Tuesday, February 5, 2008

Super Tuesday Economic Failure

Super Tuesday is a failure for the Stock market and America's economy. Many have been saying around the country that we are already in a recession. However, President Bush, the Republicans, and wall street are all avoiding the term recession. There is one thing I have to ask, with all the knowledge about economics the Republicans claim to have, why is it they do not understand the one simple rule for a working economy? 'A working economy only works when the people in that economy are working.' Strange how none of the Republican experts know this simple rule. Because if they did then in 2002 they would have never given GOVERNMENT financial incentives to corporations to take American high tech and other jobs overseas. If they knew the simple rule of a working economy, they would have never changed the rules of engagement in the foreign trade agreement that slowly took jobs away from Americans during the Nixon years. Take a look during each time. 1970s while slowly through those years of Nixon taking jobs away from the American workers, producing less products with less exports out of the country, having more imports of foreign products competing with American products, closing production all together with some companies who opened production in foreign countries by late 1970s the ugly monster of recession showed itself. During the 1980's slowly through those 8 years of sending more jobs overseas, closing more plants, less production in American products being sent overseas with more Foreign imports coming in competing with the few products produced in America gave way to an even more frightening horrid creature of a depression. This time beginning when GW Bush took office in the White House, the recession monster has sprung out from hiding, with the 2002 Government financial incentives for companies to send American high tech and other jobs overseas. Bush said:"We are no longer a High Tech America We are a service America." What a joke!