Mind's Eye Re: Politics

Wasn't the socialism of FDR saved by WWII?//Consumers and companies
are not going to be tricked into spending until they find out what's
going to happen to taxes, inflation, Europe, the Muddle East, oil,
crops>dust bowl?, etc.//Really Allan, the blame game of the extreme
fringes of Reps and Dems is pathetic.

On Jul 28, 12:29 pm, Allan H <allanh1...@gmail.com> wrote:
> I was looking through the groups and found this on a republican party group
> slated to be removed in 6 days and not to be archived..   I did not right
> this.
> Allan
>
> Could that be because of the near total collapse of the national
> economy, the loss of 40% of the middle class wealth, the attacks on
> women, workers, elderly by the GOP since the late 80's?
>
> >==============================================
>
> THE BUSH ECONOMIC DISASTER
>
>  Perhaps it is a little unfair to George W. Bush to name it that,
> perhaps a more accurate term would be the Reagan/Bush Economic
> Disaster. Though the damage all came to a head this day one year ago,
> it was set in place by the bill of goods sold to the American People
> by smooth talking right wing pitch man Ronald Reagan in 1980.
> Reaganomics once refereed to as "voodoo economics" by George H. W.
> Bush was put in place that eventually lead to the disaster of last
> year.
>
> The Republicans sold the American people on a concept that if you take
> away all regulations, all responsibility and all oversight, the market
> will protect us naturally. That if you make the rich wealthier, the
> benefits will trickle down to the rest of the nation. What happened
> instead is the rich did indeed get richer. Meanwhile the numbers of
> the poor increased, and the middle class shrunk. For the first time in
> our nations history average incomes went down yet the wealth of he
> nation was concentrated in fewer and fewer people's pockets. To
> further complete the redistribution of wealth, those who's greed and
> irresponsible behavior got rich, also were given tax breaks. The
> burden increased again on the poor and middle class.
>
> Then came George W. Bush. Not only did he continue the Reaganomics
> policies but added to them. He passed laws to protect credit card
> companies from its own customers allowing them unfettered control over
> interest rates, fees and collections. The Bush Administration then
> took away the teeth of the bankruptcy protection laws making it harder
> for the middle class who came upon hard times to recover. Then the
> death blow, George W Bush and a Republican Congress for 6 out of his 8
> years in office took our budget from a surplus to a 17 trillion
> deficit. Throwing away money on a war of choice, and more tax cuts for
> the wealthy again leaving 95% of Americans behind.
>
> Jobs left, opportunity left, false wealth exploded, risk exploded,
> oversight and regulation was non existent. And as always happens
> sooner or later when irresponsible behavior rules it came time to pay
> the piper. So one year ago that was clearly evident to all with the
> collapse of Lehman Brothers. \line\line So what has happened in the
> year since. Well good news and bad news. George W. Bush is out of
> office and our new President Barack Obama, took quick and decisive
> action to stop the bleeding. Many banks were saved, The stock market
> had recovered 50% of its losses since last September. The amount of
> job loss has been reduced. An auto industry who's collapse would have
> cost millions more jobs was averted. Home sales are up, home values
> are up. Cash for Clunkers gave a huge shot in the arm to the auto
> industry. Finally the middle class got a tax cut.
>
> But now the bad news. The lack of rules and oversight left over from
> the Reagan/Bush economic voodoo has not been corrected. Though we put
> some oil in the car to prevent the blowing of the engine at the last
> minute, we continue to drive and treat the engine the same way which
> will lead to another disaster sooner or later. No new regulations have
> been implemented, no major change in oversight, and the wealth is even
> more consolidated then before. In fact 3 of every $10 invested in
> banks or securities in this nation are held in one of 4 very large,
> very risky institutions.
>
> --
>  (
>   )
> |_D Allan
>
> Life is for moral, ethical and truthful living.

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