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raybond
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In his very fine article "United States National Debt: An Analysis of the Presidents Who Are Responsible for the Borrowing", Steve McGourty dissects the National Debt in a readable and understandable format with graphs and figures from US Government data and Microsoft's Encarta Encyclopedia.

This short discussion of that work delves more specifically into why the prevailing conversation in politics has not included the massive run-up of the National Debt by the Republican Presidents starting with Ronald Reagan through George W. Bush.

It is said (over and over again) by Republicans that the Democrat (sic) Party is the party of "Tax and Spend." But no Democrat has ever pointed out that the Republican Party is the party of "Borrow and Blow." Why is that? When the National Debt is reviewed, as done by McGourty, we immediately notice one very critical issue: Namely, that the Republican Presidents have consistently borrowed huge sums of money and spent it on things that have provided no return to the American People. Huge military build ups and wars do not add to the economy, they diminish it.

Reagan believed in the Milton Freidman's Chicago School of Economics credo that giving huge sums of money to the richest people will create financial opportunities to those less fortunate -- the "Trickle-Down" financial model. George H.W. Bush continued this policy and Congress went along with it by de-regulating practically every industry and financial institution in America. Reagan and George I increased the National debt from under one trillion dollars to over 4.4 trillion dollars in their twelve years in power. This is an increase of five hundred percent! Reagan himself tripled the National Debt during his Presidency and rolled up more debt that all other presidents combined!

President Clinton inherited this monumental debt and actually halted the upward movement during his two terms as President. And we all remember with fondness the level of prosperity that we reached under Clinton. "Tax and Spend" is tantamount to "Living within Your Income." And, low and behold... it worked!

George W. Bush has little or no regard for the dire consequences of the Republican philosophy of "Borrow and Blow." He is their greatest cheerleader, in fact. He has taken the "Borrow and Blow" philosophy to a whole new level. Consider his misguided foray into Iraq: 700 Billion Dollars without anything positive to show for it. Truly "Borrow and Blow" in action.

And what about this latest crisis: the Wall Street Bailout--seven hundred billion dollars that will be used to purchase worthless debts created by the greedy Republicans on Wall Street who want all the profit and want to "socialize" the debt. This again is the top-down (or trickle down) philosophy of Milton Freidman that has created the unprecedented National Debt that we are burdened with today. Why is there such and urgency to resolve this crisis immediately? Obviously if you have enough time to review it, you will not agree to these very unfavorable terms from this disgraced President. It is one last effort on W's behalf to provide huge sums of money for his neo-conservative supporters prior to his removal from office. And the urgency is another use of the Fear Card (Smoking gun...Mushroom cloud) that has worked so well in the past to get his war in Iraq.

If "Tax and Spend" is the mantra for the Republican Party against the Democrats, then "Borrow and Blow" should be the answer by Democrats to the Republicans.

Honestly, can you name anything of lasting benefit that any recent Republican President has left us? [Mad]

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SeekingFreedom
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SeekingFreedom
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Juvenille, perhaps, but still funny.
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raybond
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not funny just stupid

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Lockman
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quote:
Originally posted by SeekingFreedom:
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LOL

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Peaser
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True of the Republicans, yet Dems Tax and Spend...

Are either parties any better than the other when it comes to demolishing OUR DEBT!!!

The simple answer is NO.

Cut Spending.

Seriously.

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CashCowMoo
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Trying to cover up the out of control spending by going after Republicans? The Republicans are the party of borrow and blow? Is not the spending that has begun since Obama borrowing from future generations and blowing it on "stimulus" projects?

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buckstalker
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CCM...seriously man, the republicans are NOT any better than the democrats when it comes to looking out for you and me...to think otherwise would be foolish

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glassman
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i wonder what is in this visit for him?

George Bush visits Shandong: China's rise is an opportunity for USA

Updated: 2010-01-27 15:44
George W. Bush, former president of the United States, attended the “2010 China and the World Economic Outlook” conference in Shandong on January 26, 2010. It is the first time he visited Shandong.

