From: randy (cryofan@mylinuxisp.com)
Date: Sun Aug 31 2003 - 09:12:58 MDT
On Sun, 31 Aug 2003 07:44:36 -0500, Burch wrote:
>
>Let me see if I can make my ideas clear. The *tone* of the original piece
>in this thread was grossly partisan. As others pointed out, the first part
>of it was waaay over the top in ascribing problems with the economy to
>George Bush. Yesterday morning I heard an interview with an economist on
>fairly left-leaning NPR (can't recall his name) in which the economist
>pointed out that the over-all performance of the economy was a much larger
>factor in the current recession and projected federal government budget
>deficits than the Bush tax cut. The recession was well under way when Bush
>was elected
In my opinion, the current jobs recession, like most recessions, is
mainly about perceptions about whether it is wise to increase or
decrease or maintain spending. These perceptions are very powerful
force vectors. When the November 2000 presidential election popular
vote/electoral vote crisis was ongoing, Bush (or his spokespeople)
began to speak about how the crisis needed to be resolved quickly (a
quick resolution being in his favor).
During the height of the crisis, Bush said that unless the crisis was
resolved quickly, a recession might be precipitated. Well, his own
words (or those of his partners in crime) about a possible impending
recession were perhaps the initial get-the-ball-rolling force vector
that began the jobs recession we now have. Bush's words --
disseminated worldwide by a media feeding frenzy--fueled nascent
perceptions of an impending recession,
Bush and his GOP henchmen, like Gore and his Democrat henchmen, see
our nation simply as a pawn in their lust for power. As far as I can
tell, this attitude runs rampant in the Halls of Power in a completely
BI-PARTISAN fashion.
Yes, there were other vectors involved in the genesis of this massive
jobs recession (the dotcom bust, Enron, loss of confidence in stocks,
Sept 9-11, etc.), but Bush -- in his quest for power--started the jobs
recession with his threats of an impending recession unless the
resolution (and the vote recount) was hurried . If the
electoral/popular vote situation had been on the other shoe, I have no
doubt Gore would have done the same.
Power corrupts, etc. When did we forget this?
Just my ever-humble opinion....
-------------
-Randy
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