I have written, at least 25 times over the last seven years, that we cannot simultaneously: 1.) Lower taxes; 2.) Conduct the MOST EXPENSIVE WAR IN HISTORY; 3.) Pay $100-plus for a barrel of oil; 4.) Pay (flush down the toilet) $1 TRILLION annually, in so-called national debt, in affect, rebuilding the Chinese Army; and, 5.) Institute the no-bid federal drug program run by the drug companies.
Dozens of times, I wrote that we were actually in a war that would result in the world getting off the DOLLAR STANDARD. By 2005, I thought it would happen in "a week or months," and the new currency would be the Euro or Yuan, and it still might be in the future. But the G-20 is discussing a "new" world trading currency. This is a direct reaction to our invasion of a sovereign nation. (It's the paradigm we've used against Cuba for 46 years! The Arabs are making us suffer for our incursion into Iraq.)
NeoCons ignored their Progressive friends; instead always answering by repeating one liners or some silly lie about "but the debt is only 2 percent of the GDP." Ironically, the foundation of true conservative politics is fiscal responsibility, paying off debt and condensing government.
It's said by some think tankers our debts today, including, but not limited to Bush/Cheney's wars and long-term vet benefits, tax collections in arrearage and unemployment payments, is currently nearing 20 percent of GDP. That number continues to rise as fewer work, our debts increase, and our tax collections dive.
All of this is a NeoCon-Bush-Cheney invention. All of this, at this late moment, when the average stock portfolio is down (20-50 percent); homes and property are down (20-50 percent); and taxes - federal, state, local and property - are ubiquitously rising. Note: When I say down 20 percent or more, that does not include the 3 percent per year money has lost against inflation. So if you had all your 1999 money, you'd need 25-30 percent more money to be even with 1999 holdings.
The biggest problems are yet to hit. Retail (commercial) real estate implosions; the doubling of unemployment from here (8 to 15 pct.); and massive credit card defaults are widely expected.
And NeoCons, who you would think are witnessing all this with the rest of us, are still repeating Limbaugh mantras like, "Obama caused this."
The answer is so simple that even the least of GOPs could grasp it. The Republican Party is so buried in the upcoming 2010 races - even to try and hold the current amount of House or Senate seats following the devastations of 2006 and 2008 - it is hoping against hope with that the old Hitler adage, "if you repeat a lie long enough people will start believing it." So it's all Obama's fault, the economy, the wars . . .
Nobody, with the exception of maybe the 25 percent who backed Bush when he left office eight weeks ago, will ever believe the TRILLIONS being printed today to pay the weekly unemployment benefits; the payroll to millions of government employees, including military; and, the federal bonds and debt due today will ever be attributed to Obama, even as dumb as the electorate has become.
The bottom-line: Obama is busy undoing Bush signing statements DAILY (abortion, stem cells, education, etc.); Obstructionists will probably lose another 22-25 congressional seats and another 2-4 senate seats 20 months from now.
America's chances of ever regaining its long held place of great world leadership, as it was prior to Bush taking office? Nil. ZERO.
Most observers agree, what the GOP has accused the Dems of doing for decades (spending until the coffers are dry), is exactly what Bush did from 2001 until 2008. What did they purchase? Ill will.