Beneath the Spin * Eric L. Wattree
The primary reason that the American people are suffering is because President Obama is allowing the GOP to define our priorities. The very worst thing that could ever happen to the Republican Party is for the economy to improve, people to start going back to work, and for the American people to be happy during the next election. So the GOP has a vested interest in seeing to it that the American people are hungry, miserable, and divided until after the 2012 election.
In fact, the plan is to keep us hungry and miserable beyond the 2012 election, because the overall game plan is to lower the American middle-class standard of living to conform to the new global economy. Instead of enhancing economic uniformity by fighting for the rights of workers around the world, as we've done in the past, they've now decided that it would be easier and much more profitable to simply lower the American standard of living.
"Supply- Side Economics was a scheme hatch by U.S.C. economist Arthur Laffer and the Reagan crowd which was supposed to cut the deficit and balance the budget. The theory behind Reaganomics was ostensibly, if you cut taxes for business and people in the upper tax brackets, and then deregulated business of such nuisances as safety regulations and environmental safeguards, the beneficiaries would invest their savings into creating new jobs. In that way the money would eventually "trickle down" to the rest of us. The resulting broadened tax base would not only help to bring down the deficit, but also subsidize the tremendously high defense budget. When the plan was first floated, even George Bush, Reagan's vice president to be, called it "voodoo economics."
"Reaganomics, for the most part, sought to undo many of the safeguards put into place during the Roosevelt era and create a business environment similar to that which was in place during the Coolidge Administration. What actually took place, however, was even more like the Coolidge era than planned.
"And what about Ronald Reagan's promise to balance the budget and lower the deficit? By the time he left office he was not only the most prolific spender of any president, but he also added more to the deficit than all of the other presidents from George Washington to his own administration combined. And what does the Republican Party propose to do about that? One of the Republican proposals was their "contract with America," a capital gains tax cut - for the rich.
They could blow GOP claims completely out of the water with just one carefully edited video. They don't even need a video - everything the GOP is proposing was in place during the Bush administration, yet Bush's eight-year reign created the biggest economic disaster since the Great Depression. So it’s extremely curious to me why neither Obama, nor the news media, will simply say, these people are running a game on you - look.
While I’m not prone to buying into conspiracy theories, this an issue that we really need to take a look at. Why are both political parties, and the media, going out of their way to completely ignore facts that are so glaring that we have to shield our eyes to keep from going blind?