The Fraud of Bushenomics: They’re Looting the Country

[Maestro]

Source: AlterNet

In the first six years of the Clinton administration, 13.7 million jobs were created. In the same period, under Bush, only 3.7 million jobs were created. Barely keeping up with population growth, if that. (Source: Fox News)

Now let us look at median income. That's as opposed to average income (If Bill Gates walks into a bar with 10 people, the average income of everyone in the room goes up by $17,5000,000. But the median income just moves up half a notch, from between the fifth and sixth person, to the sixth person's income). From 2001 to 2005, median income, for people under 65, went down $2,000.

That's worth restating. From 2001 to 2005, the income of the average working person declined by $2,000...

...The real solutions are pretty obvious and pretty simple.

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?

By the way, this is not a call for socialism! Or other ism! Except a call for sensible and effective capitalism. Based on what we've seen work and seen fail.

In the real world, there are no such things as free markets.

In the real world, business people manipulate and conspire to control markets, and governments both control and collude with business, while tax policies and government spending have a major affect on the economy.

Let us accept that, and then the argument is only over how best to do it.

Simply giving money to rich people doesn't work.

Read more: http://www.alternet.org/workplace/74262/?page=1

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IMHO, this guy understands what is really happening and why Bushco and "piss on the people" neo-cons have ruined this country's economy. It is a good, easy read and even offers some solutions. I wonder if the current crop of pundits and candidates are listening.

[Pale Blue Dot]

1. K & R.

[Maestro]

2. Thanks I especially like the part

where the author offers as a solution investment in alternative energies which in turn will spur more jobs in this sector. I also liked how he debunked the no inflation trick and how this actually shows how much of a failure the * economy actually is.

The administration, very proudly, grew the economy (or at least the amount of money in circulation), without inflation. Which actually is a pretty good trick.

In part, they were able to do so precisely because the policy was a failure.

If it had created business growth -- actual business, not just financial business -- that would have created jobs. Then there would have been inflationary pressure. Especially if they were good, high paying jobs. If salaries for ordinary people go up, even a little, the total is a big sum because there are so many of us.

[Richard Steele]

3. Undeniably. K&R

[Maestro]

9. I just don't see why more people

are giving this admin basically a free ride on the economy. Job creation is down, we are saddled with huge debt, the rich are getting richer, the poor are poorer, millions of uninsured because of insurance companies' exhorbitant costs to the consumer not to mention its desire to play doctor, etc...

[WHAT]

4. k...

[OneBlueSky]

5. not only are they looting the country, they're engineering its destruction . . .

and they already have their escape to Paraguay planned . . . I shudder to think what Bush will do between now and when he leaves office -- IF he ever does . . .

[Maestro]

11. Seriously, a lot of his friends got richer with him acting as puppet

for the neocons. Personally, I hope he gets his ass to Paraguay so History will make sure to look back on him and his friends with disdain!

[radfringe]

6. Bushco and "piss on the people" neo-cons

[Maestro]

8. I love the cartoon

even though what it represents disgusts me!

[WinkyDink]

7. I've been saying for years: Bushco is LITERALLY the Mob. Not "like" the Mob.

Modus operandi:
Take over legitimate enterprise (the U.S. Government) by illegal means (SCOTUS coup d'etat 2000).
Bleed it dry by diverting capital into Mob-owned legal enterprises ("war" used to funnel money to Halliburton, G.E., Bechtel, etc.), as well as to support Mob-owned illegal enterprises (Afghan heroin pipeline).
Protect nefarious dealings with hired goons (Blackwater).
Leave the broken, empty shell to suckers.

[Maestro]

10. That is a good synopsis

:thumbsup: