting at is that maybe we actually have the leadership we deserve as a country. We're not worthy of better leadership because we don't value it. A certain fraction of the population would vote for Vlad the Impaler if he was the only anti-abortion candidate on the ticket. Collectively we're stupid and stupid people get plundered. Too bad, so sad. - pintomp3, on 01/20/2008, -0/+13seriously, reagan talked about the evils of big government, but ran up the debt faster than any previous president while waging a war on the poor with his phony strawman "welfare queen driving a cadillac". republicans just hate the thought of spending money on things that benefit society, instead handing everything over to their buddies in the private sector. trickle down economics FTL.
- inactive, on 01/20/2008, -5/+18Damn what a retard.
- sdlvx, on 01/20/2008, -5/+17Bush economics is only fueling lobbyists and control of politicians.
- Delphium226, on 01/20/2008, -4/+16Ssssshhhh!. There now child, try not to hyperventilate. Did those nasty 'liberals' with their vast media conspiracy try to pull your head out of the sand?!?
- inactive, on 01/20/2008, -2/+13Tell me why you think Ron Paul supporters are insane and also why you think he's an isolationist quack.
You have no real argument here. You just have put downs. An isolationist doesn't want a part of anything. Paul has stated many times he'd attack if we were attacked .......and we'll trade and talk as usual. We just won't go throw away 1 trillion dollars fighting a few thousand jihadists who only have sticks and a few ieds as weapons. So don't feed me any of this isolationist *****. You ARE talking out of your ass.
OH, we made the mistake already about going to war.......Might as well continue for a few more years? Sorry, don't think so. It's old people's trust of government that got us into this mess, now it's time for the young people to take control and tell these old folks we aren't going to let our country be a ***** like they're so used to living in.
Paul is out to change the system while every candidate wants to tinker with it. Paul is thinking ahead 20-40-60 years......Obama and hillary are thinking 8 years lets try to fix what Bush messed up. Or worse yet, the neoconservative (read: spend more, talk like we're not) republican lineup throwing our kid's kids into war 100 years from now.... Sorry I'm not going to live like my parents and "hope" to maintain the status quo without asking for top-to-bottom change. "Hope" that nobody will do to us what we have been doing to everyone else for 50+ years. I want true change, no more government reliance. I don't want to shell out half of my income to a government I dont trust. I don't want to be a part of a social security program that won't exist in 20 years.
It's overwhelmingly obvious you're an obama supporter. I know that because you think "hope" and generosity makes things all better. Do yourself a favor, re-read the constitution as you asked everyone else to do. Use a pen to mark everything the bush/clinton administration disregarded because it didn't fit well with their agenda. - crichton101, on 01/20/2008, -0/+11Well, it seems that you "conservatives" want to credit Bush with all the good things and then either brush all the bad under the carpet or just blame it on the "liberals".
- fixty, on 01/20/2008, -3/+13No, I think he'd prefer a bread stick. (see the end of the quote below)
FTA:
The illogic of Bushenomics is obvious. The results were foreseeable. After all, similar effects took place under Reagan and Bush the Elder, until they reversed courses. The alternatives are equally obvious. The facts bear out the theory. Go back to Hoover and Roosevelt, then look at the down, up, down, of Bush the Elder, Bill Clinton, and Bush the Lesser. (We do note that there are minor industries dedicated to proving that Franklin Roosevelt was, in the words of CNN's Glenn Beck, "an evil son of a bitch," that the New Deal really, really, really didn't work, and that Bush the Elder was really, really, really responsible for the boom of the Clinton years and that Clinton was responsible for the first recession during the reign of Bush the Lesser. But they are like people who see the image of the Virgin Mary in bread sticks and crullers.) - bowens44, on 01/20/2008, -1/+11Keep your head in the sand, it's much more comfortable then having to face reality.
- tybris, on 01/20/2008, -1/+11The fact that these people are real makes the Colbert Report so much funnier. Thanks.
- inactive, on 01/20/2008, -1/+10Calling it voodoo economics is an insult .. to voodoo.
- principle, on 01/20/2008, -1/+10Here is some information on this subject that every American should know.
America: From Freedom to Fascism - There Is No Income Tax Law - trailer
http://www.youtube.com/watch?v=wo61EI8guSU
America: From Freedom to Fascism (part 1 of 11)
http://www.youtube.com/watch?v=3ueEfRXZCVA
“Money As Debt”
http://video.google.com/videoplay?docid=-905047436 ...
Money, Banking and the Federal Reserve
http://video.google.com/videoplay?docid=-466210540 ...
Fiat Empire - A Closer Look at the Federal Reserve
http://video.google.com/videoplay?docid=5232639329 ...
