Thursday, November 02, 2006

What Have Republicans Wrought?

As we conclude the sixth year of the Republican reign (and by Republican reign I mean having complete control of all the levers of government, the executive, both houses of the Congress and a compliant Supreme Court) it may be well to look at what has happened on their watch. We have often argued about their policies and have found them wanting, but it may be that a much more telling measure may be what they have wrought.

Let us begin with a worldview. As Bush was sworn in on January 20, 2001 the country was at peace. Democracy was sweeping the globe; moderate democratic governments were in power in South America, and in much of the globe including Thailand. Iraq was contained with sanctions and no fly zones and in Iran it’s youth was clamoring for reform and had elected as its President, the moderate, Mohammad Khatami. Korea was a member of the Nuclear Non-
Proliferation Treaty (NPT) and had admitted inspectors into it’s closed society. It had negotiated the “Sunshine Policy” with South Korea, which led to a lessening of tension, and we were witnesses to relatives from the divided nation meeting each other, amid hugs and tears for the first time in decades. In Thailand a Democratically elected government ruled the country.

Now six years later, we have extreme left wing governments in power in Venezuela and Peru and are nervous as to the direction of the populist government of Luiz Inacio Lula da Silva in Brazil.

In Thailand the Democratically elected government has been overthrown by a military coup and a military dictatorship reigns, without a murmur of protest from our government.

In Palestine the radical Hamas has been elected.

Iraq lies in ruins as the death toll of our troops mounts and the total casualty figure is withheld from us. As for Iraqis, their death toll has reached hundreds of thousands and total casualty figures are never mentioned, either for American troops or for Iraqi civilians, as though people who have lost their limbs, but are alive are irrelevant. And what is the response by the head of the Republican Party, who is President? After saying “We must stay the course” innumerable times, he now tells us he never meant that, but wants us to stay the course. After Washington Post columnist, Bob Woodward, published his book “State of Denial” the President assures that he actually sees the television images just as we do, after having told us they are misleading and don’t show all the good things.

He accuses his critics of a mentality of “Cut and Run” apparently never having heard of “Strategic retreats,” so that our soldiers may live to fight another day. The Republicans have lost the war and more importantly the peace in Iraq, and attack their critics for not joining them in their “State of Denial.”

Afghanistan, which was the one and only success of this Administration is back slipping as a result of neglect, and looks like a resurgent Taliban may yet turn that unhappy country into another Iraq.

In Iran, Khatami has been replaced by Mahmoud Ahmadinejad and the youth who once clamored for reform, now clamor for atomic power and cheer the madman. Any hope that the youth will successfully push for reform has gone down the drain.

Korea has left the NPT, kicked out the inspectors and rather than forswearing an atomic bomb brags about having one. It probably does not, but if we “stay the course” in this theater, it undoubtedly will have one before long.

In the meantime Russia’s atomic weapons are left unguarded and it is a more likely source for such weapons falling into terrorist’s hands than any of the rogue states, but negotiations to safeguard this danger have been all but abandoned.

When it comes to terrorism all attempts by the terrorists to attack our homeland were thwarted before the Republicans gained ascendancy. In the years immediately preceding that ascendancy, the terrorists tried again and again to attack our homeland. They attacked the World Trade Center but it was unsuccessful. They planned to blow up 12 U.S. jetliners simultaneously. They planned to attack and blow up UN Headquarters. They planned to blow up FBI Headquarters; the Israeli Embassy in Washington; Boston airport; the Lincoln and Holland Tunnels in NY and the George Washington Bridge. They were thwarted each time. And then Republicans gained power and 9/11 happened and somehow they reaped benefit from it. It shows that they are good at one thing!!!! PROPAGANDA. How can one reap credit for failure?

On the home front Republicans inherited a surplus in the National budget. The federal budget surplus for fiscal year 2000 amounted to at least $230 billion and the cumulative National debt stood at 5.7 trillion. Even though during the previous twelve years of Republican rule preceding the Clinton Administration, the Federal debt had quadrupled, the White House and the Congressional Budget office projected that the National debt of 5.7 trillion would be retired in ten years. No one questioned these projections and this Republican Administration, with the blessings of the Chairman of the Fed. Alan Greenspan, expressed fear that without a tax cut the surplus would be too large. Well. We needn’t worry about that any more. The cumulative national debt is now 8.5 trillion. While huge sums are stolen, laws are written by lobbyist for their clients instead of by legislators for the American people, and pork is rampant with appropriations for bridges to nowhere. Citizens Against Government Waste calculates that pork barrel spending has exploded from 1,439 projects worth $10 billion in 1995 to 13,997 worth $27.3 billion in 2005. The “emergency” bill for Hurricane Katrina and the Iraq war included $1.8m to promote art in West Virginia. At the same time taxes are slashed for a small minority of Republican campaign contributors. How do they propose to remedy this mess? They tell us our entitlements cost too much money. The say we can’t afford Social Security or Medicare or Medicaid anymore or loans and grants for needy college students.

In the meantime wages are stagnating. In the years 2000 to 2005 total compensation for workers, which includes wages, health insurance and pension benefits, declined 2.5% as a percent of gross domestic product, according to the United States Bureau of Economic Analysis. This contrasts with the 1990s when Workers’ share of the economy grew by 2.3%. What makes this even worse is that it happened while productivity was increasing rapidly.

As for unemployment an area where Republicans are bragging about the low rate, it should be noted that in 2000 just before Republicans seized the Presidency and enacted their “stimulating” tax cuts the unemployment rate stood at 4%. By 2003 it was up to 6% and it is finally down to 4.5% which they claim shows how well things are working. It took them 6 years to get it close to where it was when they seized power. The pain this has inflicted on real people can be seen from the fact that when Wallmart offered it’s extremely low paying jobs without benefits, desperate job seekers lined up. On one occasion 25,000 potential employees vied for 325 available jobs. On another 15,000 people lined up to try to snag one of the 400 available jobs.

Most incredibly, even the people who supposedly are the beneficiaries of the Bush policies have not fared well. The Investor Class, whose taxes have been slashed again and again, has not fared well in this Republican era. Between the ascendancy of a Republican President to go with a Republican Congress investors have actually lost money. At the close of the market on January 19, 2001 the day before Bush took office the Dow stood at 10,587. On October 30 2006, after a very strong run up during October it stood at 12,098 or a gain of 1,511 or 14%. During this period inflation caused purchasing power to decline by 15% or a net loss to investors of 1%. But the Dow is a poor measure of the stock market because it only tracks 30 carefully chosen stocks and they are not weighted equally, so that no one can invest in its index. The S&P 500 which tracks 500 of the largest companies is a much more meaningful indicator. It stood at 1,342 at the beginning of Republican ascendancy. On October 30 it was at 1,378, a difference of 36 or 2%. Factoring in inflation, investors in an S&P index fund lost 13%. If we look at the Nasdaq we find the respective figures to be 2,770.38 and 2,359.86 a loss of 411 points or a loss of 14%. When inflation is factored in that is a whopping 29 % loss.

WHY WOULD ANYONE VOTE REPUBLICAN?????????

It seems to me that the Republican Party not only does not deserve to govern but it cannot justify it’s very existence. It deserves to follow the way of the Whigs. It needs to disappear. Then the Democratic Party can and would split into two responsible parties and we would be governed by the people, and not by experts in deception and propaganda.

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