"Four years of blaming George W. Bush for the bad economy is enough!" So pronounced the President's brother, Jeb. Sort of reminded me of Richard Nixon declaring, "One year of Watergate is enough!" But that is beside the point.
I sort of like Jeb, so I put some thought into his position.
What brought on this recession, near depression? Well, 2 unfunded wars may have been a factor. I hear the unfunded Medicare Drug Act was some influence. Then that unfortunate real estate bubble had to go bust.
No way the Bush Tax Cuts had any effect of the financial debacle because everyone knows supply-side economics works. W. told us so, on January 3, 2007, penning an article claiming "It is also a fact that our tax cuts have fueled robust economic growth and record revenues." So there. 2007 boomed! Don't confuse this issue with facts.
Step one to fixing this economy but good: No more unfunded wars. So I guess we better fund the involvement in Syria John McCain asked for at the Republican National Convention. And of course he still wants to Bomb, Bomb, Bomb, Bomb-Bomb Iran. So there are two more wars. Fund them.
Step two: Keep the unfunded Medicare Drug Act because seniors vote for our side. Repeal ObamaCare because those people vote for the other side.
Step three: Create a new real estate bubble! Times were good then. Deregulation of the Bond Market allowed invention of scams all but a few could even figure out. And when a few did figure it out and bet against us they made but pennies on the dollar, whereas we investment gurus (read: scammers) still have our millions! Deregulate and let's do it again!
Step four: Lower taxes on the wealthy! It works. Really. Trust us. Really.
Step five: Balance the Federal Budget. Privatize Medicare. Slash Medicaid. And cut education. No new schools in the U.S.! Save trillions. But keep building them in Afghanistan because the Taliban rebels will eventually wear themselves out blowing them up and we will win the war there.
Sounds like a plan.
James S. Spangler, OD