Yes, AMERICA, The GREENSPAN RECESSION IS UPON US.
"DUBYA" & the Bankster's Lackey, (Greenspan), agree on A GIFT FOR THE ELITE WHO BOUGHT THE ELECTION - (TAXCUTS for the WEALTHY).
Greenspan trashed the Prosperity of the last Ten Years by raising the Cost of Money--Interest Rates
...a drop from a growth rate of 4.5% to 0% is a RECESSION; it's not the zero rate, it's the relative decline, STUPID.
THERE NEVER WAS A GHOST OF INFLATION !!!
Cutting the National Debt -- buying back high-cost Treasury Bonds AND BY NOT BORROWING ( NOT selling more Treasuries) was the real reason there was NO INFLATION.
The Banksters and the GOP hate it when they can't put their trillions of profits from their energy monopolies--oil-gas & power generation -- into the safe harbor of U.S. Treasury Bonds--T-Bills.
Click Here to read more on this fraud.
The Banksters hate it when there is full employment--they can't repossess properties from prosperous workers.
Do you hear anything abour Greenspan's boogy-man--the "dangerous wealth effect" now?
Do you hear anything about Bush's Plan to put some of your social security into the stock market, now?
The coalition of Banksters and De-regulators--LACKEYS FOR THE ELITE-- bought their man the Nation's highest Office by short-circuiting the election.
They are heading for Deficit Spending, again, just like both Bushs' mentor, R. Reagan, who quadrupled the National Debt, 20 years ago.
The Democrats, all, sold out to the Banksters to help Reagan spend our kids' money, then.
Will they do so again?
Apologists for Reagan say that it was the Congressional "Big Government" spending which caused the Growth in Debt, after Reagan's Tax Cuts in 1981. The facts are that Reagan signed all the Congress' Spending Bills.
The "Buck Stops Here"--at the desk of the President !! Acc. to Harry Truman..
The Bond Buyers want to have the National Debt expanding. They want the Interest payments, our Income Taxes pay for.
That's one reason that Dubya was put into office.
The other is:
The Elite want to recover their campaign donations--the Repub-ocrats kicked in over 900 million dollars in "soft money" alone -- to elect politicians who will vote against campaign finance reform.
They won't give up the power that their dollars give them with the two parties. McCain's been sidetracked and Democrat Senator Feingold voted for Ashcroft in a vain attempt to suck up to Bush.
THE "BOUGHT & PAID-FOR" MEDIA doesn't report these corruptions, just as it didn't do anything to warn the people about the PROFITEERING called DEREGULATION.- Look at the Telecommunications Industry.
-- Did any rates come down? - Look at Talk Radio
-- Did anti-free-trade voices get sacked? - Look at Cable-TV.
--Did your Rates come down? - Look at Long Distance.
--Did your monthly telephone bills come down?
- Look at the Airline Industry.
--Did any services or prices get better? - Look at the Air Carriers
-- Are there better fares or more flights from your area? - Look at the Utilites.
-- Did your rates come down? - Look at your Energy Costs.
-- Did your monthly bills benefit from all the "NEW" competition? Five years ago, on February 8, 1996, President Clinton signed the Telecommunications (DEREGULATION) Act.
The Bell Companies still monopolize local phone service.
Instead of rushing onto each other's turf, as the Act encouraged, phone and cable companies have merged and defended their provinces, critics say. Local phone prices are up 12.1%. Cable bills have soared 32%.
The Big Seven Baby Bells consolidated into four companies and charge outrageous fees to outside user-companies, who want to offer local phone service.
Yankee Group Industry Analyst, Brian Adamik, states, "The Telecommunications Act is a complete failure. We are stepping backward."
History shows the results--
All the Monarchs catered to their favorites and created the Elites that ended up owning everything.
It's happening again !!!
WAKE UP, CITIZENS!!
Deregulation is another name for PROFITEERING !!!
MONEY TALKS
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