World economy and Iraq are two of the neocons’ most far-reaching influences: but they don’t talk about them.
Today’s New York Times tells this news story:
“IRAQ’S TROUBLES DRIVE OUT MANY WHO CAME BACK”
2ND EXODUS UNDER WAY
Persistent Violence and a Lack of Work Are Cited as Causes
By JOHN LELAND
BAGHDAD – A second exodus has begun here, of Iraqis who returned after fleeing the carnage of the height of the war, but now find that violence and the nation’s severe lack of jobs are pulling them away from home once again. …
Some Americans, likely in the “66% group”, were unaware that the approaching Bush team’s “liberation army” was not met by Iraqis waving American flags. Even so, there was a bright moment that the neocons failed to capitalize on – the toppling of the statue of Saddam Hussein. Soldiers and citizens co-operated in toppling the statue. But it looks like the cooperation with civilians ended when the statue ended. The neocons may not have carried the necessary resources to focus on “the people” – instead all the focus was on oil and Iraqi politicians.
The Iraqis, to the tune of some 4,000,000 left their Iraqi homes as President Bush’s “liberation army” approached. That was the first exodus. It was basically, publicly ignored by President George W. Bush.
So, while the New York Times talks of a 2nd Iraqi exodus, many who consume news from the neocons’ “current events” news pool, may see this as the 1st Iraqi exodus. And President Barack Obama is now America’s President. So, perhaps this exodus, the 2nd one, is President Barack Obama’s Katrina?
The Iraqi war is one of the achievements the neocons don’t talk about. And closely following the Iraqi war achievements are the economic achievements of the necons.
The economic framework the neocons used to control America’s economy is called Reaganomics. Reaganomics is a scary economics tool even in the hands of highly trained professionals. In a politicized environment(ideology trumps talent) the use of that tool could be disastrous. And it was!
Wikipedia tells us of the four pillars of Reaganomics:
The four pillars of Reagan’s economic policy were to:[2]
- Reduce government spending,
- Reduce income and capital gains marginal tax rates,
- Reduce government regulation,
- Control the money supply to reduce inflation.
http://en.wikipedia.org/wiki/Reaganomics
Of course boys and girls at home would be admonished not to try the above four pillars, but if they did they would need to:
- Reduce Household Spending
- Reduce Household Income
- Reduce restrictions on allowances
- But control of the money supply they could ignore. It does not MAP
And then the household would wait for the Great Household Recession or the Great Household Depression.
In the case of a country so managed, wait for the Great Recession. A country, America, waited from 2003 to 2007 for its great recession. President George W. Bush focused on America’s economy during his 2003 State of the Union Address and by December of 2007, America had its Great Recession. However President Bush, the neocon press, mouthpieces and bloggers denied there was a recession. They called it a “downturn”. – until it got close to President Obama’s inauguration. And while the neocons were in denial, we see this from THE HUFFINGTON POST – Bush: Troubled financial system is basically sound
The above HUFFINGTON POST news story was posted July 15, 2008. America went into its recession in December 2007.
And from the same news story joejolly saw this:
Bush said that despite the woes of Fannie Mae and Freddie Mac and the recent government takeover of California bank IndyMac, U.S. depositors should not worry because their deposits are insured by the government up to $100,000
“If you’re a depositor, you’re protected by the federal government,” Bush said.
Does the highlighted text sound “out of character” for neocons? The highlighted text referenced something that happened during President Roosevelt’s administration. The “insured deposit” was a response to the 1929 Great Depression. Was the GOP in favor of insuring deposits of the masses? Wouldn’t insuring deposits outside of those of the wealthy be socialism? Since it was before the neocon era, the GOP might have shown some support. But would today’s neocon America bring-up something that they would likely not have supported?
Current Standards in Political Ethic’s Do Seem to Allow “Stealing another Party’s Thunder” – especially when the party in need has nothing but “train-wrecks” to show for performance.
And finally it was no longer possible to deny the Great Recession. Today we read:
World now in grip of ‘Great Recession’ warns IMF
http://www.telegraph.co.uk/finance/financetopics/recession/4969652/World-now-in-grip-of-Great-Recession-warns-IMF.html
References:
Leland, John. “Iraq’s Troubles Drive Out Many Who Came Back”; New York Times November 27, 2010: Front Page