Tuesday, December 18, 2007

Bush's Utter Failure Proven in Government's Own Stats and Charts

Terrorism is always worse under GOP regimes. Likewise, budget deficits are always worse under GOP regimes. Likewise, oil prices are always higher under GOP regimes. I've got the government's own numbers and those of the Brookings Institution to prove it all. Unless you are a GOP insider, a Wall Street co-conspirator, or a part of the endemically crooked Military/Industrial complex, the GOP has bent you over and screwed you. Anyone supporting the GOP is either a GOP insider, a crook or an idiot.

We haven't seen incompetence on this scale since Warren Harding, Calvin Coolidge, Herbert Hoover, Ronald Reagan or Bush Sr.

Check out these budget deficits below, caused primarily by profligate tax cuts which have never stimulated the economy and have, in fact, never trickled down. Notice that the worst deficits --like terrorism --are worse during GOP regimes.
According to supply-side theory, these actions should have nudged the economy in the right direction, not plunged it into the worst recession in 40 years. Other problems involve timing: Reagan's first tax cuts went into effect in 1982, but this was also the summer that the Federal Reserve Board slashed interest rates and expanded the money supply. Most economists believe the Fed, not Reagan, was responsible for the following recovery. Finally, the recession of 1990 began four months before Bush broke his "no new taxes" pledge. The recession began in July 1990; Bush signed his tax increases into law in November 1990.

And supply-siders are careful to note that Reagan's was the longest peacetime expansion since World War II. In truth, the Kennedy-Johnson expansion was longer: 106 months compared to Reagan's 92.1

--The Reagan Years

Moreover, the Fed's "peace time expansion" following Ronald Reagan's "depression" of almost two years was uneven. The worst income disparities in American history had already been triggered. As if by design, the Reagan's rich base got even richer and everyone else began to lose ground. They are still losing ground despite a all to brief respite in Bill Clinton's second term. The GOP has ruined the American economy, perhaps forever.

Historic Budget Deficits

The budget shown below --your money squandered by Bush.

Below is a chart of oil prices adjusted for inflation. It was never just about oil. It was about the price of oil The GOP wants to keep those prices high and will go to war to do it. Like terrorism deficits, oil prices are always higher during GOP regimes. Hey, Heritage Foundation! You wanna debate me on that point? Make my day!

Spread the word:

yahoo icerocket pubsub newsvine


daveawayfromhome said...

When people like Warren Buffet and Robet Riech are worrying aloud about the imbalance of ownership in the country, you know it's not just tinfoil-hat thinking. Too bad the public has the gopper's mass-marketed "taxes-are-bad" tinfoil hats placed squarely on their heads. The problem is never taxes, the problem is wasted taxes, which, to the GOP's wealthy base, means "money spent on the working people who provide me with my ridiculous quantities of wealth".

Unknown said...

You are absolutely correct, Dave. The only tinfoil hats I know are squarely on GOP heads. GOPPERS routinely espouse whacked-out, crazy fairy tales like "Supply Side" economics, called a "trojan horse" by Reagan's own budget director. A handful of smart GOPPERS know it to be bullshit but advocate it anyway because it's a convenient way to pay off the GOP base of elites, robber barons, and suck ups to the Military/Industrial complex.

Anonymous said...

Len, As long as the tin foil is cheap and plentiful, we will never be truly free in America. The real trouble with the GOP is that they have their faithful brainwashed that DEMOCRACY and CAPITALISM are the same thing...Speaking of America, Have you read Naomi Wolf's book The end of america: Letters to a young patriot? It lists 10 things a democracy goes through in a fascist shift. W has done all 10!!
Go figure...

Unknown said...

bremertongreg said...

they have their faithful brainwashed that DEMOCRACY and CAPITALISM are the same thing

You are absolutely correct. That your posting that brings back some interesting memories. If you've read my bio, you may have concluded that I grew up in a very, very "reactionary" part of the world, complete with John Bircher's and "Impeach Earl Warren" bumper stickers. I was a debater and scandalized the entire school when I put forward the proposition that capitalism was actually incompatible with Democracy. What a furor!! I was given an appointment with the counselor. To be perfectly honest, I enjoyed the controversey. I made those oil pumpin' bastards think. It must have hurt them to do it. And no one could refute it. That, of course, is not a proper "style" for a debate proposition, but it is fair topic of discussion. Our UIL debate that year had to do with whether or not the US should form a "common market" with Latin America --the exact wording escapes me. It's been awhile.

Haven't read Naomi yet...but I have watched her one hour long interview. It's available on YouTube and I posted it to one my articles. I am probably in complete agreement with her. She's is very smart.

Anonymous said...


You better thank your lucky stars that you didn't go to college in Florida...they dont send you to a counselor for asking controversial questions, they will just tase and arrest your ass!!!

Unknown said...

bremertongreg said...

...they dont send you to a counselor for asking controversial questions, they will just tase and arrest your ass!!!

You're right! Idiocy has only gotten worse. It didn't seem like it at the time, but my school was avant garde compared with others in Texas. I was caught reading Karl Marx, Bertrand Russell, John Maynard Keynes and Kenneth Galbraith and survived to tell the tale.