Bailing Out the Bush Economy

If you do not like the Bush administration's economy, do not vote for McCain!

Bush says it is not good for the government to bailout the economy. It is self-correcting.

Herbert Hoover, during the Great Depression, said, roughly, it is not the function of government to provide for the general economic well being of the people.

No difference. Keynesian adjustments, manipulating the money supply (monetarism) is no substitute for lessons learned and continuous improvement. According to conservatives, however, including McCain, what we have now, as it was then, cannot be improved.

From Hoover to Bush, the model is "trickle down" economics. It has nothing to do with capitalism or socialism. It is about keeping the apparatus of power consolidated, that is the primary function of government...and that is what is wrong with it!

Sure, if you keep your hands off it, the way it is now operating with a premise of consolidated power, the economy will naturally cycle around to recovery, just like everything in nature, cycle up, cycle down.

Conservatives want us all to forget that humans have the capacity to manipulate or control natural cycles to our benefit, and that can be described as "the general well being of the people," and not just a power elite. This is a matter of rejection and acceptance of a working practical model, like rejecting superstitious beliefs and pratices for scientific knowlege and technology. The time is right to take this step in matters of political economy.

Keeping the apparatus of power, business and government, consolidated is the problem, not the solution.

It should be the primary function of government, rather, to keep the apparatus of power unconsolidated.

The billions of liquidity the Fed has pumped into the economy is being used to support financials from the top down. It has improved profitability without growth, which is what is wrong with it. A pro-growth application would be those billions pumped in from the bottom up, but that would not fit the working model.

Bottom-up priming increases the probability that eager entrepreneurs will incorporate new banking entities not burdened with the failures of the existing "competition." Consolidated entities do not want to encourage a competitive advantage, thus the trickle-down model.

The problem is not a function of a free and unconsolidated marketplace that conservatives say we should keep our hands off for it to correct itself, but the very lack of it. The model for self-correction is not in application, so the economy will not cycle toward verifiable improvement, but the validity of its predictable conservation.

Trickle-down economics is the problem. Now is the time to accept a model of political economy that genuinely applies and effects the general welfare with empirical measures of continuous improvement, not cyclical measures of crisis management.

Build the coalition for Obama, 2008!