[Vision2020] You're Doing One Heckufa Job on the Economy, Bushie!

Art Deco deco at moscow.com
Sun Sep 24 16:13:54 PDT 2006 

Dick,

Perhaps with your great erudition you can point out point by point the 
ignorance and/or the mistakes in the post so that we can all learn and 
benefit from your boundless wisdom.

W.
----- Original Message ----- 
From: "Dick Sherwin" <rvrcowboy at clearwire.net>
To: "Vision2020" <vision2020 at moscow.com>; "Art Deco" <deco at moscow.com>
Sent: Sunday, September 24, 2006 3:46 PM
Subject: Re: [Vision2020] You're Doing One Heckufa Job on the 
Economy,Bushie!


> Without a doubt, this has to be one of the most ignorant posts I have ever
> read here in the vision.  You go Wayne!!
>
> Dick S
> ----- Original Message ----- 
> From: "Art Deco" <deco at moscow.com>
> To: "Vision 2020" <vision2020 at moscow.com>
> Sent: Sunday, September 24, 2006 8:59 AM
> Subject: Re: [Vision2020] You're Doing One Heckufa Job on the
> Economy,Bushie!
>
>
>> Many small businesses thrive with little or no profit (profit = income -
>> expenses*).   However, they do provide income for employed family members
>> and others in the form of wages, benefits, etc (all part of *expenses).
>> Some go on like this for years.  Hence, making is a profit is not
>> necessarily a requirement for a successful business.  However, it best 
>> not
>> to incur losses.
>>
>> Losses do not necessarily mean that a business is a complete failure,
>> either.  Even if a business eventually goes out of existence, they have
>> provided jobs and benefits for their owners/employees, income for their
>> vendors, etc as well as having provided goods/services to the community.
>>
>> So when someone makes the over-simplified, ignorance laden statement that
>> "Without profit, there are no jobs, without jobs there are no pay checks,
>> except for those who are on entitlement programs" one is again sadly
>> reminded that no matter how hard we try to provide a decent education for
>> all, there are bound to be some failures in this attempt.
>>
>>
>> Don't get me wrong, I have no objection to businesses making a fair
> profit.
>> I am not against enterprise, fair/ legal competition, and individual
>> initiative, but strongly for it as I have benefited directly from such.
>>
>> I am against the belief that enterprise should be left without reins and
>> unregulated and its effects debated without reference to the consequences
> to
>> the totality of the milieu in which it operates or proposes to operate.
>> Only a fool would believe that unfettered enterprise is healthy and
>> wonderful, even if that fool only read a newspaper once in their lives.
>> There is room for rational debate about how much regulation is needed
>> generally and in specific cases.
>>
>> What I object to in this thread so far is the over-simplification of a
> very
>> complex issue.  In the case of some of the participants, this
>> over-simplification is the result of ignorance and congenital dumbness.
>> With others, business people who should know better, it is a dishonest
>> attempt to obscure the issues and to smear those not in agreement without
>> having to resort to facts or rational argument.
>>
>> W.
>>
>>
>> ----- Original Message ----- 
>> From: "Dick Sherwin" <rvrcowboy at clearwire.net>
>> To: "Vision2020" <vision2020 at moscow.com>; "Kai Eiselein, editor"
>> <editor at lataheagle.com>
>> Sent: Friday, September 22, 2006 4:09 PM
>> Subject: Re: [Vision2020] You're Doing One Heckufa Job on the
>> Economy,Bushie!
>>
>>
>> > You are correct, Kai.  Business is not only about making a profit, it 
>> > is
>> > imperative that business make a profit.  Without profit, there are no
>> > jobs,
>> > without jobs there are no pay checks, except for those who are on
>> > entitlement programs.
>> >
>> > Only a true socialist would put down business for making a profit.
> Hence,
>> > the prattling of Nick Gier.
>> >
>> > Dick S
>> > ----- Original Message ----- 
>> > From: "Kai Eiselein, editor" <editor at lataheagle.com>
>> > To: <nickgier at adelphia.net>; <vision2020 at moscow.com>
>> > Sent: Friday, September 22, 2006 10:50 AM
>> > Subject: Re: [Vision2020] You're Doing One Heckufa Job on the
>> > Economy,Bushie!
>> >
>> >
>> >> Ummmmm, productivity has gone in profits, not wages....... Last time I
>> > checked business was about making profit..... Which is good, because
> thats
>> > what PAYS WAGES!  yeeesh Nick
>> >>
>> >> -----Original Message-----
>> >> From: vision2020-bounces at moscow.com
>> >> [mailto:vision2020-bounces at moscow.com]On Behalf Of
> nickgier at adelphia.net
>> >> Sent: Friday, September 22, 2006 10:38 AM
>> >> To: vision2020 at moscow.com
>> >> Subject: [Vision2020] You're Doing One Heckufa Job on the Economy,
>> >> Bushie!
>> >>
>> >>
>> >> Greetings:
>> >>
>> >> I decided to get my radio commentary out of the way early this week, 
>> >> so
>> > that I can work on my book on religious violence.  This is the longer
>> > version.
>> >>
>> >> Thanks, Saundra, for saving me the trouble of trying to switch to
>> > Time-Warner.  I don't want a RoadRunner e-mail address, but on second
>> > thought, it might help me outwit the witless coyotes down the hill.
>> >>
>> >> YOU'RE DOING ONE HECKUFA JOB ON THE ECONOMY, BUSHIE!
>> >>
>> >> Nick Gier, Professor Emeritus, University of Idaho
>> >>
>> >> Note: BLS stands for Bureau of Labor Statistics
>> >>
>> >> President Bush keeps telling us that the economy is growing, but "The
>> >> Wall
>> > Street Journal" reported (3/27/06) that most of that productivity has
> gone
>> > into profits not wages.  A "The New York Times" editorial explains:
> "Wages
>> > and salaries now make up the lowest proportion of the economy since
> 1947,
>> > while corporate profits have climbed to their highest since the 1960s"
>> > (8/29/06).
>> >>
>> >> Worker productivity has gone up 18.4 percent, but wages are down, so
> any
>> > additional income has obviously gone to the rich, not the poor and