The Money Masters
http://video.google.com/videoplay?docid=-515319560 ... - bowens44, on 01/20/2008, -1/+10The traitors , idiot, is the members of the administration who sold out our country,rewarded those who moved our jobs to India and the Dominican Republic and redistributed the money of the middle class and the poor to the already wealthy. The traitors are those who give our natural resources to the corporations. The traitors are those who praise 'trickle down' economics when in reality it is nothing more then the rich pissing on the poor and middle class an calling it lemon-ade. Every time supply sife idiots get in control , our economy crumbles and it's left to the Democrats to repair. Now crawl back into your hole you neo-con apologist.
- fixty, on 01/20/2008, -1/+9I dugg him down because the comment was condescending and pedantic. If you can't get your point across without talking down to people you are neither displaying reason nor intelligence.
- DestroyFascism, on 01/20/2008, -3/+11Thank you Larry Beinhart. That was a good read and I agree with every word of it. Bush and his cronies, the mates beyond the whitehouse nearer the Golf course are responsible in most ways for Americas coming undoing. Sadly I don't believe there are too many Americans that will take the time to read such an article simply because they have other interests of the kind FAUX supplies. They simply let the TV do the thinking for them and never give anything a second thought. That is why Billary Clinton or some other nut job will get the Chair in Office. The real brains of this country, America, go largely unnoticed, forgotten. throughout American History I see great people being screwed time and again. After all it was not Bell who invented the Telephone...But nothing has changed in the History lessons to date. (He stole it)
- alvarezg, on 01/20/2008, -0/+8Well-written article. One more priority should be to investigate corruption and make arrests. US companies don't compete on technology any more, only on lobbying against each other and against the consumer.
- VitriolAndAngst, on 01/20/2008, -0/+7Tariffs funded our government for MOST of the time before the Civl War.
You have the history correct, but, what LEAD to the great depression was exactly the kind of Laissez-faire keptocracy we have now. The Hawley-Smoot act was just too late. There was a liquidity crunch -- nobody had any money to buy so how would a tariff raise money? Same thing would happen with a consumption tax -- you'd depress consumption, whereas tariffs don't, because the costs force production into the USA and it raises wages. The problem with the Republicans is that they don't want to deal with the problem by raising wages -- they'd rather keep people poor and stupid by making cheap credit and attacking education with standardized testing.
Voodoo economics is only slightly less bad than Reagonomics -- which is just another word for "credit card economy." What do you do after you've run out of credit? Squeeze the people without giving them any of the benefits. The Republicans hated Clinton, even though he was 75% Republican, because he didn't help them finish off the middle class.
That we have to still argue that taxes in some form are required is nonsense. Tariffs tax wealth leaving the country -- that's why Toyota moved into the US to build cars. Lack of trade barriers is why Ford is now moving to Mexico. Tell me, which economic model means a better standard of living for MOST Americans? People are still getting fooled that we should actually care about "global competition." Everyone would be perfectly fine if the cost of materials went up -- because right now, we ship all our raw goods out of the country only to purchase the finished product because we don't make anything.
And the Reagonomics of the 1980's was still Bush. That evil family has been running the nation since Nixon, and we've only had the brief respite of Jimmy Carter. It's a testament to American ingenuity that we've been able to afford Republican looting this long. - inactive, on 01/20/2008, -2/+9Islamophobia is the new antisemitism.
- VitriolAndAngst, on 01/20/2008, -1/+8Greg Palast -- the world's best journalist, on the trail of BushCo: (I know that aboveTopSecret is a bit conspiracy-minded, but hey, there are conspiracies all the time, and we don't get told the truth -- there is no money in it. Just watch the video);
http://video.abovetopsecret.com/bcvideo/40
Good overview of how much this guy sucks:
How did Bush get to defend America in the National Guard with a 25 out of 100 score?
Katherine Harris, in charge of making sure the campaigns were fair and balanced in Florida -- remember her? She ordered the end of the count to the ballots -- more than half of the 180,000 ballots not counted were made by Blacks. 80,000 blacks showed up and were turned away on suspicion of being felons at least 95% of these challenges were proved wrong -- but ChoicePoint was paid millions to get the vote wrong. Why was Bush grinning when they announced Gore won in the exit polls? - ZenMojo, on 01/20/2008, -2/+9Vitriolic, partisan garbage? The worst president in decades isn't worthy of vitriol and the fact that he was overwhelmingly supported by an idiotic Republican base doesn't make it partisan?
- balzac69, on 01/20/2008, -0/+7People make the government, it's not the other way around. Rather than blaming 1 man for all of our problems, we should perhaps look to our 535 senators, our state legislatures, and of course other inhabitants of our society which make shaky decisions which affect us all. It seems more probable, to me at least, that all of those people have more power than 1 man to change the way our world.
We don't need a scapegoats, as they just distract us from the real issues of our society. When I said we need scapegoats, I was being sarcastic. Sorry if it didn't come across that way. - fixty, on 01/20/2008, -0/+7I think we can all safely and constructively blame one person: Time Magazine's 2006 Person of the Year.
- VitriolAndAngst, on 01/20/2008, -0/+6Bill Mahr made a great joke about that;
"Some people think Bush is fighting for America, and some people think he might be working for the other side. But really, what would be the difference?"
