THE GOP: A ONE HUNDRED YEAR RECORD OF  SWINDLING THE AMERICAN PEOPLE
In 1921 -- eight  years before the great depression -- Republicans took over the helm of this  nation for 12 years. During that time there were three Republican  administrations, the first of which was the administration of Warren G. Harding.  History remembers Harding's administration for one thing more than anything  other -- scandal. It was during Harding's presidency that the Teapot Dome  Scandal erupted. His administration was considered the most corrupt  administration in the history of the United States -- until Nixon's, then  Reagan's, and finally Bush's.
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Next, in 1923, came Calvin Coolidge, the  president that Ronald Reagan is said to have most admired. Coolidge's policies  of large tax cuts, allowing business a free-rein, and his encouragement of stock  speculation contributed greatly to the impending stock market crash and the  great depression that was to come. 
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Then in 1929 Herbert Hoover came to  power. During his administration the stock market crashed, starting the great  depression. In spite of the fact that by 1933 the unemployment rate was at 33.3%  with 16 million people out of work, the Republican, Hoover, just sat, thinking  that the economy would eventually rejuvenate itself. During Hoover's  administration 15,000 WWI veterans marched on Washington demanding that they be  paid what they were owed by the government. Hoover responded by calling in  federal troops to throw these ex-servicemen off government property.  
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Finally in 1933 Franklin Delano Roosevelt, a liberal democrat, was  elected overwhelmingly. He immediately surrounded himself with a group of the  finest minds in the country, including Columbia professors Adolph A. Berle, Jr.,  Rexford G. Tugwell, and Raymond Moley, known at the time as the "Brain Trust."  After assembling these men and others he went about the business of developing  a" New Deal" for the working class people of this country. 
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The New Deal  had two components -- one to help the economy to recover from the effects of the  great depression, and a second component to give relief to the American people  and to insure that they were never be placed in a position of total destitution  again. To help heal the economy Roosevelt created programs that regulated  business, controlled inflation, and brought about price stabilization; to bring  relief to the people he signed The National Labor Relations Act which guaranteed  workers the right to collective bargaining, and he created the Social Security  Administration to guarantee workers some sort of income once they became too old  to work. He also signed the Fair Labor Standards Act which protected workers  rights and set a minimum wage for workers.
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With his New Deal in place  Franklin Delano Roosevelt, this "bleeding heart liberal", not only led this  country out of the worst, Republican generated, crisis that this country has  ever faced, but went on to lead the free world in victory over Hitler in WWII.  He then ushered in the most sustained prosperity that the world has ever  known.
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One would think that conservatives would have seen the light, but  their passion to further enrich the wealthy at the expense of the middle and  lower classes seems to supersede all logic. Therefore, from the moment that the  New Deal went into place, conservatives have been determined to dismantle it.  The closest they've come to succeeding started during the Reagan administration  with Supply-Side Economics, or, "Reaganomics" -- and the battle is currently  raging in Washington D.C. as we speak. 
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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." 
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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 planed.
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Instead of taking the money and investing  it into creating new jobs, the money was used in wild schemes and stock market  speculation. One of these schemes, the leveraged buy out, involved buying up  large companies with borrowed funds secured by the company's assets, then paying  off the loan by selling off the assets of the purchased company. This practice  cost the citizens of this country its industrial base. In addition, the bottom  fell out of the stock market. On Monday, October 19, 1987 the Dow-Jones Average  fell 508.32 points. It was the greatest one-day decline since 1914 - 15 years  before the Great Depression. 
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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  capitol gains tax cut -- for the rich.
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Due to the continued freewheeling  fiscal policies of conservative Republicans, between 1986 and 1989, spanning the  presidencies of Reagan and Bush Sr., the FSLIC had to pay off all the depositors  of 296 institutions with assets of over $125 billion. 
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Then in 1988  Silverado Savings and Loan collapsed, costing the taxpayers $1.3 billion. It was  headed by Neil Bush, brother of George W. The investigation alleged that he was  guilty of "breaches of his fiduciary duties involving multiple conflicts of  interest." The issue was eventually settled out of court with Bush paying a mere  $50,000 settlement. 
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Then there was the Lincoln Savings and loan scandal  in 1987, involving John McCain. The scandal was very similar to the one that is  currently playing out on Wall Street. He was one of a group of senators dubbed  "The Keating Five" involved in a scandal by the same name. 