In his thirty-minute speech, Bush praised the economic prosperity and great social changes of China in the past thirty years. China's rise is an opportunity for USA, not a threat, he said.

He said China’s success shows the importance of openness, trade and the free market.

Bush said he opposed trade protectionism. The best way to help people out of poverty is to support and encourage commercial trade, he said. Donations cannot compare with the benefits from global free trade and the goods and services produced by economic development.

"The world’s economy center changes from the Atlantic to the Pacific,” Bush said. He appreciated China’s effort in helping the world go through difficult times.

Bush showed his confidence in the recovery of the world’s economy and said the U.S. economy would continue to maintain good relations with China.


http://www.chinadaily.com.cn/regional/2010-01/27/content_9387142.htm

this might b ethe first time dubya went to Shandong, but he has been to China before... as a matter of fact? his dad is one of thepeople that developed the original trade policies with China,


now, i am not saying Dems haven't Capitalized on opening trade with them too.

trade with China has not had one good impact on the average US household. so what of we can buy cheaper junk? it's not cheaper in the long run.

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glassman
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In China, Bush remains a popular president
He is shown in a dozen flattering photographs at a Beijing exhibit marking 30 years of Sino-U.S. diplomatic ties. Many Chinese openly express affection toward 'Xiao Bush,' or Young Bush.
January 15, 2009|Barbara Demick

BEIJING — Walk into the exhibit hall at Beijing's Cultural Palace of Nationalities and there is George W. Bush, larger than life on a 15-foot-high video screen, praising China's growth

Contemplating his imminent departure, many Chinese are openly expressing affection toward the man they call Xiao Bush, or "Young Bush," to distinguish him from "Old Bush," the 41st U.S. president.

"Bush made some mistakes in foreign policy, especially with Iraq, but for the Chinese, he had been a true friend," said Mao Baoshu, a retired nuclear specialist who was attending the exhibit Tuesday.

Many Chinese credit the Bush administration's free-trade policies with helping the Chinese economy blossom over the last eight years. They appreciate its efforts to rein in the fiery anti-Beijing rhetoric of former Taiwanese President Chen Shui-bian. And Bush's attendance of the opening ceremony of last summer's Olympics, at a time when many world leaders were urging a boycott because of China's human rights record, is viewed with deep gratitude.

"We will never forget that the leader of the most developed country in the world stood up to pressure to come to the Olympics," Mao said.

In fact, China's appreciation of Bush is part of an unlikely romance between the Republican Party and the Chinese Communist Party that dates to President Nixon's historic visit in 1972.

Nixon and Henry Kissinger, who as national security advisor set up the China trip the year before, also are lavishly celebrated in the photo exhibit, which opened Monday. Jimmy Carter, who was president when the treaty to normalize ties was signed in 1979, attended an opening ceremony, as did Kissinger.

Though both Carter and Bill Clinton have places of honor on the walls, the GOP reigns in the display of photographs. One particularly popular image, which frequently appears in the Chinese media, shows George H.W. Bush in 1974, when he was the top U.S. envoy to Beijing, posing casually with a bicycle in front of the Forbidden City.

"Generally, China is a country that likes order and strength," Thomas J. Donohue, president of the U.S. Chamber of Commerce, said of the relationship between China and the Republican Party. He was in Beijing this week to speak about the 30th anniversary of normalized ties.

"There is a long story here," Donohue said. "It started with Henry Kissinger and Richard Nixon. . . . Then, the relationship with George W. Bush, the current president, was helped by his father and the turmoil around the world after 9/11."


http://articles.latimes.com/2009/jan/15/world/fg-uschina15

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Peaser
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My guess is he wants to start a new Baseball League or expansion team in China. ha ha

In all seriousness though, I wonder if it has anything to do with stalling(building relations with) China in order to delay them from requiring us to pay back debt.

