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Monday, September 14, 2009

a theory consistent with the facts

Who decided to print trillions of dollars and give them to banks? The Bush Administration. Who decided to print hundreds of billions of dollars and give them to AIG? The Bush Administration. Who decided not to tell General Motors and Chrysler to work out their problems in bankruptcy court like any other company not smart enough to recognize the implications of pension and health care guarantees (see While America Aged)? The Bush Administration started with the Detroit bailout.

A theory consistent with the facts is that King Bush II knew that the next president would be a Democrat, due to the endless depressing Iraq/Afghanistan war. He therefore intentionally wrecked the economy and then took over much of it in order to make the next administration look like socialists.

Going by the numbers and facts, an economic historian would have little choice but to classify the U.S. circa 2009 as a socialist nation. Government at all levels spends a greater percentage of GDP than does China’s (source), for example, and the government either directly owns or assumes financial risks for a lot of our largest enterprises. How did we get here? It was a Republican plot to make Obama look like a socialist, by the clever strategy of converting the U.S. into a fully socialist economy prior to January 20, 2009.

Republican Plot to Make Obama Look Like a Socialist Philip Greenspun
Republicons: the other socialist party in the US.

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