If there is any deterrence for terrorism, it would be because they don't want to get in Bush's way -- heckuva job. - inactive, on 01/20/2008, -1/+7This explains the Blue Screen of American Death.
- inactive, on 01/20/2008, -1/+7The people digging me down really need to educate themselves on what our Federal Republic is supposed to be. The States are largely supposed to be soverign entities. A Federal 'Department of Education' just screams social control and something that our Founding fathers never intended.
- DangerCollie, on 01/20/2008, -2/+7Tell the nurse it's time to change your diapers. If you keep up with the crazy talk they'll take away your computer time.
- theelectricafro, on 01/20/2008, -0/+5The biggest scam ever pulled is the substitution of the word "intent" for "incompetence". They all know what they are doing, and they are pushing fore ward with focused intent. Most republicans and democrats fit this description.
- skinturtle, on 01/20/2008, -0/+5From the original article - "First, we have to make a choice: Do we want a sound economy for all of us and a strong America? Or do we want to have a few people of unlimited wealth who use that wealth, among other things, to control the government so that it helps them milk more money from the rest of us?"
That sums it up quite well.
Also like one of the replied posts said, "What we are seeing is a massive transition of the wealth being extracted from the middle-class and handed over to the elite class."
It's like a giant transaction and the problem with it is that the wealthy won't spread it around..they will just keep hoarding it for themselves. - pintomp3, on 01/20/2008, -0/+5supply-side economics = give all the money to the wealthy and hope they aren't too greedy and keep all of it.
- rcook18, on 01/20/2008, -0/+5Did you have a point to make? If so, let's hear it and skip the part about how this thievery didn't start with the current administration.
- inactive, on 01/20/2008, -1/+6Your brother died following orders, doing his job. Like a professional. But his boss had an agenda and misused his powers as president to further that agenda and put wealth/power into the hands of a few. So ya, this country is now a ***** because your brother's life was expendable to the wealthy and powerful. Not just your brother but everyone who has died for this country thinking it was for good. ...yet the guys running the show could give a ***** about your brother. That's the sad part. It used to mean something. Now they really are toy soldiers for someone else's power play.
You can't say the war is wrong and then combat it with "look what we've done".......We've done nothing. It hardly a working democracy. That dictator was a friend once to the U.S.......till we made him the "cruel dictator." Maybe it's because he didn't play along with the U.S.'s "strategic planning" or in my understanding "oil planning"......We said "we're building a bridge to the arab world to get your...our.... oil, you need to move" ......he said "no, go ***** yourself" .....so we kill him.
So look what we have done: ignored our own country's problems (the currency, health and wealth of the middle class, etc), ignored everything we stand for (the constitution), bombed the hell out of a few countries, and now continue ignoring our constitution by rebuilding them with taxpayer dollars. I say taxpayer meaning you and I because we all know bush and friends aren't paying a dime into the region.
As far as the soldiers go, I'm glad it's going better than ***** for them. BUT tell me what "victory" is. Tell me what victory is after we've killed and displaced millions. Ruined millions upon millions of lives. Tell me it's more than "we got our hands on some oil" because that's all it's boiling down to with our strategic base right in the middle of the action. - inactive, on 01/20/2008, -1/+6"We've ousted a cruel dictator, freeing a people and instilling democracy. "
If that's an example of democracy, no wonder the US is in trouble.
"Also, things have been going well for our soldiers lately."
In the totally owned mainstream media they are. In reality, they certainly aren't. Do you work for FOX News? - ultralights, on 01/20/2008, -1/+6isnt the average Australian more wealthy than the average American? not only that, out Aussie $$, what was the pacific Peso, is very close to even value of the US $$...
- fmaxwell, on 01/20/2008, -1/+6Apparently, your propensity towards beating your head against walls has had some real effect, albeit not positive, on your cognitive abilities.
"Over-extension of credit" is certainly to blame here. It's that credit that allowed the national debt to soar to record levels, such that it's affecting the value of the dollar in world currency markets. That same national debt will hang like an albatross over generations to come as their taxes service interest on that debt, much of it lining the pockets of wealthy foreign investors, pumping money out of the U.S. economy.
Want to talk about the mortgage mess? Might that have a lot to do with the wild-west approach to loans, where the federal government has taken a hands-off approach, doing little to regulate an industry that was taking advantage of under-educated and/or overly optimistic consumers? But that's more of the right-wing mantra: Capitalism solves everything. - JohnFlux, on 01/20/2008, -0/+4GDP per capita doesn't really reflect the average person, since a few percent will hold the majority of the wealth.
- MadN, on 01/20/2008, -0/+4"His oil money is primarily Texico, which has all but died since we entered Iraq"
Um, are we supposed to forget Halliburton?
The Saudis who support Terrorism and are Bush buddies? - DangerCollie, on 01/20/2008, -2/+6So instead you voted to give it to Haliburton. Wow, you're a genius.
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