> middle
>> > class. The poverty rate has gone up 17 percent since 2000.  Those in
> deep
>> > poverty—$7,800 for a family of three—number the highest since 1975, 
>> > when
>> > such surveys began.
>> >>
>> >> During the 1950s and 1960s, median household incomes doubled, but 
>> >> since
>> > 1979, the lower classes have experienced no wage increase at all, while
>> > middle class income has increased by a mere $200 per year.  In stark
>> > contrast, the top 1 percent of Americans has enjoyed a 111.3 percent
> raise
>> > (Rocky Mt. News, 5/2/06). The Census Bureau reports that median family
>> > income for those 25-34 has dropped 5.9 percent during the Bush
>> > administration.
>> >>
>> >> Bush also brags about the low unemployment rate, but there are many
>> > important qualifiers. The rate is actually 10 percent higher than when
> he
>> > took office, and the number unemployed longer than 26 weeks has climbed
> 57
>> > percent (BLS, 7/7/06). Many have simply dropped out of the job market,
>> > because there are 1.7 percent fewer people working now than in April
> 2000.
>> >>
>> >> Three million manufacturing jobs have been lost (BLS, 7/7/06) to new
> jobs
>> > in the service sector and other low paying positions, half of which are
>> > part-time and offer no benefits (LA Times, 7/24/06).  Bush has the 
>> > worst
>> > job
>> > growth record since the Great Depression (BLS, 7/7/06).  Excluding
>> > farming,
>> > 22.7 million jobs were created during the Clinton years, while only 2.3
>> > million have come on line under Bush.
>> >>
>> >> Entry level wages for college graduates have fallen 4 percent over the
>> > last five years—7.3 percent for men and 3.5 percent for women—the first
>> > decline in 30 years. Health coverage for this same group has fallen by 
>> > 7
>> > percent. Health insurance premiums have risen 71 percent over the same
>> > period, making it more likely that these young families will be faced
> with
>> > bankrupting medical bills.  In 2005 1.3 million more Americans were
>> > without
>> > health coverage for a total of 46.5 million.
>> >>
>> >> Apartment rents and house prices have climbed steeply. The American
> dream
>> > of owning your own home is now just that for many young Americans.  The
>> > housing affordability index is at its lowest since 1987. With house
> values
>> > dropping and interest rates rising, recent home owners, who were 
>> > seduced
>> > by
>> > no down payments and adjustable rate mortgages, may soon find that they
>> > owe
>> > much more on their mortgages than their homes are worth.
>> >>
>> >> Americans have always had the lowest savings rate in the world.  Now
> this
>> > rate has gone into the negative, which means that we are spending more
>> > than
>> > we earn.  People under the age of 35 are spending a whopping 16 percent
>> > more
>> > than they take in. In 2005 Americans had the worst ratio of household
> and
>> > mortgage debt to disposable income in 25 years. We are also buying more
>> > goods from other countries than we are exporting.  In 2005 the trade
>> > deficit
>> > reached $726 billion, twice the size of 2001, due in large part to
> imports
>> > from China.
>> >>
>> >> Because of Bush's tax breaks, the total national debt has increased $3
>> > trillion in 5 years, a 54 percent increase, beating Reagan's record of
>> > $1.6
>> > trillion in 8 years. China, Japan, and other countries also hold $1.2
>> > trillion of our national debt, and they could decide to unload those
>> > bounds
>> > at any time.  Because of the declining value of the dollar, OPEC
> countries
>> > could also decide to price their oil in stronger euros instead of 
>> > weaker
>> > dollars.
>> >>
>> >> As economist Jayati Ghosh states: "The U. S. public merrily continues
> to
>> > spend its way through the rest of the world's savings," borrowing $600
>> > billion alone in 2005. The American grasshoppers' long summer of
>> > overconsumption will eventually end, and the world's ants, some of them
>> > putting away 30 percent of their income, will come out on top.
>> >>
>> >> Europeans stood firmly with us after 9/11, assuming that the U. S.
> would
>> > seek a multilateral solution to terrorism, but now 71 percent of them
>> > believe that Bush is the greatest threat to world peace.  Many 
>> > Americans
>> > now
>> > have good reason to believe that Bush's domestic policies are
> undermining
>> > their financial security and their children's economic future.
>> >>
>> >> Way to go, Bushie!
>> >>
>> >>
>> >>
>> >> =======================================================
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>> >>  serving the communities of the Palouse since 1994.
>> >>                http://www.fsr.net
>> >>           mailto:Vision2020 at moscow.com
>> >> =======================================================
>> >>
>> >>
>> >> __________ NOD32 1.1767 (20060921) Information __________
>> >>
>> >> This message was checked by NOD32 antivirus system.
>> >> http://www.eset.com
>> >>
>> >>
>> >>
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>> >>                http://www.fsr.net
>> >>           mailto:Vision2020 at moscow.com
>> >> =======================================================
>> >>
>> >
>> > =======================================================
>> > List services made available by First Step Internet,
>> > serving the communities of the Palouse since 1994.
>> >               http://www.fsr.net
>> >          mailto:Vision2020 at moscow.com
>> > =======================================================
>> >
>>
>> =======================================================
>>  List services made available by First Step Internet,
>>  serving the communities of the Palouse since 1994.
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>>           mailto:Vision2020 at moscow.com
>> =======================================================
>>
>

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