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In 1976  Charles Keating moved to Arizona to run the American Continental Corporation. In  1984, shortly after the Reagan era push to deregulate the savings and loan  community, Keating bought Lincoln Savings and Loan and began to engage in highly  risky investments with the depositors' savings. In 1989 the parent company,  which Keating headed, went bankrupt, and it resulted in over 21,000 investors  losing their life savings. Most of the investors were elderly, and the loss  amounted to about 285 million dollars.
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After having received over a  million dollars from Keating in illegal campaign contributions, gifts, free  trips, and other gratuities, the Keating Five--Senators John Glenn, Don Riegle,  Dennis DeConini, Alan Cranston, and Sen. John McCain--attempted to intervene in  the investigation into Keating's activities by the regulators. Later, they were  admonished to varying degrees by the senate for attempting to influence  regulators on Keating's behalf. Charles Keating ended up being convicted for  fraud, racketeering and conspiracy, for which he received 10 years by the state  court, and a 12 year sentence in federal court. After spending four and a half  years in prison, his convictions were overturned. But prior to being retried, he  pled guilty to a number of felonies in return for a sentence of time  served.
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Then came the George W. Bush administration that caused close to  a million people to die uselessly in an illegal war in Iraq, robbed the American  people blind, whose fumbling ignited the longest war in American history in  Afghanistan, and whose greed came very close to sending the nation into yet  another depression.
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Now, after all of their repeated efforts to deplete  the national treasury, they're unanimously voting against every piece of  legislation that the Democrats propose to repair the damage they created, and to  bring relief to the American people. Then they have the audacity to claim that  they're doing it because they're concerned about deficit spending.  
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They're against affordable health care for American families; they're  against any kind of spending to put Americans back to work, and they're against  extending unemployment insurance to relieve the burden of America's unemployed.  What's particularly telling, however, is they're also against any kind of strong  legislation to prevent the financial community (them) from being able to rob the  American people in the future. 
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The fact is, what they really want is to  maintain the status quo, and make damn sure that the American people suffer  until the 2012 elections so they'll have a chance to regain power and raid the  treasury again. That's their one and only agenda - period.
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This is not  just political rhetoric. Here is the activity of the Republican congress who ran  in the 2010 election on their claim that their number one priority was to bring  economic relief, and create jobs for the American people:
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History is clear. The conservative  Republicans don't mind spending money, they just don't want to spend it on those  who need it - us. Remember, they're the party of Alexander Hamilton, one of this  country's founding fathers who believed that only those who owned property  should even be allowed to vote. He also said:
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"All  communities divide themselves into the few and the many. The first are the rich  and wellborn, the other the mass of the people.... The people are turbulent and  changing; they seldom judge or determine right. Give therefore to the first  class a distinct, permanent share in government. They will check the  unsteadiness of the second, and as they cannot receive any advantage by a  change, they therefore will ever maintain good government." Debates of the  Federalist Convention (May 14-September 17, 1787).
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So, let's set  the record straight. Franklin Delano Roosevelt, that "bleeding heart liberal",  not only brought the nation back from the Great Depression and saved the world  from Hitler during his life, but his "New Deal" for the American people gave us  the greatest prosperity we've ever known, and allowed him to reach back from the  grave to save the nation from Ronald Reagan 50 years after his death.  
 
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That isn't to say that the liberal Democratic philosophy corners the  market on what is in the best interest of the nation -- it is clear that both  parties have had illustrious moments in the past -- but rather, this is one of  those defining issues in American politics that determines whether this is to be  a government of the people, by the people, and for the people, or a government  where the citizens or nothing more than disposable resources for big business.  
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In the past the Democratic Party has always been there to draw a line  in the sand on this issue, but in recent history the liberal philosophy has been  distorted to the point that even Democrats are distancing themselves from their  own political philosophy. 
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But what makes America great, are those  dramatic moments in American politics when that one individual has the courage  to put everything on the line to defend, protect, and save the American people  from disaster. And the annals of modern American history will clearly show that  during those moments, it was a "bleeding heart liberal" that stepped up to the  plate. First FDR, then Bill Clinton, and now Barack Hussein Obama.
 
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Thus,  future historians will record that there is nothing more honorable in American  politics than a bleeding heart . . . because their hearts bleed for America.
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Eric L. Wattree 
wattree.blogspot.com
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Religious  bigotry: It's not that I hate everyone who doesn't look, think, and act like me  - it's just that God does.