It's the Economy Stupid

Back in 1980, when Ronnie Reagan was elected. We were at a unusual economic crossroad. It was apparent that whatever congress and President Carter were doing to ameliorate the economy just wasn't working. So along comes the Pres and his big tax change. Of course what most folks don't know is that he was supposed to also cut massive parts of federal budget too. And he and congress did cut parts of the budget but they were mostly those parts that helped people achieve job training, and keep jobs in the U.S. yadda yadda yadda. He didn't cut the defense budget at all in fact it was dramatically increased. And most Americans approved of this, but the increase in the deficit was huge. So if anyone starts touting the Reagan economic turnaround keep in mind it was probably the massive injection of federal funds into the military industrial complex. That is not necessarily bad, I mean those arm manufacturers and shipbuilders and tank builders need to employ people, right? Those people can use the jobs here in the states. The bad part of investing such huge amounts into the Military Industrial Complex (check out section IV in that link) is that these investments are not contributing to our infrastructure in such a way as to promote continued job creation. The only way the M.I.C. can continue it's economic growth is to ensure that war becomes a growth industry. How many billions do we send to Iraq? And now our current Dummy in Chief is rattling sabers with Iran? Something seems a bit suspicious to me. So as Georgie Bush's investments into our war industry seem to be failing, he never was very good at running a business, He and congress propose a very Keynesian economic solution to jump start things. That is, putting cash into the hands of consumers. Of course tax breaks are coming, for these clowns tax breaks are the solution to everything. Well, Apparently not everything. But like Georgie's attempt at middle east peace this is all too little too late. Damn, I do wish we would impeach this guy.