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glassman
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last year? our trade deficit with China was 226 billion dollars..

that money is GONE. now, a bad stimulus project by the Govt spent 200 billion dollars right here (possibly saving or creating 2 million jobs) in the US... sure it's borrowed, and that sux, but the money we send to China just gets lent back to our GOVT at interest, and the same amount of jobs are gone from here...

we lose 2 million jobs per year due to this trade deficit based on the Govts stats


in '08 it was 268 billion dollars... it's just gone. we exported 70 billion wothr to them and imported 338 billion.

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glassman
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quote:
Originally posted by Peaser:
My guess is he wants to start a new Baseball League or expansion team in China. ha ha

LOL..he oughta do well with them, esp if he neeeds land to build a stadium...

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Peaser
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I edited my original post. I think we're both hitting on a similar thought.

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glassman
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quote:
Originally posted by Peaser:
My guess is he wants to start a new Baseball League or expansion team in China. ha ha

In all seriousness though, I wonder if it has anything to do with stalling(building relations with) China in order to delay them from requiring us to pay back debt.

OK, i thihk he's trying to make up for Google's non-compliant attitude

Google vs. China

TOOLBOX


Thursday, January 14, 2010

GOOD FOR Google. The company's decision to stop censoring its Chinese search engine is more likely to mean the end of its China-based service than a breakdown of Beijing's political firewall. But more important than the question of whether Google.cn survives is the larger issue that Google has now raised for other Western companies and democratic governments -- which is whether China's gross and growing abuse of the Internet should be quietly tolerated or actively resisted.

Google cited a major instance of that abuse in announcing its policy change: "a highly sophisticated and targeted attack" on Google and more than 20 other large companies aimed at stealing software code. "A primary goal of the attackers," Google said, was breaking into the Gmail accounts of Chinese human rights activists.

This is shocking but unsurprising. Cyber-attacks from China aimed at U.S. businesses, the Pentagon and other government agencies have become commonplace, if not epidemic, in recent years. So have Beijing's demands that Western companies collaborate in its efforts to censor political content on the Internet and snoop on the private e-mails of its citizens, several of whom have been prosecuted with e-mails supplied by Yahoo. China aims not just at eliminating the free speech and virtual free assembly inherent to the Internet but at turning it into a weapon that can be used against democrats and democratic societies.


http://www.washingtonpost.com/wp-dyn/content/article/2010/01/13/AR2010011302908. html

China is NOT becoming more "human rights friendly"...

sure, they held the olympics and had a big media luvfest, but the olympics just happened to coincide witht he peak in world commodity prices, which forced the FED to raise interest rates which triggered the sub-prime crisis...

China's human rights issue in Tibet is ghastly.

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CashCowMoo
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quote:
Originally posted by buckstalker:
CCM...seriously man, the republicans are NOT any better than the democrats when it comes to looking out for you and me...to think otherwise would be foolish

I didnt say they were, but there IS a lesser of two evils here.
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glassman
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Cash, the real evil here is that the politicians on both sides have managed to keep the dialogue from even being honest and on-point.

look at the stimulus package. only 6% of the people even beleive it created jobs. yet it is impossible to inject 180 billion $ into the economy the way it was injected without creating jobs. You'd literally have to destroy the money to not create any jobs.
Then you have our ex-president in China trying to increase trade with them when every single month since the 80's has been a trade deficit which does in fact equate to jobs lost. Why is nobody talking about how to stop this bloodletting. It really is millions of jobs per year. They place blame on each other based on whatever their political ideology is without any regard to the simple truths.
We won the cold war with the Soviets because they went broke. China is at war with US now and we are losing because our poltical leaders are pretending they are not. The only ratioanl explanation for them to be pretending we are not is that they are making profit from it. It is both parties doing it.

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raybond
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I have always said that there should be a labor Party in America. The two parties we have don't look after working people and don't care about them. The Dems are the lesser of two evils but that is because they have to give a little to labor. I will always remember NAFTA as the biggest knife in the back to labor and the country in my life time, and that was delivered by the Dems.

Labor built every thing in this country and fought most of this country's wars and as a group are the least represented and thought of. I hope it does change some day.

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