Newsgroups: talk.bizarre
Subject: Re: triade to roger carrasso, idiot
From: dhoward@desire.wright.edu (sparky-desire)
Date: 3 Oct 92 18:40:12 EST
Organization: Wright State University 

In article <9210021528.AA03600@quaestor>, carasso@inference.com (C A R A S S O) writes:
> By sorting a table in the September 25, 1992 LA Times by GNP growth

	(roger tries to blame all bad economies on the republican party)

> ...carasso

any history buffs would look at roger's table and see that it
did not matter who was president when, the economy sucks when
it sucks, and it gets better when it gets better.

points....

	FDR was fortunate to be president when the U.S. economy
was recovering from the great depression, and gearing up for
world war two.
	Hoover was unfortunate to be president when the U.S.
economy was under the influence of the great depression.  (note
that the great depression was a world-wide event, and not just
limited to home-town america.  everybody suffered.)
	Kennedy and Johnson both gained credit from the Viet Nam
war.  Like FDR's WWII, all the military spending that took place
over those years contributed to a considerably significant portion 
of our annual gross national product.
	All three of Truman, Eisenhower and Nixon were victims of
over-borrowing on the part of the administrations that preceeded
them, and both suffered the consequences of paying the interest 
on an enormous national debt.  In order to finance a war, the 
government borrows money from people in the form of U.S. treasury 
bonds.
	Ford was the one who inherited Nixon's administration.
	Carter followed Ford into the same piddly economy.
	Now Regan, (Flannel Shirt Magazine's Man of the Year), had
the timing and power to put our economy back on track, but instead
opted for his strong dollar policy to encourage foreign investment
in the U.S., shooting interest rates through the ceiling, and ended
accomplishing his objective of foreign investment at the expense of
the American taxpayer in the form of higher interests rates at home,
while paying out to the Japanese and the arabs all that interest on
U.S. treasury bonds that they bought from our (our?) government.
	When you hear about our national debt, (trillions of dollars),
it is the debt that our friend ronnie-baby amassed during his two
terms of office, by shooting the foreign value of the dollar through
the roof, and encouraging everybody to come over here and spend their
yen, and rupia, and whatever the fuck else they have in their pockets.
	Regan's plan backfired when all the major U.S. corporations
decided that it was cheaper to move manufacturing operations overseas
than it would be to invest in newer, more modern facilities here at
home.  Instead of using the borrowed dollars to really invest in the
U.S. economy like he should have, he spent billions upon trillions on
defense, making missiles that cost seven digits a piece, and were
subsequently cut up with power saws as the result of many of several
treaties that were signed between the U.S. and the U.S.S.R.
	Bush was unfortunate to inherit Regan's national debt, and
along with it, all the other repurcussions like G.M. moving to Mexico,
R.C.A. manufactured in Japan, and all the Taiwan garbage we get over
here thinking that just because they have an american name on them,
that they were made here at home.

	Don't get me wrong.  I'm a staunch ultra-radical-hippie-commie-
liberal-red-long-hair-refugee-from-the-sixties.  But don't try to tell
me that a democrat is a better economist than a republican.  they all
suck big weenies.  they don't know the economy for skid marks in their
boxers.  and for that matter, neither do the majority of the american
voters.  we all sit around and piss and moan about the current adminis-
tration, just because we think that they are the cause of all our money
problems.  but try to close down some plant like the one in dayton that
manufactures plutonium triggers for nuclear warheads, and you have a
community of five thousand crying to their senator and congressman about
all the lost jobs.
	it don't matter who's in office.  it's all in the hands of the
american people.  if we want to get our economy straitened out, then
we gotta start getting our priorities strait.  the united auto workers
managed to united-ly auto work tens of thousands of jobs into mexico,
and at the same time, when the japanese are investing in new fan-dangled
automated equipment for their factories, (made in u.s.a.), companies like
g.m. think it would be better to ship the machines they have down to the
rio grande rather than spend the high interest on loans to buy the same
stuff that makes japanese cars so competetive.
	Our economy is going to run its course, no matter who's in office,
and no matter what kind of policy is in effect.  it sucks now, and it will
continue to suck for some big time to come.  the only thing the next
administration can do is knuckle down for the long run, and hope that
things will be on key when we start coming out of the low spot.  we have
the opportunity right now to start spending our tax and investment dollars
on things like the infrastructure, highways, bridges, railroads, power
plants, all those things that contribute to a future strong economy.
	but as long as the majority of the american public think that
they can continue to finance their recreational vehicle vacations from
wages earned putting together triggers for nuclear devices, then we are
all up one big major shit creek.

-- 
.sparky.
Newsgroups: talk.bizarre